Pender Growth Fund Inc V.PTF

PTF Holding: General Fusion

[prophetoffactz]

General Fusion, based in British Columbia, is expected to hit a key technical milestone in 2025, which could potentially lead to a valuation inflection point. The company aims to achieve fusion conditions of over 100 million degrees Celsius by 2025 using its new Magnetized Target Fusion (MTF) machine, called Lawson Machine 26 (LM26)

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. This achievement would be a significant step towards their goal of reaching scientific breakeven by 2026.While specific valuation projections for 2025 are not provided in the search results, the potential economic impact of fusion energy is substantial:

1. General Fusion aims to provide fusion energy to the power grid by the early to mid-2030s
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2. The company estimates that fusion could offer CA$520 billion ($380 billion) in cumulative economic benefits by 2100
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3. By 2050, fusion development could create over 63,000 Canadian jobs and establish valuable supply chains
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The company's recent funding rounds and government support indicate growing investor confidence:

• In 2023, General Fusion raised $25 million USD (approximately $33.5 million CAD) in a Series F round
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• As of August 2024, the total public and private investment into General Fusion's LM26 program exceeded CA$71 million ($51.9 million) since its launch in 2023
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While a specific valuation for 2025 is not available, achieving the planned technical milestones could significantly increase General Fusion's value and attract further investment as it progresses towards commercialization.