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General Matter

generalmatter.com ↗
PROCESS SCHEMATIC · NUCLEAR / HALEU ENRICHMENT LIVE
Founded
2024
Stage
SERIES A
Raised
$950M
HQ
LOS ANGELES, CA
Layer
RAW MATERIALS

HALEU (high-assay low-enriched uranium) enrichment company positioned to break Russia's monopoly on HALEU supply.

Funding history

RoundAmountDateLead
Series A$50M2025-04Founders Fund
DOE HALEU supply contract award$900M2026-01DOE
Upstream
DOE lease of the former Paducah Gaseous Diffusion Plant site
Downstream
US Department of Energy (HALEU offtake)advanced reactor developers requiring HALEU fuel
Related
Standard NuclearDeep FissionMarathon FusionValar Atomics

Sources

U.S. Department of Energy Awards $900 Million Contract to General Matter (PR Newswire, Jan 2026) ↗Gov. Beshear Joins General Matter To Celebrate Milestone for $1.5 Billion Uranium Enrichment Facility in Paducah ↗General Matter - Wikipedia ↗US uranium enrichment startup emerges from stealth (World Nuclear News, Apr 2025) ↗