SMR / advanced-reactor race — HALEU & fuel-chain execution critical [developing]

SMRs gated by HALEU/LEU: Terrestrial IMSR $292M DOE OTA HALEU Jul'26 criticality; Antares Mark-0 DOE DSA Jul4'26; BWXT Erwin pre-app Q1'27 $1.5B DUECE/ORNL HALEU; Fluor X-energy TX Dow Seadrift 4x80MW PMC FEL-2 NRC Q1'26; TerraPower Natrium WY permit; NANO KRONOS MMR CPA filing; Oklo Aurora pre-app; GVH-Afry BWRX-300 Sweden/TVA; NRC Part 53 + risk-informed Mar25; recycling EIRP Oklo Oak Ridge DOE RFI; DOE FY27 $45B HALEU+12%; Oklo-Centrus JV; stocks BWXT/Centrus/NANO/Oklo.