In Response to Inquiries from London Press, Fermi America™ Confirms Company in Discussions for $4+ Billion in Project Financing for First Tenant

AMARILLO, Texas, Nov. 25, 2025 /PRNewswire/ -- In response to inquiries from London press, Fermi America™, (Nasdaq: FRMI) (LSE: FRMI) today confirmed the company is in discussions for $4+ billion in project financing for its first tenant.

The project financing is projected to be non-recourse financing through a special purpose vehicle (SPV).

For media inquiries, please contact: 
Lexi Swearingen 
Media@FermiAmerica.com 

About Fermi America
Fermi America™ (Nasdaq: FRMI) (LSE: FRMI) (https://fermiamerica.com/) is pioneering the development of next-generation private electric grids that deliver highly redundant power at gigawatt scale, required to create next-generation artificial intelligence. Co-founded by former U.S. Energy Secretary Rick Perry, and Co-founder and former Co-Managing Partner of Quantum Energy, Toby Neugebauer, Fermi America™ combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders to create the world's largest, 11 GW next-gen private grid. The behind-the-meter Project Matador campus is expected to integrate the nation's biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to deliver hyperscaler artificial intelligence.

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SOURCE Fermi America