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Fermi America™ Announces Execution of an Advance in Aid of Construction Agreement for $150 Million with its First Prospective Client

1. Fermi America signed a $150 million AIAC with a prospective client. 2. Over 2 miles of 24” water pipe installed, covering 40% of the route. 3. Fermi develops cutting-edge private electric grids for AI energy needs. 4. Project Matador integrates various clean energy sources for extensive power supply. 5. Rick Perry and Toby Neugebauer head Fermi's innovative leadership team.

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FAQ

Why Bullish?

The significant AIAC signals strong demand and revenue potential, akin to prior contract successes that boosted stock prices.

How important is it?

The AIAC's substantial value and prospective client engagement signal growth potential for FRMI, making it highly relevant.

Why Long Term?

As construction progresses on Project Matador, long-term revenue growth and market confidence should improve, similar to other energy sector projects.

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NEEDUKAESSRE
, /PRNewswire/ -- Fermi America (Nasdaq: FRMI) today announced the execution of an Advance in Aid of Construction Agreement (AIAC) for $150 million with its first prospective client.For media inquiries, please contact: Lexi Swearingen [email protected]  Fermi America has installed over 2 miles of 24” water pipe - 40% of the total right-of-way line. About Fermi America   Fermi America™ (Nasdaq: 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.    Forward-looking Statements This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategy, future operations, financial position, prospects, plans and objectives of management. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "will be," "will likely result," "should," "expects," "plans," "anticipates," "could," "would," "foresees," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," "outlook," or "continue" or the negative of these words or other similar terms or expressions. These forward-looking statements are not guarantees of future performance, but are based on management's current expectations, assumptions, and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct. Our results could be materially different from our expectations because of various risks. SOURCE Fermi America

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