Oak Ridge, Tennessee, Feb. 26, 2026 (GLOBE NEWSWIRE) — LIS Technologies Inc. (“LIST” or “the Company”), a proprietary developer of advanced laser technology and the only USA-origin and patented laser uranium enrichment company, today announced plans to develop its commercial laser enrichment facility, named the LEU-3 Facility, on LIST Island as part of Project F.U.E.L (Future Uranium Enrichment with Lasers), subject to licensing, permitting, and final investment decisions.
Figure 1 – LIS Technologies Inc. (LIST) plans to develop its commercial laser enrichment facility, named the LEU-3 Facility, on LIST Island as part of Project F.U.E.L (Future Uranium Enrichment with Lasers)
The Oak Ridge facility, named the LEU-3 Facility, is intended to become the world’s first US-origin commercial laser uranium enrichment plant and will serve as the Company’s headquarters to host Project F.U.E.L, which is designed to commercialize the Company’s proprietary, patented and U.S.-origin laser isotope separation technology in support of U.S. utilities, next-generation advanced small modular and microreactor developers, and national defense requirements.
Figure 2 – LIS Technologies Inc. team plans to develop its commercial laser enrichment facility, named the LEU-3 Facility, on LIST Island as part of Project F.U.E.L (Future Uranium Enrichment with Lasers)
Located within the former East Tennessee Technology Park (ETTP), the site of the historic K-25 gaseous diffusion plant, the recently purchased, $8 million LIST Island is widely regarded as one of Oak Ridge’s most strategic industrial parcels. The 206-acre site is uniquely situated as a peninsula bordered by the Clinch River and Poplar Creek, providing natural geographic buffering and controlled access well suited for sensitive nuclear operations.
Figure 3 – LIS Technologies Inc. Rendering of LEU-3, the home Project F.U.E.L (Future Uranium Enrichment with Lasers)
The property was made available for redevelopment through U.S. Department of Energy (DOE) cleanup and reuse programs, which transformed legacy nuclear land into a premier location for advanced commercial and national security missions. Its proximity to Oak Ridge National Laboratory, the Y-12 National Security Complex, and a highly skilled nuclear workforce further strengthens its suitability for advanced nuclear manufacturing.
“Securing LIST Island is a foundational step in our commercial strategy that now enables us to move forward with Project FUEL and support the revitalization of the United States’ nuclear power goals,” said Jay Yu, Executive Chairman and CEO of LIS Technologies Inc. “It is a strategic investment in America’s energy security, a commitment to Oak Ridge’s nuclear legacy, and a platform for building the world’s first commercial laser uranium enrichment facility that will play an important role in the support of the U.S.’s current fleet of 94 nuclear reactors, as well as the next generation of advanced small modular and microreactors currently in development and national defense requirements.”
The Company’s proprietary Condensation Repression Isotope Selective Laser Activation (CRISLA) technology is a proven U.S.-origin and patented advanced laser enrichment solution. Optimized for Low-Enriched Uranium (LEU), which is crucial for the continued operation of the United States’ current fleet of 94 nuclear reactors, and High-Assay Low-Enriched Uranium (HALEU), which is required to power the next generation of advanced nuclear reactors. CRISLA overcomes many of the complexities and limitations of traditional 16um CO2 lasers, featuring a streamlined design due to its lower absorption and shorter wavelength at 5µm. The CRISLA-3G laser isotope separation technology was recently evaluated and determined to meet all elements required for TRL-4, and meets 60% of the TRL-5 elements, conforming to the Department of Energy guide DOE G 413.3-4A and is protected by a patent from the United States Patent and Trademark Office (USPTO).
Figure 4 LIS Technologies Inc. Rendering of LEU-3, the home of Project FUEL. of Project F.U.E.L (Future Uranium Enrichment with Lasers)
“The LEU-3 Facility and Oak Ridge provide an ideal setting for Project FUEL, and we are pleased to embark on this next phase of the Company’s growth,” said Christo Liebenberg, President and Co-Founder of LIS Technologies. “Our proprietary, U.S.-origin technology is well aligned with national efforts to restore domestic uranium enrichment capabilities, and its continued development and eventual commercialization have the potential to contribute meaningfully to the future growth of the U.S. nuclear energy sector. The expertise available in the Oak Ridge ecosystem is a perfect fit for us as we embark on this journey.”
LIST has already initiated the Nuclear Regulatory Commission (NRC) licensing process for its commercial laser uranium enrichment facility, marking a significant regulatory milestone. Subject to licensing, permitting, and final investment decisions, the company intends to break ground and begin site preparation and civil construction in 2026. The Company also continues to collaborate closely with U.S. DOE and other federal partners to best align with national objectives to accelerate enrichment capacity, enhance technology diversity, and strengthen supply-chain resilience.