Ares Acquisition Corp

Ares Acquisition Corp. operates as a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on January 24, 2020 and is headquartered in New York, NY.

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ROCKVILLE, Md.--(BUSINESS WIRE)---- $AAC #AdvancedNuclear--X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and the U.S. Department of Defense (“DoD” and “the department”) announced today an agreement to an expanded contract under the department's Project Pele initiative to develop a transportable, cost-effective advanced nuclear microreactor prototype for use in remote military locations. X-energy expects to advan.

Department of Defense Expands X-energy Contract for Mobile Microreactor Prototype

Ares Management

ROCKVILLE, Md. & NEW YORK--(BUSINESS WIRE)--X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and Ares Acquisition Corporation (NYSE: AAC) (“AAC”), a publicly-traded special purpose acquisition company, announced today strategic updates to their previously announced business combination. Ares Management Corporation (NYSE: ARES) (“Ares”) has committed to a PIPE investment comprising $50 mill.

X-energy and Ares Acquisition Corporation Announce Additional Committed Capital and Attractive Strategic Updates to Business Combination

NEW YORK--(BUSINESS WIRE)--Ares Acquisition Corporation (NYSE: “AAC.U”, “AAC”, “AAC WS”) (“AAC” or the “Company”) today announced its shareholders approved a further extension of the period of time that the Company has to consummate its proposed business combination (the “Business Combination”) with X-Energy Reactor Company, LLC, a Delaware limited liability company ("X-energy") to November 6, 2023. At the extraordinary general meeting of the Company, holders of 1,392,821 of the Company's Class.

Ares Acquisition Corporation Announces Successful Second Extension and Redemption Results

Ares Acquisition Holdings LP will continue to make monthly deposits directly to the trust account of $0.0255 for each outstanding Class A ordinary share.

Ares Acquisition Corporation Announces Continuation of Monthly Contributions to Trust Account in Connection With Proposed Second Extension

RICHLAND, Wash. & ROCKVILLE, Md.--(BUSINESS WIRE)---- $AAC #AdvancedNuclear--Energy Northwest, a premier provider of carbon-free electricity, and X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, today announced the signing of a joint development agreement (“JDA”) for up to 12 Xe-100 advanced small modular reactors in central Washington capable of generating up to a total of 960 megawatts of carbon-free electricity.

Energy Northwest and X-energy Sign Joint Development Agreement for Xe-100 Advanced Small Modular Reactor Project

X-Energy Reactor Co. and Ares Acquisition Corp. AAC, on Monday lowered the price of their projected business combination by $300 million to $1.8 billion. “By establishing a more attractive entry point for investors, X-energy and AAC believe the revised valuation reinforces the long-term value creation opportunity for, and the companies' alignment with, shareholders,” the companies said.

X-Energy Reactor and Ares Acquisition Corp. cut $300 million off merger price

ROCKVILLE, Md. & NEW YORK--(BUSINESS WIRE)---- $AAC #AdvancedNuclear--X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and Ares Acquisition Corporation (NYSE: AAC) (“AAC”), a publicly-traded special purpose acquisition company, announced today a strategic update to their previously announced business combination agreement that revises the valuation of the transaction. Under the amended terms, X-ene.

X-energy and Ares Acquisition Corporation Announce Strategic Update to Business Combination Terms to Reinforce Long-Term Value Creation Opportunity and Alignment with Shareholders

Dow Inc

Seadrift site's power and steam needs match capabilities of X-energy's Xe-100 small modular reactor Dow and X-energy to prepare and submit Construction Permit applications to the U.S. Nuclear Regulatory Commission Project expected to be complete by the end of the decade MIDLAND, Mich. and ROCKVILLE, Md.

Dow's Seadrift, Texas location selected for X-energy advanced SMR nuclear project to deliver safe, reliable, zero carbon emissions power and steam production

ROCKVILLE, Md.--(BUSINESS WIRE)---- $AAC #AdvancedNuclear--X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, today announced the appointment of Thomas Nixon, a veteran nuclear construction and project management senior executive, as the Company's Senior Vice President for Commercial Operations. Nixon will oversee engineering, licensing, training, and construction activities for X-energy's Xe-100 adv.

Thomas Nixon Joins X-energy as Senior Vice President of Commercial Operations

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ROCKVILLE, Md.--(BUSINESS WIRE)---- $AAC #AdvancedNuclear--X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced modular nuclear reactors and fuel technology for clean energy generation, and Kinectrics, a leading global provider of engineering, testing, and certification services, today announced a partnership to design, construct, and operate one of the first commercial-scale Helium Test Facilities (“HTF”) in North America.

X-energy Partners with Kinectrics for Helium Test Facility

ROCKVILLE, Md.--(BUSINESS WIRE)---- $AAC #AdvancedNuclear--TRISO-X LLC (“TRISO-X”), a wholly owned subsidiary of X-Energy Reactor Company, LLC (“X-energy”) that primarily develops and designs tri-structural isotropic (“TRISO”) particle fuel, today announced the successful test of its coated particle fuel for nuclear thermal propulsion applications, marking a major step toward a one-of-a-kind, nuclear-powered rocket.

TRISO-X Successfully Completes Fuel Test to Power Nuclear Thermal Propulsion in Space

HOUSTON--(BUSINESS WIRE)---- $AAC #AdvancedNuclear--X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, today announced that CEO J. Clay Sell will be speaking on two panels at S&P Global's CERAWeek conference this week in Houston.

X-energy CEO J. Clay Sell to Speak at S&P Global's CERAWeek

ROCKVILLE, Md.--(BUSINESS WIRE)---- $AAC #AdvancedNuclear--X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced modular nuclear reactors and fuel technology for clean energy generation, today announced plans for its first Xe-100 reactor fleet management, monitoring, and training facility in Frederick, Maryland.

X-energy to Open First Plant Support Center for Xe-100 Advanced Small Modular Reactor Fleet

ROCKVILLE, Md.--(BUSINESS WIRE)---- $AAC #AdvancedNuclear--X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, today announced the appointment of Dr. Benjamin T. Reinke to Vice President of Global Business Development. In this new role, Dr. Reinke will develop strategic business partnerships to drive the Company's growth and deployment of its advanced small modular reactor technology.

X-energy Taps Dr. Benjamin Reinke to Drive Customer Growth as Head of Global Business Development

ROCKVILLE, Md. & MIDLAND, Mich.--(BUSINESS WIRE)---- $AAC #AdvancedNuclear--Dow (NYSE: DOW), the world's leading materials science company, and X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced nuclear reactors and fuel technology for clean energy generation, announced today their entry into a joint development agreement (“JDA”) to demonstrate the first grid-scale advanced nuclear reactor for an industrial site in North America. As a subawardee under the U.S.

Dow and X-energy Advance Efforts to Deploy First Advanced Small Modular Nuclear Reactor at Industrial Site Under DOE's Advanced Reactor Demonstration Program

OAK RIDGE, Tenn.--( BUSINESS WIRE )--TRISO-X LLC (“TRISO-X”), a wholly owned subsidiary of X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, marked another step forward in the licensing of its fuel fabrication facility in Oak Ridge, Tennessee, as the Nuclear Regulatory Commission (“NRC” or “Commission”) hosted its first public meeting for the proposed facility. TRISO-X has requested a 40-year license to possess and use special nuclear material to manufacture advanced nuclear fuel at what will be the first-ever commercial-scale fuel fabrication facility focusing on the use of high-assay low-enriched uranium (“HALEU”).

NRC Begins Public Engagement for TRISO-X Advanced Nuclear Fuel Facility License Application

EDMONTON, Alberta & ROCKVILLE, Md.--( BUSINESS WIRE )--X-Energy Canada, Inc. (“X-energy Canada”), a subsidiary of X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and Invest Alberta Corporation (“IAC”) have signed a memorandum of understanding (“MOU”) to develop economic opportunities supporting the potential deployment of the Xe-100 small modular reactor (“SMR”) within the province.

X-energy Canada and Invest Alberta Collaborate to Develop Economic Opportunities in Support of Potential Xe-100 SMR Projects

ROCKVILLE, Md. & BRISTOL, England--( BUSINESS WIRE )--X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, announced that more than 70 British engineering, construction and manufacturing companies this week joined X-energy UK Holdings, a wholly owned subsidiary of X-energy, and deployment partner Cavendish Nuclear, part of Babcock International group, for a program of presentations and meetings in Bristol, to explore how they can support the roll-out of advanced nuclear power stations in the UK.

X-energy UK and Cavendish Nuclear Convene British Suppliers to Support Early Deployment of Advanced Small Modular Reactors

NEW YORK--( BUSINESS WIRE )--Ares Acquisition Corporation (NYSE: “AAC.U”, “AAC”, “AAC WS”) (“AAC” or the “Company”) announced today that the Company's sponsor, Ares Acquisition Holdings LP (the “Sponsor”), will make monthly deposits directly to the Company's trust account of $0.03 for each outstanding Class A ordinary share, par value $0.0001 per share, of the Company, up to a maximum of $1.2 million per month (each deposit, a “Contribution”), in exchange for a non-interest bearing, unsecured promissory note (the “Promissory Note”) issued by the Company to the Sponsor following the approval and implementation of the Extension Amendment Proposal (as defined below) on the terms described below. This announcement is being made in anticipation of the Company's extraordinary general meeting to be held at 9:30 a.m., Eastern Time, on February 2, 2023 (the “Shareholder Meeting”) at which shareholders will be asked to vote on a proposal to amend the Company's amended and restated memorandum and articles of association (the “Memorandum and Articles of Association”) to, among other things, extend the date by which the Company has to consummate a business combination from February 4, 2023 to August 4, 2023 (the “Extension Amendment Proposal”).

Ares Acquisition Corporation Announces Monthly Contribution to Trust Account in Connection With Proposed Extension

ROCKVILLE, Maryland & NEW YORK--( BUSINESS WIRE )--X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and Ares Acquisition Corporation (NYSE: AAC) (“AAC”), a publicly-traded special purpose acquisition company, announced today the filing of a registration statement on Form S-4 (the "Registration Statement") with the U.S. Securities and Exchange Commission (the “SEC”), which contains a preliminary proxy statement/prospectus in connection with the companies' previously announced proposed business combination.

X-energy and Ares Acquisition Corporation Announce Filing of Registration Statement on Form S-4 in Connection with Their Proposed Business Combination

ROCKVILLE, Md.--( BUSINESS WIRE )--X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced small modular nuclear reactor and fuel technology for clean energy generation, announced today a strategic investment from DL E&C (KRX: 375500) and Doosan Enerbility (KRX: 034020) (“Doosan”) of $25 million in a private round of financing pursuant to the Company's previously announced Series C-2 investment round to support the advancement of the global deployment of X-energy's Xe-100 Generation IV advanced small modular reactor.

X-energy Announces Strategic Investment from DL E&C and Doosan Enerbility to Advance the Deployment of the Xe-100 Generation IV Advanced Small Modular Reactor

ROCKVILLE, Md.--( BUSINESS WIRE )--X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of small modular nuclear reactor and fuel technology for clean energy generation, announced today that Chief Executive Officer of X-energy, J. Clay Sell, and Co-Chairman and Chief Executive Officer of Ares Acquisition Corporation, Co-Founder of Ares and Co-Chairman of the Ares Private Equity Group, David Kaplan, will participate in an IPO Edge fireside chat.

X-energy Announces Participation in IPO Edge Fireside Chat

ROCKVILLE, Md.--( BUSINESS WIRE )--X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of small modular nuclear reactor and fuel technology for clean energy generation, announced today that Chief Executive Officer of X-energy, J. Clay Sell, and Co-Chairman and Chief Executive Officer of Ares Acquisition Corporation, Co-Founder of Ares and Co-Chairman of the Ares Private Equity Group, David Kaplan, will participate in a fireside chat at the Shareholder Equity Conference on Tuesday, January 17, 2023 at 11:00 am ET.

X-energy Announces Participation at the Shareholder Equity Conference

Chimera Investment

LAS VEGAS--( BUSINESS WIRE )-- World of Concrete , Informa Markets' premier exhibition serving the construction and masonry industries, today reveals its agenda for the upcoming exposition, slated for January 17-19 with education beginning January 16 at the Las Vegas Convention Center. In its 49th edition, World of Concrete continues to grow as the global hub for construction buyers and sellers, offering more expert-led sessions than ever before to fuel the industry with inspiring interaction. The industry-leading concrete and masonry conference plans to host over 1,000 exhibitors in the expo hall, spanning more than 700,000 square feet of indoor and outdoor exhibit space.

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