Boehlert’s proven capital markets expertise further strengthens the company’s Board leadership as it advances towards the public markets
VANCOUVER, British Columbia, May 21, 2026 (GLOBE NEWSWIRE) -- General Fusion Inc. (“General Fusion” or the “Company”), a leader in the global race to commercialize fusion energy, today announced that Thomas Boehlert was appointed to the Company’s Board of Directors, effective May 12, 2026. In addition to his role as a director, Boehlert was appointed to serve as Chair of the Nominating and Governance Committee as the Company prepares to go public through its previously announced business combination (the transactions contemplated by the business combination, collectively, the “Proposed Business Combination”) with Spring Valley Acquisition Corp. III (NASDAQ: SVAC) (“SVAC”).
Boehlert brings over three decades of experience across industrials, natural resources, agribusiness, power generation, and the energy transition. Most recently, he served as Chief Financial Officer at US Strategic Metals and as a director of Arizona Sonoran Copper Company.
“I’m pleased to join General Fusion at such an important stage in its growth, particularly as it aligns with my interest in companies helping to drive the global energy transition,” said Thomas Boehlert. “Having worked with companies at similar inflection points, I look forward to aligning technical progress with disciplined execution as the business moves from development to deployment.”
“Thomas brings an excellent combination of deep capital markets expertise and hands-on leadership experience to our Board of Directors,” said Greg Twinney, Chief Executive Officer of General Fusion. “His guidance will be invaluable as General Fusion advances our transformational technology toward commercialization, strengthening the governance, controls, and strategic discipline needed for our transition to a public company.”
Boehlert has held a suite of leadership roles throughout his career, including CFO of Bunge Limited, CFO of Kinross Gold, and CEO of First Nickel, among earlier CFO roles in the power sector.
“We are very pleased to welcome Thomas to the Board at such a pivotal point in the company’s evolution,” said Klaas de Boer, Chair, General Fusion Board of Directors. “His counsel will be invaluable as we position the business for long-term, scalable success. We look forward to working closely with him and benefiting from his judgment, discipline, and experience as we navigate the opportunities and responsibilities that come with being a public company.”
About Thomas Boehlert
Boehlert is an experienced public company executive and director, having served as both CEO and CFO across the industrial, natural resources, agribusiness, power, and energy sectors. He has held senior roles including CFO of US Strategic Metals, EVP & CFO of Bunge Limited, CFO of Kinross Gold, and CEO of First Nickel, as well as earlier CFO positions in the power sector.
Across his executive career, Boehlert has led portfolio reshaping, capital structure optimization, and operational improvements through periods of market volatility and strategic change.
He also brings significant board experience, serving as Audit Committee Chair, Compensation Committee Chair, and a Special Committee member for public companies, with a focus on governance, capital allocation, and major transactions, including IPOs and strategic reviews.
Quick Facts:
- General Fusion’s Magnetized Target Fusion (“MTF”) is designed to solve significant barriers to commercializing fusion energy at a time when electricity demand is surging, and nations around the world are racing to commercialize fusion power.
- As a technology, MTF aims to achieve fusion in a practical way, avoiding superconducting magnets and high-powered lasers, while enabling the use of existing materials for durable machines that would produce cost-effective energy.
- In early 2025, General Fusion announced that it had designed, built, and begun operating its world-first Lawson Machine 26 (“LM26”) fusion demonstration machine in under two years. LM26 is the first MTF demonstration machine to be built at a commercially relevant scale. It mechanically compresses plasma with a lithium liner at 50% commercial-scale diameter.
- LM26 aims to achieve key fusion technical milestones: plasma heating to 1 keV (10 million degrees Celsius), then 10 keV (100 million degrees Celsius), and ultimately the Lawson criterion, the combination of fusion parameters that can produce net fusion energy in the plasma.
About General Fusion
General Fusion is pursuing a fast and practical approach to commercial fusion energy and is headquartered in Vancouver, Canada. The Company was established in 2002 and is funded by a global syndicate of leading energy venture capital firms, industry leaders, and technology pioneers. Learn more at www.generalfusion.com. General Fusion announced in January 2026 that it plans to go public through the Proposed Business Combination with Spring Valley Acquisition Corp. III (NASDAQ: SVAC).
About Spring Valley Acquisition Corp. III
Spring Valley Acquisition Corp. III is a part of a family of investment vehicles formed for the purpose of acquiring or merging with a business focused on the Power infrastructure and Decarbonization sectors. Over the past 5 years, Spring Valley has raised $920 million in four IPOs. Spring Valley I successfully completed its business combination with NuScale Power, a leading U.S. small modular reactor (“SMR”) technology company, and Spring Valley II successfully completed its business combination with Eagle Nuclear Energy Corp., a next-generation nuclear energy company with rights to the largest open pit-constrained measured and indicated uranium deposit in the United States. SVAC maintains a corporate website at https://sv-ac.com.
