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Interview on AMFN with Executive Chairman of American Fusion, Brent Nelson

Small Cap Stocks Today · 2026-06-05 · 20 min

0:00--:--

Key moments - from our scoring

Substance score

18 / 100

Five dimensions, 20 points each

Insight Density3 / 20
Originality4 / 20
Guest Caliber3 / 20
Specificity & Evidence6 / 20
Conversational Craft2 / 20

American Fusion Inc. (OTC: AMFN) is advancing the Texatron, a neutronic fusion reactor that generates electricity directly from plasma fusion without radioactive byproducts. Unlike competing fusion approaches using deuterium-tritium reactions, the Texatron uses deuterium and helium-3 fuel to create an aneutronic reaction - producing little to no radiation - making it suitable for distributed deployment in homes, data centers, industrial facilities, and remote locations like mining operations. Executive Chairman Brent Nelson discusses the company's nine-year development timeline under Dr. Brandenburg (a 40-year fusion veteran from Lawrence Livermore, NASA, and Los Alamos), their transition from prototype to a 5-megawatt pre-production model coming off assembly lines, and regulatory advantages: the aneutronic design bypasses NRC federal oversight, instead falling under Texas state health services jurisdiction. The company claims approximately 30 patents pending, 300 in development on their foundational patent, and expects to achieve deuterium-helium-3 fusion testing by end of August 2026. This episode targets investors evaluating early-stage fusion plays, particularly those interested in decentralized energy infrastructure and understanding why Texatron's radiation-free approach differentiates it from competitors like Helion Energy.

Key takeaways

  • →The texatron uses deuterium and helium-3 fuel in a magnetic coil to create aneutronic fusion with little to no radiation, differentiating it from competitor approaches that generate radioactive byproducts.
  • →American Fusion claims a 3-4 year competitive advantage over rivals like Helion, with plans to achieve fusion light by end of June and full deuterium-helium-3 testing by August-September 2026.
  • →The technology has over 1,000 potential terrestrial applications ranging from data centers (which run on 800V-1500V DC) to mining operations, with a pre-production 5-megawatt unit coming off the assembly line during the interview.
  • →The company has approximately 30 patents pending and 300 in development on the foundational patent, with a second foundational patent recently filed expected to generate hundreds more applications.
  • →The aneutronic approach eliminates NRC federal oversight for Texas operations, allowing the company to work with the Texas Department of State Health Services instead of navigating full nuclear regulatory certification.

In this episode

  1. 1American Fusion Inc. Overview and Texatron Technology
  2. 2Aneutronic Fusion Engine and Non-Radioactive Design
  3. 3Development Progress and Prototype Evolution
  4. 4Pulse Fusion Reaction and Energy Harvesting
  5. 5Market Applications and Competitive Advantage
  6. 6Patent Portfolio and Development Timeline
  7. 7Testing Milestones and Near-Term Goals

Mentioned

American Fusion Inc.TexatronBrent NelsonDr. BrandenburgHelionMicrosoftChatGPTLawrence LivermoreNASALos Alamos

Guests

Brent Nelson

Topics in this episode

NASALawrence LivermoreAmerican Fusion Inc.Texatron fusion engineAneutronic fusionDeuteriumHelium-3Helion EnergyLos AlamosDr. Brandenburgdeuterium and helium-3 fuelmagnetic plasma confinementdata center power requirements

Questions this episode answers

What fuels does the Texatron fusion engine use and why is that better than other fusion approaches?

The Texatron uses deuterium and helium-3, which create an aneutronic fusion reaction - producing little to no radiation. Other fusion companies use deuterium-tritium reactions, which generate excess neutrons and radioactivity, requiring expensive shielding, bunkers, NRC certification, and equipment hardening.

What is the current development stage of American Fusion's Texatron reactor?

The company has built nine prototypes over nine years, with the last being a 0.5-megawatt unit. Their first pre-production 5-megawatt model recently came off the assembly line and is expected to undergo deuterium-helium-3 fusion testing by end of August or September 2026.

How does the Texatron generate electricity without using water and steam turbines?

The Texatron uses a pulsed fusion reaction that creates a shockwave within a magnetic field, generating electrons directly. The energy is harvested through a proprietary method, passed into a capacitor bank, and converted to the required power output - making it ideal for data centers needing DC current at 800v or higher.

What regulatory advantage does American Fusion have over other fusion energy companies?

Because the Texatron is aneutronic and produces no significant radiation, the NRC deferred jurisdiction to the state of Texas. American Fusion deals with the Texas Department of State Health Services instead of federal NRC certification, which is faster and less complex than the radioactive fusion path competitors follow.

How many patents does American Fusion have and what is their value trajectory?

The company has approximately 30 patents pending and 300 in development on their foundational patent. They recently filed a second foundational patent for the same technology in different configurations; their patent attorney believes they will have over 1,000 patents pending within one to two years.

What our scoring noted

Our reviewer’s read on each dimension, with quotes from the episode.

Insight Density

3 / 20

The episode is almost entirely promotional puffery for a speculative OTC stock. Technical claims are vague analogies (plasma like a 'toilet paper tube made of electricity') and business insights are nonexistent; no operator would walk away with an actionable idea.

we think that uh, this technology is a paradigm shift in electrical energy
we have a game changing technology that was developed within an aerospace company and it was originally designed to power an interstellar spacecraft

Originality

4 / 20

The only mildly interesting framing is the 'fusion has been 20 years away forever, we say it's 20 years too late' line, but this is a well-worn quip in fusion circles. Everything else is standard pre-revenue startup promotional narrative with no first-principles thinking.

they've been saying that Fusion energy has been 20 years into the future, forever. We're saying it's 20 years too late
we think that uh, this technology is a paradigm shift in electrical energy

Guest Caliber

3 / 20

Brent Nelson is a self-described commercializer for a tiny OTC penny stock company whose interview was likely paid for per the disclaimer. He defers all science to Dr. Brandenburg and offers no demonstrated track record of scaling a business, making him essentially a promotional figure rather than a practitioner.

what I do is I try to commercialize technology
The guests of this program may have paid for its distribution

Specificity & Evidence

6 / 20

There are some concrete numbers scattered throughout (0.5 MW prototype, 5 MW pre-production unit, 200 million degree plasma, 45 cents/kWh, 30 patents pending, end-of-June timeline), but they are entirely self-reported, unaudited, and presented in a paid promotional context with zero third-party verification or financial data.

the last prototype we built was a 0.5 megawatt version. And it's about the size of a dinner plate
they're paying 45 cents a kilowatt hour

Conversational Craft

2 / 20

The host is relentlessly sycophantic, actively encouraging listeners to invest ('If you think it's too good to be true, you're wrong'), reads back the guest's own claims as questions, and never once challenges an extraordinary claim. There are zero follow-up probes on financials, burn rate, or regulatory risk.

If you think it's too good to be true, you're wrong
You got me excited on here to go ahead and do more due diligence on this company

Conversation analysis

Computed from the transcript - who did the talking, and the words that came up most.

Share of words spoken

  • Brent Nelsonguest61%
  • Dave Donlinhost24%
  • Dave Donlinhost9%
  • Speaker E4%
  • Narrator2%

Most-used words

fusion31brent13energy12technology12today10small9stocks9back9american8creates8couple8dave7texatron7building7competition7applications6

Episode notes

Host Dave Donlin talks to Brent Nelson, Executive Chairman of American Fusion Inc. Ticker AMFN. Website - AmericanFusionEnergy.com. American Fusion Inc. is an advanced energy platform company focused on developing and commercializing next-generation fusion energy technologies. The Company is advancing the Texatron™ Fusion Engine™, a neutronic fusion platform, designed for modular, infrastructure-grade deployment across industrial, commercial, and grid-constrained applications. The Company’s development strategy emphasizes system-level engineering, disciplined intellectual property protection, and scalable architectures intended to support long-term commercial operation, while maintaining a focus on capital discipline and transparent corporate governance. The conversation includes fusion energy, its competitors, company patents, anticipated timelines upcoming in 2026 for AMFN, the Texatron Fusion engine and its limitless applications and more!

Full transcript

20 min

Transcribed and scored by The B2B Podcast Index.

Narrator: This is Small Cap Stocks Today, your best source for information on small cap stocks coast to coast with your host, Dave Donlin. Now from the Stock Investor Daily Studios, here is Dave Donlin.

Dave Donlin: And yes, this is Small Cap Stocks Today. I'm Dave Donlin. Once again, thank you for joining us here on this particular podcast. We promised you updates and new additions and here's another one we where we're featuring American Fusion Inc. Trading on the OTC under the ticker symbol AMFN M. American Fusion Inc. Co. Is an advanced energy platform company focused on the development and commercialization of next generation fusion energy technologies. The company is advancing the texatron fusion engine. That's a neutronic fusion platform designed for modular infrastructure grade deployment across its industrial, commercial and grid constrained applications. The company's development strategy emphasizes system level engineering, disciplined intellectual property protection and scalable architectures intended to support long term commercial operation while maintaining a focus on capital discipline and transparent corporate governance. The uh, website, please take a look at this company and do your own homework. This texatron is really super interesting technology and, and the company is fascinating. Uh, fusion energy is coming and you could take a look at the company at americanfusionenergy.com with me is my special guest. Joining us, Brent Nelson, Executive chairman of American Fusion.

Dave Donlin: And Brent Nelson, once again, welcome back to the program, Brent. Uh, we're here to talk about American Fusion Inc. The ticker symbol is AM M fn and the website is americanfusionenergy.com great to have you back, Brent. It seems that every time you come back you have something else to speak about better than the last thing you spoke about. And today we're talking about Fusion energy. For our listeners, um, that are, that are checking us out here on this particular podcast, give us a brief overview of American Fusion Inc.

Brent Nelson: Okay, thanks for having me Dave. And uh, brief overview is what we have is we have a game changing technology that was developed within an aerospace company and it was originally designed to power an interstellar spacecraft. And so what we did is we got into the application of things in space. The lunar bases, the Martian bases, uh, how to power an airplane, how to make things move around, et cetera. But what we've ended up doing is found out that we have uh, over 1,000 terrestrial uses which is, you know, powering everything, you know, whether it's a, uh, house or a boat or a car or a train or a submarine or any, any one of a number of different applications. So what we're doing is building the, building out the different applications. And so what we're doing is we're building 10 models of a textatron. Uh, right now it's an, a neutronic fusion reactor. Um, we think that, you know, technology goes for, you know, a hundred thousand years and then somebody rubs two sticks together and they invent fire. And so we think that uh, this technology is a paradigm shift in electrical energy. And we, you know, we're going to be the, hopefully the first to commercialize and the first to uh, put it out in the marketplace.

Dave Donlin: Super fascinating stuff. And anybody who's listening needs to listen to the rest of this interview because there's a. We're just touching the tip of the iceberg here. So the texatron fusion engine, um, according to some of the homework I've done, it was born out of an aerospace company, uh, Brent. And it's the actual, uh, the fusion engine. It's non radioactive and you don't have to turn water into steam. It makes electricity on the fly.

Dave Donlin: Is all of this correct?

Brent Nelson: Yeah, that's correct. Uh, Dave, what we do is the plasma within, uh, is held within a magnetic coil. The plasma is very, very hot, uh, in the neighborhood of 200 million degrees or even hotter. Uh, we use two fuels, deuterium and helium 3, which when they combine, it's an aneutronic, uh, reaction which means little or no radio, radio radiation. It's is generated. So even with deuterium, deuterium or deuterium tritium, that it creates a lot of excess neutrons and that's considered radiation. So, uh, in our reaction, it's really little to no radiation at all. And we um, think that's the way to go in the marketplace. You know, people don't want a, you know, a fusion reactor in their backyard. Why? Because, you know, know it creates radioactivity. Everybody in the marketplace that's building so far look, uh, like they're building radioactive,

Dave Donlin: um,

Brent Nelson: material, uh, or using radioactive materials to create their fusion. Um, they do that probably because it's easier, it's got less temperature, but it's, but it's still, uh, effective. But radiation is hard on parts. It's hard on, you know, all the equipment is hard on shielding and uh, you have to, you know, do it in a bunker and everything has to be monitored. And you know, the NRC is involved in getting certification and all that kind of stuff. Whereas ours being a neutronic, the NRC said talk to Texas. They're a licensed state. So we're dealing with the Department of State Health Services, which is in charge of any, uh, nuclear Reaction or nuclear materials here in Texas.

Dave Donlin: Wow. So you, you actually Brent, you've been building it for about eight years. Um, you're on prototype number nine. Again, any of this information wrong, just please correct me. And then the um, the kind of like the quote unquote so called wizard behind all of this who's uh, been working on this for his lifetime, is Dr. Brandenburg. Correct?

Brent Nelson: Yeah, Dr. Brandenburg. This is really a life's work for him. I mean he's been at this for 40 years. He was at Lawrence Livermore, he was at NASA. You know, he worked on, you know, on dark projects, you know, uh, for the government in D.C. he uh, you know, worked, worked at ah, Los Alamos. So he's had that experience and everywhere he's gone he's kind of worked on fusion. So this is the culmination of uh, really 40 years of work. Um, he started working with us about nine years, nine or ten years ago now. And um, you know, now, you know, what I do is I try to commercialize technology. So for nine years we've been developing it, uh, working on different prototypes going up. And what we've done is we've now created our first pre production model. So we have nine prototypes. And uh, Davy, you're right on that. And we have um, the last prototype we built was a 0.5 megawatt version. And it's about the size of a dinner plate. So this one's uh, a couple of feet, well, two and a half feet in diameter or so. And this will generate 5 megawatts. And that one is actually coming off the assembly line as we talk. The uh, um, fabricator, um, called us a couple weeks ago and said okay, we're ready. Uh, Dr. Brandenburg is actually at the fabricator today checking out the final uh, parts and pieces and dimensions and machining that had to be done. And he'll be back in um, uh, Fort Worth and South Lake Westlake, uh, over the overnight tonight. He'll be back at work tomorrow.

Dave Donlin: Fascinating stuff, Brent. Um, so you think, do you believe fusion energy? You think that's the next big leap?

Brent Nelson: Yeah, I really do. I think that um, you know, by creating this fusion reaction within a magnetic coil, uh, it's, it's really like think of a toilet paper tube made out of electricity. You can't see it. It's a magnetic field. And what it does is it confines the plasma. So when you cause a pulse, which, you know, we do a pulse, uh, fusion technology, when it does a pulse, it puts pressure on the magnetic field and creates Excess uh, electrons. So we don't have to heat water and create steam and turn a turbine or anything like that. We harvest the energy on the back of the texatron, uh, through a, a very proprietary way that we do it. And um, we can turn that power, you know, after it goes into a capacitor bank, into um, whatever power is needed. Like for instance, a um, data center now, or most data centers now are running on 800v DC. In a couple of years they're going to go to 1500 watts or volts. So um, you know, it's a DC current. It creates a DC current. It's a pulse, uh, reaction. So it's, it creates, you know, imagine a shock wave or if you can imagine a, ah, heart, uh, EKG creates a wave. So it's the same thing with a texatron. You know, it creates a pulse and the pulse, um, creates, generates a wave. And uh, you have to capture that wave and harness uh, that energy. And that's, that's how we do it.

Dave Donlin: So, so it's 20, 26 right now. And uh, as we all know, uh, right now. Why are you able, Brent, why are you able to actually do this now?

Brent Nelson: Well, the reason, the, the primary reason that we can do it now is three or four years ago, the switching that we had to deal with was like an old radio too, you know, so we had to um, use this antiquated technology and try to make it work really fast. Now with the you know, advent of uh, uh, data, uh, center evolvement of technology, they're m. They're making now solid state switching, which are so much better, so much faster, so so much more powerful to, you know, uh, accept our shockwave and put it into our system.

Dave Donlin: Fascinating. Now the uh, the technology you have, and we're talking about this texatron fusion energy, uh, well, the engine, Texatron uh, fusion engine. Um, does your technology. Do you think it has limitless applications right now? I mean, my understanding is it could be used in multiple, uh, multiple industries, multiple sectors.

Brent Nelson: Yeah, we're finding multiple applications every day. You know, for instance, a mining company flew us up towards the North Pole a few weeks ago. They're looking for 12 to 15 megawatts of power. We said, okay, let's build a 20 megawatt reactor. And if you have excess power, you can either sell it back to the community or you can, you know, sell it to the indigenous people. And, and it's a win, win, win because they're paying 45 cents a kilowatt hour. Now and anything under that is, is a win for everybody.

Dave Donlin: Wow. So, um, the, the actual um, the company right now as far as competition goes, do you feel, do you know, you think there's any competition out there currently in the marketplace other than you guys? When we're talking about Fusion Energy, really

Brent Nelson: our only competition, uh, out there, the only guys doing the same thing that we are as far as the same two fuels, is a company called Helion out of Washington state. And so they have their technology. It's similar with what they're trying to do as far as creating the fusion, um, they just uh, you know, they've received a whole bunch of money from Microsoft or ChatGPT, etc. But uh, we think they're going down the wrong road. And that's just our opinion. And um, they're welcome to do what they're doing. But you know, we, we believe that once we get this uh, 5 megawatt unit back to uh, for the Fort Worth area and get it into our shop, you know, within a couple of weeks, Brandenburg, uh, Dr. Brandenburg says that we'll, we can make fusion light and by the end of this summer we'll be doing deuterium and helium 3 fusion. So we'll have, by that time we'll have all the international testing equipment in house. We'll have uh, when we, when we uh, come out to the world, we'll be able to have it peer reviewed by, you know, we'll have a couple of PhDs there with clipboards, watching everything that we do, taking notes and making sure it's internationally, uh, acceptable. When we built it the first time, the half megawatt unit, we had our own equipment and everything else. So it's uh, it's building the same thing, but it's about, you know, ten times more powerful.

Dave Donlin: Um, the reason I'm asking about competition obviously is because I'm curious to see if you have any kind of lead time over competition in the market. So you know, if you have a year, two, three years, that's huge amount of time to have over any particular competition or any upcoming, you know, companies that are looking to go and do the same thing.

Brent Nelson: Well, they've been saying that Fusion energy has been 20 years into the future, forever. We're saying it's 20 years too late, which is kind of. I, I think I've heard other people in the industry say that. So as far as our competition is concerned, we think or we believe that we probably have a three or maybe even a four year head start or not head Start, but um, for you know, a four year or three year um, advantage getting to the finish line, our finish line we think we can hit by the end of August. Earlier in the year we thought it was going to be towards the end of the year, but now it's, you know, end of August, September time frame only because our, our pre production model came out of the fabricator in almost perfect shape.

Dave Donlin: We, I got a couple, um, couple more questions left. I know I could talk to you for hours on this subject, but uh, as far as the time allotted and you got other things to go into here too, but a couple of quick questions, uh, to follow up. So as far as the company recently just put out news on patents. You want to comment about the patents, the company has, any kind of a valuation they may have on them at this time, Any, anything you want to put out there?

Brent Nelson: Well, what we have is we have uh, 30 or 30 or so approximately 30 patents pending and we have approximately 300 patents in development on our basic first foundational patent. We now have just filed a second foundational patent which is for uh, it's the same technology in a different, um, configuration, let's call it that. And this, this patent will have hundreds, you know, literally hundreds more applications attached to it. So um, our patent attorney, Michael, uh, Smith thinks that, you know, within a year or two we'll have over a thousand patents, you know, pending.

Dave Donlin: As far as testing goes, I'm, I'm just guessing that testing is vital for this. What, what's the very latest that's out there? Where do you stand right now in the testing? And, and I know you said August as a timeframe. Um, I personally would hold you to that. But I mean, what direction are you going here as far as, you know, before the year's over?

Brent Nelson: Well, I was going to say if we're lucky, we'll be making fusion light by the end of June. So that, that's kind of our short term goal and our longer term goal is to have helium 3 and deuterium tested in the 5 megawatt unit by the end of summer. So whether that's the end of August or sometime in September, that's what, that's what we're hoping to get. And so no, so that's kind of our time schedule. It was till the end of the year, but um, like I said before, you know, it came out so perfect. We're, we're getting started right away.

Dave Donlin: You got me excited on here to go ahead and do more due diligence on this company. So I mean, the, the website, americanfusionenergy.com go check that out. And if you think it's too good to be true, you're wrong. Uh, take a look at the oil industry. Take a look at all the companies leaving opec. That is turning into the dinosaur and they all know it. And this is the direction, at least the possibility of a direction of where we're going. And so we're talking Fusion Energy here with Brent Nelson, Executive chairman of American Fusion Inc. Brent, thank you so very much for coming back on. Hopefully we could talk more about this subject.

Brent Nelson: Okay, great. Great to be here, Dave. Thanks very much. And, uh, good to stay in touch. Thank you.

Dave Donlin: Awesome, Brent. Thank you so very much, Brent.

Dave Donlin: And the company name again, American Fusion Inc. Trading on the OTC AM M fn My thanks to our special guest, Brent Nelson, executive chairman of American Fusion, for joining us today. Don't forget, go to the website, take a look for more information. AmericanFusionEnergy.com Join us again for another edition of Small Cap Stocks Today podcast heard on Spotify, SoundCloud, iTunes and TuneIn platforms. And thank you for joining us. Have a great day in the market.

Narrator: You have been listening to Small Cap Stocks Today. Your best source for information on Small Cap stocks Coast to coast with your host, Dave Donwan. Join us again soon for another edition of Small Cap Stocks today.

Speaker E: This program is entirely produced and sponsored by Survel Group which is responsible for the content, opinions and information provided on this program are those of the guests and those of the respective companies they represent and do not necessarily reflect those of the staff or management of Survel Group. Small Cap Stocks Today encourages all listeners of this program to do their due diligence and research when determining investment strategies that will work for them or to seek the assistance of an investment professional. The guests of this program may have paid for its distribution and are not directly affiliated with Survel Group or Small Cap Stocks Today.

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