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General Fusion, a Canadian fusion energy company, plans to go public with a $1 billion valuation through a merger with Spring Valley Acquisition Corp, making it the first publicly traded pure-play fusion energy firm. The deal, which includes $105 million in PIPE investments and $230 million from Spring Valley's trust capital, aims to finance the Lawson Machine 26 (LM26), a demonstration machine for Magnetized Target Fusion. General Fusion has raised over $400 million since its inception and holds more than 210 patents, signaling a growing feasibility for commercial fusion energy.