Evidence: Phase I CAPEX $276M base case. Federal target ~$1.7B across DOE FECM/ARPA-E MINER, NSF SCC, DOE ASCR, DARPA I2O, USDA. DOE Geothermal Technologies Office LOI submitted. PR Renewable Energy Initiative draft prepared. Bond issuance Year 3 Q1-Q2 target: $4M Senior + $2M Zero-Coupon + $2M Revolver. Gate 4: ≥3 LOIs/MOUs by Month 4. Gate 5: $2.0M equipment commitment contingent on Gate 4. Byproduct margins pilot-validated: Fe 45%, Gypsum 55%, LiFePO₄ 42%, Silica 38%.
Implication: Capital strategy is a seven-step sequence gated by evidence, not a wish list. Each instrument has different applicant, underwriting standard, security, covenant, reporting burden, repayment source, and failure consequence. Federal funding de-risks development through non-dilutive grants. Cross-ownership preserves founder control while enabling institutional-grade operations. No securities offered on this page.
Boundary: Research program only — no completed legal formation, secured funding, regulatory approval, or operational launch. No published valuation, round, minimum cheque, revenue figure, fleet, facility capacity, or liquidity claim. All capital figures are planning estimates, not vendor quotes. The non-dilution mandate is a structural constraint, not a preference that can be waived.
Capital Lens
Moat: Six-entity cross-ownership with Act 60 tax structure (4% corp tax, 0% cap gains, 0% property tax) preserves founder control via super-voting governance in RË Corp. Funding is restricted to non-dilutive capital only — grants, public loans, bonds, internal cash flow. Phronesis middle-office architecture separates planning from execution (Hermes) and custody. Traction: DOE Geothermal LOI submitted. PR Renewable Energy draft prepared. 14 project pipelines with federal eligibility mapped. Accounting Workbook operable. Ast live civic workspace. Upside: Federal target $1.7B across 7 agencies/programs. Byproduct margins validated at pilot scale. Jones Act arbitrage ($40/t→<$12/t) via Hermes logistics. Phase I CAPEX $276M base designed to stand without premium metal hit.
Early Work, No Public Offering
Nodo's public sites describe a mixture of local software, prototypes, games, research material, and planning concepts. They do not constitute an offer to sell securities, a solicitation to invest, a promise of returns, or a statement that proposed physical operations are operating.
There is no published valuation, round, minimum cheque, revenue figure, fleet, facility capacity, or liquidity claim on this page. All capital figures are planning estimates inferred from access model and scope, not vendor quotes. Base case designed to stand without premium metal hit. Phase I requires federal funding commitment before bond issuance.
Key Metrics with Source References
| Metric | Value | Source |
|---|---|---|
| Pluoton Phase I CAPEX (24 mo, 20% contingency) | $6.18M | Internal planning model |
| Pluoton Stages 3-4 Capital | $19.75M | Internal planning model |
| Federal Funding Target (DOE, DOD, NSF, USDA) | ~$1.7B | Internal planning model |
| DOE Geothermal Technologies Office LOI | SUBMITTED | Internal planning model |
| PR Renewable Energy Initiative | DRAFT PREPARED | Internal planning model |
| Bond Issuance Target (Year 3 Q1-Q2) | $4M Senior + $2M Zero-Coupon + $2M Revolver | Internal planning model |
| Gate 4 Target (Month 4 / Day 60) | ≥3 LOIs/MOUs | Internal planning model |
| Gate 5 Trigger | $2.0M equipment commitment contingent on Gate 4 | Internal planning model |
| Byproduct Margins (pilot-validated) | Fe 45%, Gypsum 55%, LiFePO₄ 42%, Silica 38% | RE/analysis.html:103-133 |
| Primary Mineral Revenue Ranges (annual, scenario) | Au $400-600M, Ag $50-80M, Cu $40-60M, Ni $20-30M, PGMs $15-25M, REE $10-20M, Li $8-15M | RE/analysis.html:54-81 |
| Strategic Investment Term Sheet | Equity + offtake, $0.5M | Internal planning model |
| Industrial Mineral Prepayment LOI | $0.3M | Internal planning model |
Seven-Step Sequence, Not a Wish List
The capital strategy is a sequence, not a wish list. Each step is gated by evidence and each instrument has a different applicant, underwriting standard, security, covenant, reporting burden, repayment source, and failure consequence.
- Gate 4 (Month 4): Secure ≥3 LOIs/MOUs for chemical products — de-risks the $2.0M equipment commitment.
- Gate 5 (Month 4): Capital commitment of $2.0M for excavation and equipment orders, contingent on Gate 4 success.
- Federal Applications: PR Renewable Energy Initiative and US DOE Geothermal applications enabled by geological proof.
- Phase II Geothermal Conversion: Funded by Phase I cash flow.
- Phase III Byproduct Revenue: Validates operational model — margins of Fe 45%, Gypsum 55%, LiFePO₄ 42%, Silica 38% are pilot-validated.
- Phase IV Equipment Transfer Decision Gate: Mature crawler fleet, modular plant, replicated geometry.
- Phase V Replication Go/No-Go: Backed by full federal funding target of $1.7B across DOE FECM/ARPA-E MINER, NSF SCC, DOE ASCR, DARPA I2O, and USDA.
Bond issuance targeted for Year 3 Q1-Q2: Senior Secured $4.0M, Zero-Coupon $2.0M face, Revolving Credit Facility $2.0M — all contingent on successful geological and operational proof. Phronesis administers bond work; RË is imagined as possible primary bond issuer only while its cost is advantageous.
Six-Entity Cross-Ownership with Act 60
The Nodo group operates under a six-entity structure that preserves founder control while enabling institutional-grade operations and non-dilutive federal capital.
| Entity | Role | Capital Function | Status |
|---|---|---|---|
| RË Corporation | Quasi-sovereign allocator | Super-voting governance, govt interface, long-duration capital | Institutional Proposal |
| Pluoton Corp | Primary physical operator | 2km shaft, chambers, processing, energy, lab | Research Program (Phase I) |
| Enki's Kairos | Computation & AI | Underground data centers, process control, secure hosting | Active Orchestration Runtime |
| Hermes Trismegistus | Global export logistics | Jones Act arbitrage ($40/t→<$12/t) | Logistics Design |
| Phronesis Wave | Financial & risk manager | Inter-entity clearing, bond admin, incentive compliance | Proposed Middle Office |
| Ast | 501(c)(3) civic workspace | Community idea development, contests, resources | Live Civic Workspace |
Cross-ownership among these entities replaces a conventional parent-subsidiary model. Act 60 tax incentives apply to Puerto Rico entities (4% corporate tax, 0% capital gains, 0% property tax for qualifying entities). The non-dilution mandate requires non-dilutive capital structures only — grants, public loans, bonds, internal cash flow preferred over equity dilution. This is a structural constraint, not a preference that can be waived.
Each Pipeline Represents a Distinct Capital Allocation Thesis with Federal Program Eligibility
Pluoton Chemical Synthesis
Geothermal + critical minerals + AI for sustainable chemical production. Phase I CAPEX $6.18M (24 mo). Stages 3-4: $19.75M. Federal target: $1.7B across DOE FECM/ARPA-E MINER, NSF SCC, DOE ASCR, DARPA I2O, USDA. DOE Geothermal LOI submitted. PR Renewable Energy draft prepared. Byproduct margins pilot-validated: Fe 45%, Gypsum 55%, LiFePO₄ 42%, Silica 38%.
Supercomputing Bag Platform
Idle-cycle harvesting mesh network. 42 source files (C, C++, Verilog, JS, Python). Active workloads: Caribbean climate modeling (1km), tropical-disease drug discovery, distributed AI pre-training (1B-7B params), cryptographic auditing. Federal eligibility: DOE ASCR, NSF OAC, DoD HPCMP.
Ast Comunidades de Ideas
Spanish-first civic innovation workspace: found/join communities, discussions, resources, contests, real-time coordination, learning records (huellas) via 5-step workflow. Node.js, SSE, JSON Lines persistence, verified identity. Federal eligibility: NSF SCC, HUD CDBG. Status: Live.
Boriquén / SimOnPie3
Privacy-preserving multi-search for Puerto Rico: 8 engines, 3-stage deduplication, Learning-to-Rank (MiniLM-L6-v2). Playwright browser bridge, Chrome extension. Federal eligibility: NSF SaTC, DHS S&T. Status: Live.
SEPL
Castilian-Spanish programmable system with Non-Logical IR resolved by continuously learning LoRA-enhanced LLM. Formal grammar generating executable strategies. Federal eligibility: NSF CISE, DARPA I2O, NIH NLM. Status: Experimental.
Accounting Workbook
Double-entry multi-entity financial control: journals with audit trails, bank CSV import/matching, stock/bond ledgers with auto-journals, four-quarter statements. Federal eligibility: Capital control infrastructure. Status: Operable.
Hollow Heart Reliquary RPG
Godot 4.3+ life simulator RPG with 6-axis moral physics, 24 childhood scenes, role assignment, monthly world actions, moral petitions, lineage continuation. Federal eligibility: NEA, IMLS, NHPRC. Status: Active Development.
ApollonianDesign API
FastAPI wrapper for AutoCAD to SketchUp conversion pipeline (Analyst → Architect → Optimization → Executive Producer → Artist → Quality). 7-agent architecture. Status: Production-ready.
Delphi / Tarot
79-card Occult Tarot with 11 original Majors, 3 numerology systems (Holos, Pythagorean, Aídos geometric). 6 spreads. Flask backend. Federal eligibility: NEA, IMLS, private foundations. Status: Active.
Hermes Trismegistus
Logistics design for Puerto Rico industrial outputs. Port of Americas-Savannah corridor, FTZ, rail. Round-trip utilization model. Private-charter furniture imports: turboprop $14.5K/leg, mid-size $48K/leg. 47 hubs/6 continents. Status: Design.
Cryptoverse
Poems as sovereign units of exchange. Core protocol, local ledger, local installers, local web pages complete (15%). Blockchain integration 0%. Status: Experimental.
UCIP
Enki's code-change control architecture coordinating 12 rewrite pipelines. Candidate lifecycle: claim, rewrite, validate, apply/retain. Voting: 2 productive matching decisions. Hive-mind: 216MB+. 11-provider failover. Minimum commitment: $5M. Status: Active Runtime.
Federal Programs by Domain with Status
| Domain | Agencies | Programs | Relevant Projects | Status |
|---|---|---|---|---|
| Critical Minerals | DOE FECM, ARPA-E, USGS | Critical Minerals, MINER, EarthMAP | Pluoton | DOE Geothermal LOI SUBMITTED |
| Next-Gen Power | DOE EERE, ARPA-E, DoD SERDP | GTO, MELT/FOCUS, Energy Resilience | Pluoton | PR Renewable Energy DRAFT |
| Smart Cities | NSF SCC, HUD CDBG | Integrative urban research | Ast | Planned |
| EdTech/Montessori | ED IES, NSF EHR | 84.305A, DRK-12 | Homeschool | Planned |
| NL Programming | NSF CISE, DARPA I2O, NIH NLM | SHF, Semantic Informatics | SEPL, NaturalCode | Planned |
| HPC/Distributed | DOE ASCR, NSF OAC, DoD HPCMP | Extreme-scale, Cyberinfrastructure | Supercomputing | Planned |
| Crypto/Blockchain | NSF SaTC, DHS S&T, NIST | Cybersecurity, Blockchain security | Cryptoverse | Planned |
| Engineering | NSF ENG, DoD BRO, NASA STMD | Civil Infrastructure, Fundamental research | ApollonianDesign | Planned |
| Simulation/Ranking | NSF ENG/CISE, DARPA I2O/TTO, NIH NIGMS | Simulation-based design/acquisition | SimOnPie3 | Planned |
| RPG Framework | NEA, IMLS, NHPRC | Game design as art, Digital inclusion | Hollow Heart Reliquary | Planned |
Four Technical Papers Available Under NDA to Qualified Capital Partners
Not for public distribution. Available to sovereign wealth funds, tier-1 pensions, family offices ($25M+ minimum), DFIs/MDBs. References: the governance documentation (the non-dilution mandate terms) and the project portfolio dashboard (federal funding status).
Public Treatment Categories
| Category | Public Treatment |
|---|---|
| Running applications | Named as live only when a routed implementation is operating. |
| Local engineering tools | Described as private software, not a product offering. |
| Research and planning | Separated from commissioned, permitted, or operating infrastructure. |
| Financial discussion | Private, contextual, and subject to appropriate legal review. |
Disclosed Risks with Structural Mitigations
| Risk | Mitigation |
|---|---|
| Geological uncertainty — no proven reserve, only resource estimate | Phase I CAPEX $6.18M designed for geological proof before Stage 3-4 $19.75M; Gate 4/5 gating |
| Federal funding — $1.7B target across 7 agencies is ambitious | DOE Geothermal LOI submitted; PR Renewable Energy draft; base case stands without premium metal hit |
| Act 60 / non-dilution mandate — Puerto Rico policy or non-dilutive constraint could change | Act 60 codified; the non-dilution mandate is structural in governance docs; diversified federal programs |
| Bond issuance — Year 3 target requires operational proof first | Bond work administered by Phronesis; RË as issuer only when cost-advantageous; contingent on Gates 4-5 |
| Cross-ownership complexity — 6-entity structure has governance overhead | Phronesis middle office coordinates; Accounting Workbook provides record discipline; clear role separation |
| Execution risk — physical operations (2km shaft) vs software prototypes | Phased CAPEX gates; pilot-validated byproduct margins; modular plant design for replication |
Standardized Channels for Defined Purposes
- Technical inquiries: hello@nododesigngroup.com
- Capital inquiries: capital@phronesis.wave
- Technical diligence: tech-diligence@ucip.systems
- Investor relations: Investor Relations