American enrichment startup General Matter announced plans to export enriched nuclear fuel to Japan and South Korea, backed by up to $4.2 billion in potential debt financing from the US Export-Import Bank. This is the largest single EXIM nuclear fuel financing commitment and demonstrates the US government's strategy of using export finance to support the domestic uranium enrichment sector while building nuclear energy partnerships with Asian allies. General Matter is a new entrant to the uranium enrichment market targeting commercial-scale production to compete with European and Russian enrichers.