Valar's Ward250 Nuclear Safety Design Agreement (Rev. 02, October 2025, marked 'Draft') maps its safety analysis onto the chapters of NUREG-1537, the NRC's guide for research-reactor applications. In that table, 'Chapter 15: Financial Qualifications' is marked 'Excluded' and 'Not required for application' for both the preliminary and final safety analyses, and 'Chapter 17: Decommissioning' is excluded from the preliminary analysis, with an 'approach included in DSA', a document that is not public (safe-007). DOE's request for applications, as summarized by Hogan Lovells, told applicants they bear all costs through decommissioning and spent-fuel storage and asked whether each applicant's funding was 'sufficient to support all phases of reactor testing, from design to decommissioning' (gov-032). DOE's answer on Valar is not public. When the state's Energy Research Board approved the project on 13 Aug 2025, its minutes record only that members discussed 'the project's private funding', returning the site to 'Greenfield' and 'financial assurance for liability' before voting 7-0 (gov-013); no bond, insurance certificate or assurance document for Ward 250 has been found. By contrast, the Carbon County lease requires a reclamation and performance bond before construction (csite-011). Valar has announced large raises since (fund-008), but no public record shows money set aside for decommissioning Ward 250 or storing its spent fuel.

• Ward250 Nuclear Safety Design Agreement, No. 100403, Rev. 02 (status: Draft), Table 2 and Appendix B (Valar Atomics (Public Documents), 2025-10) primary company “Not required for application”
• DOE's Office of Nuclear Energy issues Request for Application for Reactor Pilot Program (Daniel Stenger, Stewart Forbes, Valerie Marshall) (Hogan Lovells, 2025-07-01) analysis “funding sufficient to support all phases of reactor testing, from design to decommissioning”
• Board Meeting Minutes, Utah Energy Research Board, August 13th, 2025 (item 5, Project Valar) (Utah Energy Research Board (Utah Public Notice Website), 2025-08-13) primary government “financial assurance for liability”