ARES ACQUISITION CORPORATION

X-Energy Reactor Company, LLC("X-energy" or the "Company"), a leading developer of small modular nuclear reactors and fuel technology for clean energy generation, and Ares Acquisition Corporation (NYSE: AAC) ("AAC"), a publicly-traded special purpose acquisition company, announced today that they have entered into a definitive business combination agreement... The combination will establish X-energy as a publicly-traded, developer of a more advanced small modular reactor ("SMR") and proprietary fuel that supports the transition to clean, affordable energy through enhanced safety, lower cost, scalability and broader industrial applications. X-energy's entry into the public markets is expected to accelerate its growth strategy through additional investment opportunities and financial flexibility as well as differentiated sponsorship by Ares Management Corporation (NYSE: ARES) ("Ares"),a leading global alternative investment manager... Ares Management Corporation is a leading global..