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Moltex receives $50.5M support for small modular reactor technologies


April 5, 2021 – Small modular reactor developer Moltex Energy has received $50.5 million from Canada’s Strategic Innovation Fund (SIF) and Atlantic Canada Opportunities Agency (ACOA) to advance its project to design and commercialize a molten salt reactor and spent fuel recycling facility.
Meantime, through its Centre for Canadian Nuclear Sustainability (CCNS), Ontario Power Generation (OPG) has joined forces with Moltex, and is providing $1 million in funding to help the company demonstrate the technical viability of its process for recycling used CANDU fuel.
Moltex plans to build the world’s first 300-MW Stable Salt Reactor-Wasteburner (SSR-W) and WAste-to-Stable-Salt (WATSS) facility at the Point Lepreau Generating Station site in Saint John, N.B., and provide electricity to the grid by the early 2030s. ....

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Sask. uranium giant ups stake in laser technology to fuel small reactors


Sask. uranium giant ups stake in laser technology to fuel small reactors
The world’s largest publicly traded uranium company is betting big on a new laser enrichment technology that it says will help power Canada’s shift to a more eco-friendly future.
Saskatoon-based Cameco Corp. obtained a 49 per cent stake in Global Laser Enrichment LLC (GLE) in a joint acquisition with Australian technology company Silex Systems for General Electric Company subsidiary GE-Hitachi Nuclear Energy’s shares in the project.
GLE was founded in 2008 as a joint venture between General Energy, Hitachi and Cameco to develop Silex’s technology that separates isotopes using lasers to produce enriched uranium. ....

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