Video: LSE-listed uranium junior Power Metals lands in North America
The company holds a portfolio including precious, base and strategic metal exploration in North America, Africa, Saudi Arabia and Australia.
Global First Power is one step closer to developing Canada’s first small modular reactor (SMR).
This after the Canadian Nuclear Safety Commission allowed the project to move to a formal phase in the process of receiving a ‘licence to prepare site.’
In a press release, GFP said that this is the result of four years of engagement with the CNSC in its vendor design review process, which ensures that proposed nuclear projects achieve the necessary advancement in design and safety to be considered for full licensing. If engagements continue to move ahead, the firm expects first power in 2026.
Global First Power’s 15-megawatt thermal MMR plant will be developed at Chalk River Laboratories
Global First Power’s 15-megawatt thermal MMR plant will be developed at Chalk River Laboratories, a site owned by Atomic Energy of Canada Limited and managed by Canadian Nuclear Laboratories. The system includes a nuclear plant, which would contain an MMR high-temperature gas-cooled reactor based on USNC’s Fully Ceramic Microencapsulated fuel technology and which would provide process heat to an adjacent plant, via a molten salt heat exchange system.
“This demonstration project is intended to serve as a model for future SMR deployments as called for in Canada’s SMR Roadmap and Action Plan, by producing competitively-priced clean energy for remote communities and heavy industry such as mining and resource projects,” management said in the statement.
GFP is jointly owned by Ontario Power Generation and USNC-Power Ltd.
Comments
BOB HALL
Five years is some kind of record to get a nuclear facility licenced and in production. Good luck!