Interesting to read that Saskatchewan Power Corporation has signed an MOU to explore technical and commercial pathways to deploy Westinghouse’s reactor technology, including the advanced AP1000® reactor and AP300™ small modular reactor (SMR), for long-term electricity supply planning. The framework includes evaluation of a Saskatchewan-based nuclear supply chain to support nuclear energy projects, including fuel.
SaskPower is expected to make its final investment decision in 2029 whether to proceed with constructing Saskatchewan’s first SMR facility. The utility intends to use Saskatchewan uranium in any reactor constructed in the province.
It sounds like the Canadians want their own end to end supply chain from mining to fuel rods. I wonder who will be enriching the fule for Cameco and whether that will be done in a plant in Canada.
SLX Price at posting:
$5.38 Sentiment: Buy Disclosure: Held
(20min delay)