Nuclear Power Related Media Thread, page-3052

Naydiver - the Cameco purchase of 26% will not be happening during CY23 based upon Tim Gitzel's statement at their last Q3 MD&A conference see excerpt below:

Tim Gitzel

Yes. We’re excited about the future for GLE and fits nicely in the larger package that we’re talking about today, but our good friend Sean Quinn, in addition to Kazakhstan is responsible for GLE. So why don’t you give an update on that, Sean?

Sean Quinn

Sure. I will answer it kind of in two parts. We are on the commercial side very interested in watching very closely developments in the U.S. on the political front in regards to funding opportunities. And there do seem to be some coming into existence, particularly under the IRA. And in conjunction with that we are looking at next year’s program and budget for GLE and the continued development of the technology. And the two – the two will be twin to some extent. So continued work on technology development towards [indiscernible] continued and that rate of progress will be tied to how we do an obtaining some funding support in the U.S. and discussions of course with that partner SILEX.

Brian MacArthur

So you wouldn’t expect major capital going at the door on this next year?

Tim Gitzel

No major capital going out the door next year."