New Brunswick SMR firm still looking for Russian uranium alt

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New Brunswick SMR firm still looking for Russian uranium alternative

[ https://tj.news/new-brunswick/new-bruns ... lternative ]

New Brunswick Telegraph Journal - Adam Huras April 29, 2024

There remains very few options to enrich uranium, a situation that is already delaying SMR technology amid a race to commercialize
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ARC Clean Technology says it hopes to have a fuel strategy to reveal in the “coming months.”

That’s as Russia’s invasion of Ukraine continues to shake the global market for the fuel used in nuclear reactors, where much of the supply globally comes from.

There remains very few options to enrich uranium, a situation that is already delaying SMR technology amid a race to commercialize.

Two years ago, shortly after the outbreak of war, ARC Canada president and CEO Bill Labbe said the company’s plan to have its uranium enrichment done by Russia was to be abandoned, while acknowledging the difficulties behind securing a replacement.

Russia produces about 35 per cent of the world’s enriched uranium for reactors, about twice as much as the second-largest provider, China, while still supplying more than 20 per cent of all uranium used in the U.S.

It has meant the line up to find an alternative is long.

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