According to the IAEA (International Atomic Energy Agency), there are about 50 SMR designs and concepts around the world. Most of them are in various stages of development and some are claimed to be deployable in the short term. I was planning to develop a Don Morgan, head of his SaskPower in Saskatchewan, and his state counterparts believe that small-scale reactors are an excellent solution for providing clean power to remote communities and Alberta’s oil sands. said it is.
Key highlights from recent federal statements include:
• Funds provided as low-interest debt from the Canadian Infrastructure Bank (CIB) pool allocated for investments in clean power will be used for preparatory work required prior to nuclear construction, including project design and site preparation. will be
• In an announcement Tuesday, Ontario Power Generation (OPG) CEO Ehren Cory said the company will invest funds so that the Darlington Nuclear Power Plant can have an SMR reactor built and fully operational by 2029. announced that it plans to , Todd Smith.
• Recognition that nuclear energy is essential to achieving Canada’s climate goals. Speaking at the Darlington Energy Complex in Clarington, Ontario, Wilkinson said, “Canada, like other G7 countries, is targeting net zero emissions by 2050. It has an interim target of a 40% to 45% reduction from 2017 levels.Nuclear is one energy source that can help meet our climate goals while meeting growing future demands. ”
• OPG says the SMR, once fully built, will avoid approximately 740,000 tons of greenhouse gas emissions each year.
Saskatchewan’s Athabasca Basin is Canada’s primary uranium producer, with 90% exported and the remaining 10% fueling Canada’s nuclear reactors.Uranium in Saskatchewan is responsible for powering one of her homes to about 20 US homes
According to the 2021 Fraser Institute Annual Survey of Mining Companies, Saskatchewan remains the number one best location in Canada and the second best jurisdiction in the world when it comes to mining investment attractiveness. Kiplin is well-located in the Athabasca region and is entitled to a 100% interest in the Cluff Lake Road (“CLR”) uranium project. The CLR project covers approximately 531 hectares in the southwestern Athabasca Basin and is located five kilometers east of Clough Lake Road (Hwy 955) leading to historic Clough Lake.
It historically produced about 62 million pounds of yellowcake uranium. The CLR project is also completely surrounded by Fission 3.0 Corp.’s famous Paterson Lake North (PLN) project.
Results of the recently completed exploratory program on the CLR project (see press release dated October 5, 2022) will be announced once the assays are received.
“We welcome federal support for the development and advancement of the small modular reactor (SMR) sector. SMRs have the potential to play an important role in reducing Canada’s future emissions, Additional uranium deposits are needed for the growth and revival of the nuclear sector, and Kiplin has invested in uranium-rich Athabasca. We focus on exploration in the district. *( https://www.saskatchewan.ca/business/investment-and-economic-development/key-economicsectors/energy#:~
: text=Saskatchewan%20is%20he%20world%27s%20leading%20supplier%20of%20uranium,1%20in%2020%20homes%20in%20the%20United%20States.) Dr. Peter Born, P.Geo. is a Designated Qualified Person as defined by. National Instruments 43-101
I am also responsible for and approve the technical information contained in this release.
About Kiplin Metals Kiprin Metals Co., Ltd.
is a mineral exploration company. We create value for our shareholders by identifying and developing highly promising mineral exploration opportunities. Our strategy is to take projects from discovery to production. This vertically integrated strategy will enable Kiplin Metals to achieve exceptional shareholder value throughout the lifecycle of the mining process. Cluff Lake Road Uranium Project. Kiplin Metals has a right to profit.
A 100 percent interest in the Cluff Lake Road Uranium Project (the “CLR Project”). The CLR project covers approximately 531 hectares in the southwestern Athabasca Basin in northern Saskatchewan and has several new discoveries, including the Arrow and Tripe R uranium deposits. The CLR project is located 5 km east of Cluff Lake Road (Hwy 955) leading to the historic Cluff Lake Mine which historically produced approximately 62,000,000 pounds of yellowcake uranium. Exeter Gold Project
Covers 715 hectares located in Val d’Or Quebec, one of the world’s leading gold camps, producing over 113.4 million ounces of Au by the end of 2019. Geological structures responsible for cold mineralization of Val d’Or. Please contact us for more information. firstname.lastname@example.org or visit our website www.kiplinmetals.com
On behalf of the Board of Directors,
Kiprin Metals Co., Ltd.
For more information, please contact the company at 604-622-1199.
On behalf of the Board of Directors,
Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release. This news release may contain forward-looking statements that involve risks and uncertainties. All statements other than statements of historical fact are considered forward-looking. Although we believe that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or Developments may differ materially from forward-looking statements. There is no guarantee that such statements will be made.
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