Friday, May 30, 2025

Latest

Cameco Signs MOU With GE Hitachi, Synthos Green Energy For Uranium Supply Chain Servicing Potential SMRs In Poland

Cameco (TSX: CCO) announced this morning that it has entered into a memorandum of understanding with GE Hitachi Nuclear Energy, GEH SMR Technologies Canada, and Synthos Green Energy. The collaboration aims to explore establishing a uranium fuel supply chain in Canada that could service a potential deployment of BWRX-300 small modular reactors in Poland.

“This MOU is a great example of the kind of innovative solutions businesses like Synthos Green Energy are exploring and how SMRs could contribute to industry-driven efforts to decarbonize,” said Cameco CEO Tim Gitzel.

Synthos Green Energy and GE Hitachi previously signed an agreement to collaborate on potential deployment applications for the BWRX-300 in Poland. On the other hand, Cameco also has a standing MOU with GE Hitachi and Global Nuclear Fuel-Americas for the commercialization and deployment of BWRX-300 small modular reactors in Canada and the world.

The BWRX-300 is a 300 MWe water-cooled small modular reactor that utilizes GE Hitachi’s Nuclear Regulatory Commission-certified economic simplified boiling water reactor design. The firm predicts that this new model will require less capital cost per MW produced compared to other small modular reactor designs.

“We look forward to working with Cameco and GEH in understanding the uranium requirements for a fleet of BWRX-300s in Poland and the support that Canada has to offer,” commented Synthos Green Energy Board President Rafał Kasprów.

Cameco last traded at $26.82 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Is It Wise To Sanction Russia’s Uranium?

As the Russia-Ukraine war approaches its first anniversary, the European Parliament has called on EU...

Sunday, February 5, 2023, 09:00:00 AM

Cameco Places Cigar Lake Uranium Operation On Care And Maintenance Due To COVID-19

Cameco Corp (TSX: CCO) has placed its Cigar Lake mine on care and maintenance while...

Monday, December 14, 2020, 10:52:35 AM

Cameco Sees Canaccord Cut Price Target To $43

Cameco (TSX: CCO) last week reported its first-quarter financial results, where it showcased strong year-over-year...

Monday, May 9, 2022, 03:11:00 PM

World’s Biggest Uranium Mine Now Just 3.5 Years Away? | Leigh Curyer – NexGen Energy

In this interview, Leigh Curyer, CEO of NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX:...

Thursday, December 5, 2024, 01:15:00 PM

Cameco Gains Majority Ownership Of Cigar Lake

Cameco (TSX: CCO) announced on Thursday the acquisition of a further 7.875% interest in the...

Friday, May 20, 2022, 10:12:00 AM