CVV:CC - CanAlaska CEO Says SMR Technology Crucial Part of Nuclear Power Generation for Clean Energy

2023-06-13 16:00:00 ET

Canada has an SMR Action Plan to deploy small modular reactors ( SMRs ) at home and abroad. The introduction of this military technology into civilian use was just a fantasy two years ago, but it is actually starting to happen, according to CanAlaska Uranium (TSXV:CVV,OTCQX:CVVUF,FWB:DH7N) President and CEO Cory Belyk.

“SMRs are being built in Ontario by 2028. (About) 300 megawatts of SMR technology are going into the Darlington plant, generating clean electricity for 300,000 Canadian homes. That's just Canada. This is starting to happen on a global scale,” said Belyk.

The CEO anticipates a great few decades of nuclear buildout, which will ultimately need more uranium production.

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