MGXMF - MGX Minerals Announces Advancement of Accident Tolerant Nuclear Fuel Review
(TheNewswire)
VANCOUVER – TheNewswire - November 26, 2021 - MGX Minerals Inc. (“MGX” or the “Company”)(CSE:XMG) (CNSX:XMG.CN) (FKT:1MG) (OTC:MGXMF) announces rapid review of accident-tolerantnuclear type fuel (“ATF”) technology. The Company is working toadvance ATF type fuel for existing pebble bed type nuclear reactorsand future Small Modular Nuclear Reactors (“SMR”), inclusive of TRi-structural ISOtropic particle (“TRISO”) fuel type.
TECHNICAL ADVANTAGES OF INNOVATIVEATF
Technological advantages are related to the improvementof the fuel microstructure. Larger grain size slows the releaseof fission product, increasing fuel swelling, and facilitatingthe heat transfer:
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A. Larger grain size in ATF isbeneficial for formability of fuel and cracking diminishing(fuel softening). Larger grain size in ATF reduces the fuel porosityand increases thermal conductivity and heat dissipation;
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B. There is already a loweredoxidation (by about 2- 3 times at temperature 400C). This is importantfor the safety of the reactor operation. Oxidation of fueldrastically changes thermal conductivity and increase in fueltemperature that may lead to fuel meltdown.
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C. A decrease in the oxidationrate of ATF will decrease the embrittlement of the fuel and reducefuel cracking and fission gas release.
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D. If the corrosion of fuel isslowed; less fuel is washed away. The burn-up is expected to behigher. This contributes to improved fuel cycle economics.
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E. Lower temperature gradient infuel pellets may reduce internal stresses and probability ofcracking.
The Company is now focussed on use of a proprietaryfuel design in the safety upgrading and supply of the some 500 pebblebed reactors currently in use globally, including the CANDU reactor. In addition, there are approximately 100 new Small Modular Reactor(“SMR”) technologies currently in the research and development andcommercialization phase. The purpose of providing a significantlyincreased thermal stability fuel increases reliability due todecreased over build up of centralized heat and reduced corrosion.
About MGX Minerals
MGX Minerals is a diversified Canadian resource andtechnology company with interests in advanced metals, industrialminerals, nuclear energy and rocketry.
ContactInformation:
Andris Kikuaka
Chief Executive Officer
604 681 7735
Forward-LookingStatements
This press release containsforward-looking information or forward-looking statements(collectively, "forward-looking information") within themeaning of applicable securities laws. All statements, other thanstatements of historical fact, included herein are forward ? looking information. Forward-looking information in this pressrelease include, but are not limited to, statements with respect toholding the postponed Meeting, and the filing of an amended notice ofmeeting and record date for the postponed Meeting. Forward-lookinginformation is generally, but not always, identified by the words"expects", "plans", "anticipates","in the event", "if", "believes","asserts", "position", "intends","envisages", "assumes", "recommends","estimates", "approximate", "projects","potential", "indicate" and similar expressions,or that events or conditions "will", "would","may", "could" or "should" occur.
The Company’s forward-lookinginformation are based on the applicable assumptions and factors theCompany considers reasonable as of the date hereof, based on theinformation available to the Company at such time, including withoutlimitation, the ability to host the postponed Meeting at a later date,and the ability to find a suitable location which can accommodate anin-person shareholders’ meeting. The Company cautions investors thatany forward-looking information provided by the Company is not aguarantee of future results or performance, and that actual resultsmay differ materially from those in forward-looking information as aresult of various risk factors. These factors include, among others,uncertainties arising from the COVID-19 pandemic, and general economicconditions or conditions in the financial markets. The reader isreferred to the Company's public filings for a more completediscussion of such risk factors, and their potential effects, whichmay be accessed through the Company's profile on SEDAR at www.sedar.com . Except as required by securities law,the Company does not intend, and does not assume any obligation, toupdate or revise any forward-looking information, whether as a resultof new information, events or otherwise.
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