Energy for the Future
THE ONLY PRACTICAL ‘CLEAN’ SOLUTION TO THE WORLD’S LOOMING ENERGY CRISIS
- Nuclear energy is key in achieving global net-zero, being the 2nd largest source of baseload power
- Nuclear power needs to triple just to meet the Paris Accord 1.5°C goal1
- Canada, the U.S. and the U.K. were among a group of 20 nations that announced an agreement to triple nuclear energy capacity by 2050 at the United Nations’ COP28 climate conference in Dubai
“If climate goals are to be met, and if energy security goals are to be met, a substantial growth of nuclear power must be part of the growing energy mix.” 2
A NUCLEAR RENAISSANCE FOR THE AGES
- About 60 reactors are under construction across the world with a further 110 planned3
- 88 of the 92 operational reactors in the US have received extensions to operate for up to 60 years (from original life expectancy of between 20 - 40 years)4
- SMALL MODULAR REACTORS (SMR’S): Low CAPEX, more scalable, and quicker to deploy5,6
3.https://www.world-nuclear.org/information-library/current-and-future-generation/plans-for-new-reactors-worldwide.aspx
4.https://www.visualcapitalist.com/how-old-are-the-worlds-nuclear-reactors/
5.https://www.energy.gov/ne/benefits-small-modular-reactors-smrs#:~:text=Small%20modular%20reactors%20offer%20a,security%20compared%20to%20earlier%20designs.
6.https://www.energy.gov/ne/articles/4-key-benefits-advanced-small-modular-reactors
7.https://tvpworld.com/74603951/a-new-era-for-poland-six-construction-sites-for-smr-units-approved
8.https://abcnews.go.com/Technology/bill-gates-future-nuclear-energy-ai/story?id=99160110
Poland ‘green lights’ construction of 24 new SMR’s7
Bill Gate’s TerraPower is building a new nuclear plant in Wyoming8
THE U.S. WANTS ENERGY SECURITY
- The majority of uranium production currently comes from Russian-aligned (i.e. Kazakhstan 43%, Russia 5%, Uzbekistan 7%) and African countries (i.e. Namibia 11%, Niger 4%)9
- 2020: The U.S. forms the US Strategic Uranium Reserve to develop a >20Mlb uranium stockpile
- 2023: The Nuclear Fuel Security Act passes to ensure funding for domestic sources of supply
- 2023: House passes bill “Prohibiting Russian Uranium Imports Act”11
“The United States wants to be able to source its own fuel from ourselves and that’s why we are developing a uranium strategy”
— Jennifer Granholm, the U.S. Energy Secretary10
9.https://world-nuclear.org/information-library/nuclear-fuel-cycle/mining-of-uranium/world-uranium-mining-production.aspx
10.https://www.reuters.com/markets/us/us-developing-domestic-uranium-strategy-energy-secretary-2022-10-26/
11.https://www.congress.gov/bill/118th-congress/house-bill/1042
The Cree East Project
- Located proximal to the McArthur River and Key Lake mines, and the Millenium and Phoenix deposits
- Extensive infrastructure with access via Highway 914 and located proximal to the town of Key Lake which hosts a regional airport
- Extensive historical exploration of 108 holes drilled with over $20 million in exploration since 2007
- Currently permitting for 40,000 metres of drilling plus 300 line-kilometres of geophysics
