Kairos Power is to establish a low-power demonstration reactor at the East Tennessee Technology Park in Oak Ridge, investing USD100 million in a project to demonstrate its capability to deliver low-cost nuclear heat. The Hermes reactor is a scaled version of Kairos Power’s Fluoride Salt-Cooled High Temperature Reactor, an advanced reactor technology that aims to be cost competitive with natural gas in the US electricity market. The Hermes reactor is scheduled to be operational in 2026.
New Nuclear 16 July 2021
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Vancouver-based International Consolidated Uranium has agreed to buy the Tony M, Daneros and Rim conventional uranium mines in Utah, as well as the Sage Plain property and eight Department of Energy leases in Colorado from Energy Fuels Inc. In addition, the companies have agreed to enter into toll-milling and operating agreements with respect to the projects. The transaction positions International Consolidated Uranium as a potential near-term US uranium producer.
Uranium & Fuel 16 July 2021
Oklo Inc has announced a 20-year commercial partnership with Compass Mining, the world's first online marketplace for bitcoin mining hardware and hosting. Oklo’s "advanced fission powerhouses" will provide clean, reliable and affordable baseload power for Compass’ bitcoin mining machines, starting in the early 2020s.
Corporate 15 July 2021