MGX Minerals Inc has announced that it is conducting a rapid review of accident-tolerant nuclear type fuel (ATF) technology.
The company said it is working to advance ATF-type fuel for existing pebble-bed type nuclear reactors and future Small Modular Nuclear Reactors (SMR), inclusive of TRi-structural ISOtropic particle (TRISO) fuel type.
MGX noted that the technological advantages are related to the improvement of the fuel microstructure, as larger grain size slows the release of fission product, increasing fuel swelling.
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As well, the company said it is now focused on use of a proprietary fuel design in the safety upgrading and supply of the around 500 pebble bed reactors currently in use globally, including the CANDU reactor.
MGX added that the purpose of providing a significantly increased thermal stability fuel increases reliability due to decreased build-up of centralized heat and reduced corrosion.
The company noted there are about 100 new SMR technologies currently in the research and development and commercialization phase.
Vancouver-based MGX Minerals is a diversified Canadian resource and technology company with interests in advanced metals, industrial minerals, and energy technologies.
Contact Sean at sean@proactiveinvestors.com