IBC Advanced Alloys Corp. (TSXV:IB) reports it has successfully completed the current phase of its beryllium oxide nuclear fuels research and development project with Purdue University and Texas Engineering Experiment Station.
The press release is quoted as saying:
The R&D project was announced in August 2008 with the objective of advancing the universities’ existing nuclear fuels research program, and developing a beryllium oxide enhanced nuclear fuel, for commercial use in both current and future nuclear power reactors.
IBC Advanced Alloys’ President and CEO, Anthony Dutton says:
“This collaborative nuclear fuels R&D work with Purdue and TEES is developing technology that could positively affect both the nuclear industry and consumers of alternative energy.” “This most recent phase of the work confirms our belief that beryllium oxide enhanced fuel will advance global nuclear fuels technology and, as a result, considerably increase demand for beryllium as a rare metal commodity.”