Candu Energy Pursues new Reactor Sales in China

Globe and Mail reported Candu Energy Inc. is pursuing new reactor sales in China.

As quoted in the market news:

Mississauga, Ont.-based Candu Energy announced Thursday that it has signed an agreement with China National Nuclear Corp. to expand their joint project to feed recycled uranium into existing Candu reactors at Qinshan.

The intent is to design and build two multimillion-dollar advanced-fuel Candu reactors (AFCR) in China, where nuclear authorities have an ambitious growth program but are deeply concerned about long-term supplies of uranium.

Click here to read the full Globe and Mail report.