16:15:29 EST Mon 06 Dec 2021
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MGX Minerals Inc
Symbol XMG
Shares Issued 140,385,960
Close 2021-10-04 C$ 0.045
Recent Sedar Documents

MGX Minerals talks TRISO particle fuel for SMR market

2021-10-04 10:29 ET - News Release

Mr. Andris Kikuaka reports

MGX MINERALS ANNOUNCES TRISO FUEL AS FOCUS OF STANDARDIZED NUCLEAR FUEL DESIGN STUDY FOR SMALL MODULAR REACTOR USE IN LAND ENERGY AND SPACE FLIGHT

MGX Minerals Inc. has provided an update from an internal and external design study of a standardized nuclear fuel for small modular nuclear reactors (SMR) for use in land energy and long-range space flight. The company has determined that a tristructural-isotropic particle fuel (TRISO) pellet provides the best candidate for a standardized fuel for the SMR market. The preferred feedstock for this fuel type pellet is a high-assay, low-enriched uranium feedstock due to the inherent cost and supply chain benefits. A low-enriched fuel may not provide the sufficient performance for advanced optimized space travel of approximately 100,000 miles per hour (the equivalent of reaching Mars in 58 days), resulting in two distinctly separate standardized TRISO fuel markets that overlap in stable energy supply, land or space, but not nuclear propulsion requirements. The company now targets a standardized uranium kernel of approximately 0.5 millimetre, within graphite and silica layers of refractory type material made to withstand extreme heat.

About MGX Minerals Inc.

MGX Minerals is a diversified Canadian resource and technology company with interests in advanced metals, industrial minerals and energy technologies.

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