Grants and Contributions:

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Title:

814523

Agreement Number:

814523

Agreement Value:

$47,500,000.00

Agreement Date:

Mar 16, 2021 - Jul 31, 2054

Description:

This invesment will support the developing of a Stable Salt Reactor - Wasteburner (SSR-W) that will produce emissions-free energy using existing spent nuclear fuel which has been recycled through the Waste To Stable Salt (WATSS) process.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

The investment will allow for the further development of nuclear reactor and fuel recycling technologies which will result in clean energy production and a reduction of GHG emissions. Moltex will maintain 10 full-time employees and anticipates the creation of 38 new full-time jobs.

Location:

Saint John, New Brunswick, CA E2L2P7

Reference Number:

033-2020-2021-Q4-814523

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

717350326

Recipient Type:

For-profit organization

Additional Information:

Please note this update includes a change to improve standardization of reporting across projects. The end date was updated from the end of the work phase of the project (31/03/2025) to the current end date of the contract (31/07/2054). This is not an extension. The end date now reflects the entirety of the agreement duration, including the benefit phase and residual audit period. The original start date was updated to reflect the correct execution date.

Amendment Date

Mar 31, 2026

Recipient's Operating Name:

Moltex Energy

Recipient's Legal Name:

Moltex Energy Canada Inc.

Federal Riding Name:

Saint John--Rothesay

Federal Riding Number:

13009

Program:

SIF Stream 1 - R&D

Program Purpose:

Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services; Facilitate the growth and expansion of firms in Canada; Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.

NAICS Code:

221113

Amendments:

See Amendments