Grants and Contributions:

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Title:

Project Salt

Agreement Number:

814523

Agreement Value:

$47,500,000.00

Agreement Date:

Sep 30, 2020 - Mar 31, 2025

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 E2L2B2

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:

This is a repayable contribution

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