Grants and Contributions:

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Title:

Development of the Integral Molten Salt Reactor

Agreement Number:

811861

Agreement Value:

$18,923,000.00

Agreement Date:

Apr 1, 2019 - Dec 31, 2022

Description:

This project involves the engineering and development of the Integral Molten Salt Reactor (IMSR®) power plant, a Generation IV Small Modular Reactor.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

The investment will allow the company to verify the acceptability of its technology with respect to Canadian nuclear regulatory requirements, and Canadian codes and standards and support the first commercial deployments of its Integral Molten Salt Reactor (IMSR®).

Location:

Oakville, Ontario, CA L6H0C3

Reference Number:

230-2022-2023-Q3-008

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

834607335

Recipient Type:

For-profit organization

Additional Information:

The amendment has been completed to extend the agreement end date from 2048-04-30 to 2049-04-30 and to reduce the contribution amount from $20M to $18.9M. This is a repayable contribution.

Amendment Date

Nov 2, 2022

Recipient's Operating Name:

Terrestrial Energy Inc.

Recipient's Legal Name:

Terrestrial Energy Inc.

Federal Riding Name:

Oakville

Federal Riding Number:

35072

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