Canada Carbon (the “Company”)
(TSX-V:CCB) (OTC:BRUZF) (FRANKFURT:U7N1) is pleased to
announce that the Company has updated its regulatory filings with
the Canadian Nuclear Safety Commission ("CNSC"), the federal
regulator of nuclear power and materials in Canada. The Government
of Canada has signed safeguards agreements with the International
Atomic Energy Agency ("IAEA") which require Canada to provide
extensive information and access to the IAEA. The CNSC has the
mandate to achieve Canadian conformity with those agreements, which
include extensive reporting about nuclear graphite as defined in
international treaties. Canada Carbon was an invited guest to the
International Nuclear Graphite Specialists Meeting, held at the
IAEA facilities in Vienna Austria, September 5th–8th, 2016.
On February 22nd, 2018, La Presse, a Quebec
newspaper, reported that Parliamentary Secretary Kim Rudd, on
behalf of Canada’s Minister of Natural Resources ("NRCan"),
announced a road mapping process under the Energy Innovation
Program to explore the potential for on- and off-grid applications
for small modular reactor ("SMR") technology in Canada. Driven by
interested provincial and territorial governments and energy
utilities, the exercise will be delivered by the Canadian Nuclear
Association and engage stakeholders to better understand their
views on priorities and challenges related to the possible
development and deployment of SMRs in Canada.
Jason Cameron, Vice-President and Chief
Communications Officer for the Canadian Nuclear Safety
Commission remarked to the participants attending the
Canadian Nuclear Laboratories Small Modular Reactors Workshop, "In
recent years in Canada, interest in SMRs has increasingly been a
subject of careful consideration, as a means to reduce greenhouse
gas emissions and to provide reliable heating and electricity
generation capacity in northern and remote communities as well as
commercial operations."
Participation in the NRCan SMR roadmap program
will eventually expand to include all essential enabling partners,
including manufacturers, research performers, waste management
organizations and the Canadian Nuclear Safety Commission. The
stakeholder-driven roadmap will build upon their existing
groundwork to foster innovation and establish a long-term vision
for the industry, as well as to assess the characteristics of
different SMR technologies and how they align with
user-requirements and Canadian priorities. The roadmap will be an
important step in positioning Canada to advance next-generation
technologies and become a global leader in the emerging SMR market.
National nuclear science and technology organisation Canadian
Nuclear Laboratories ("CNL") will provide scientific support for
prototype development and testing under the SMR program. Last year,
CNL set a goal of locating a new SMR on its Chalk River site by
2026, receiving 19 expressions of interest in constructing a
prototype or demonstration SMR at the CNL facility. Further
background information about the SMR program is available at:
https://cna.ca/wp-content/uploads/2014/05/Small-Modular-Reactor-Basics-CNA-2016.pdf
Executive Chairman and CEO R. Bruce Duncan
commented, “The Government of Canada has been building the
framework for a domestic SMR development program over a period of
years. Canada Carbon has demonstrated that it can produce
nuclear-grade graphite of exceptional purity using off-the-shelf
processing methods, because the Miller graphite deposit contains
very few contaminants. We look forward to having the opportunity to
participate in a home-grown low-carbon energy solution that can
benefit all Canadians, especially those in northern or remote
communities.”
On September 14th, 2016, Canada Carbon announced
that it had been selected by X Energy, LLC ("X-energy") of
Greenbelt, Maryland to supply its thermally purified Miller nuclear
graphite to be as tested as a key ingredient for the fuel compacts
used in the X-energy Xe-100 small modular pebble bed nuclear
reactor. Oak Ridge National Laboratory, site of the High Flux
Isotope Reactor, is conducting extensive pre- and post-irradiation
tests on the X-energy fuel compacts. High temperature gas cooled
reactors such as the Xe-100 pebble bed design have the additional
benefits of co-generation of process heat suitable for hydrogen
production, water desalination or purification, and heat for homes,
businesses or greenhouse operations, in addition to being stable
and reliable low-carbon sources of electricity.
As reported by the Company on May 13th, 2015,
decades of research to develop a suitable graphite matrix for the
fuel compacts has settled on a mixture composed of natural
graphite, synthetic graphite, and binding resin in the weight
proportions of 64:16:20, respectively. The specific elemental
impurity content in each of these components is a critical
criterion. Tests of fuel compacts under actual reactor conditions
conducted by Idaho National Laboratory have determined that nine
elemental contaminants are of special concern, which they have
defined in AGR-2 Specification SPC-923 (for further information,
please access Reference 1, below). Oak Ridge National Laboratory is
charged with determining the best available graphite products to
address this specification. Numerous commercial and experimental
graphite products (12 synthetic graphite samples and 7 natural
graphite samples) were assessed for elemental impurities by GDMS
(for further information, please access Reference 2, below). For
comparison purposes only, two samples of CCB’s thermally treated
graphite are included in the following table, which also includes
data derived from Ref. 2. To calculate the total impurity content,
the “less than” symbol is ignored; i.e. <0.05 would be treated
as if the measured content was 0.05.
SELECTED NUCLEAR GRAPHITE CONTAMINANTS,
AGR-2 SPECIFICATION SPC-923
ELEMENT |
SYMBOL |
CCB SAMPLE1 |
ASBURY RD133711 |
GRAFTECH-D2 |
SGL KRB-20002 |
ALUMINUM |
Al |
<0.01 |
8.3 |
<0.05 |
0.35 |
CALCIUM |
Ca |
<0.5 |
10 |
=<0.5 |
0.7 |
TITANIUM |
Ti |
<0.05 |
0.66 |
1.9 |
0.06 |
VANADIUM |
V |
<0.05 |
0.35 |
4.7 |
0.02 |
CHROMIUM |
Cr |
<0.05 |
<0.5 |
0.5 |
0.5 |
MANGANESE |
Mn |
<0.05 |
0.29 |
<0.05 |
<0.05 |
IRON |
Fe |
0.09 |
13 |
0.25 |
1.4 |
COBALT |
Co |
<0.05 |
<0.05 |
<0.05 |
0.25 |
NICKEL |
Ni |
<0.05 |
1.4 |
<0.1 |
1.2 |
TOTAL CONTAMINANTS |
0.99 |
36.55 |
8.1 |
4.53 |
Notes:1. Natural graphite samples.2. Synthetic
graphite samples.3. All reported valued are parts per million, by
weight (“ppm”), as determined by Glow Discharge Mass Spectrometry
(“GDMS”) analysis conducted by Evans Analytical, Liverpool NY.
References:
1. AGR-2 Fuel Compacts Information Summary:
Prepared for the NRC MELCOR Project, Revision 1. John D. Hunn,
November 2010. Available at:
http://pbadupws.nrc.gov/docs/ML1033/ML103330379.pdf 2. Analysis of
Natural Graphite, Synthetic Graphite, and Thermosetting Resins
Candidates for Use in Fuel Compact Matrix. Michael P. Trammell and
Peter J. Pappano, 2011. Available at:
http://info.ornl.gov/sites/publications/files/Pub32010.pdf
About Oak Ridge National Laboratory
(ORNL):
Oak Ridge National Laboratory (ORNL) is a
multiprogramming science and technology national laboratory managed
for the United States Department of Energy (DOE) by UT-Battelle.
ORNL is the largest science and energy national laboratory in the
Department of Energy system by acreage. ORNL is located in Oak
Ridge, Tennessee, near Knoxville. ORNL's scientific programs focus
on materials, neutron science, energy, high-performance-computing,
systems biology and national security.
About Idaho National Laboratory
(INL):
Idaho National Laboratory in operation since
1949, is a science-based, applied engineering national laboratory
dedicated to supporting the U.S. Department of Energy's missions in
energy research, nuclear science and national defense. The lab has
numerous alternative energy and national security programs.
Robotics, wind power, high-performance computing, biofuels,
critical infrastructure protection, carbon management and advanced
vehicle testing are just a few examples of its multifaceted
research capabilities.
QUALIFIED PERSON
Steven Lauzier, P.Geo. OGQ1430, a Qualified
Person as defined by National Instrument 43-101 guidelines, has
reviewed and approved the technical content of this news
release.
CANADA CARBON INC.
“R. Bruce Duncan”CEO and Director
Contact InformationE-mail
inquiries: info@canadacarbon.comP: (604) 685-6375F: (604)
909-1163
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FORWARD LOOKING STATEMENTS:
This news release contains forward-looking statements, which relate
to future events or future performance and reflect management’s
current expectations and assumptions. Such forward-looking
statements reflect management’s current beliefs and are based on
assumptions made by and information currently available to the
Company. Investors are cautioned that these forward looking
statements are neither promises nor guarantees, and are subject to
risks and uncertainties that may cause future results to differ
materially from those expected. These forward-looking statements
are made as of the date hereof and, except as required under
applicable securities legislation, the Company does not assume any
obligation to update or revise them to reflect new events or
circumstances. All of the forward-looking statements made in this
press release are qualified by these cautionary statements and by
those made in our filings with SEDAR in Canada (available at
www.sedar.com).
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