The Renewable and Practical Green Energy Solution Savvy Investors Need to Know About

Kelowna BC-based Fission Uranium Corp. (FCU) (TSX.FCU, OTCMKTS: FCUUF, Forum) is a company that could help meet the projected significant demand growth for uranium to fuel the increasing number of nuclear power stations. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ [Open in your browser]( [Alert] [Logo] --------------------------------------------------------------- [The Renewable and Practical Green Energy Solution Savvy Investors Need to Know About]( In [Part 2]( of our 3-part series, Stockhouse Editorial took a deep dive into a unique uranium project, a one-of-a-kind business model, and one of the companies at the forefront of this green energy resource. In our third and final part, we'll examine one the uranium industry's most intriguing advancements in green energy solutions, which is designed for mass market rollout. With electricity demand continuing to expand worldwide, and the pressure to replace fossil fuels with clean energy intensifying, the timing is ideal. Architectural rendering of IMSR® power plant. TERRESTRIAL ENERGY Kelowna BC-based Fission Uranium Corp. (FCU) ([TSX.FCU]( [OTCMKTS: FCUUF]( [Forum]( is a company that could help meet the projected significant demand growth for uranium to fuel the increasing number of nuclear power stations. These are predominantly traditional reactors. They are typically big installations with large CAPEX, permitting and build time requirements. However, after years of research and occasional hype, Small Modular Reactors, or SMRs, have finally reached the stage where they represent a viable and highly attractive solution for rolling out clean, green energy generation on a large scale. For investors - both retail, institutional, and private equity - the company believes sky's the limit. Rolls Royce's proposed SMR power stations would be a tenth the size of conventional nuclear sites. (Source: ICE) SMRs: What are they and why the time is right for them? Small Modular Reactors, or SMRs, are nuclear reactors that produce in the range of four to 300 megawatts of electricity (MWe). SMRs generally use slightly enriched or low enriched uranium which means they do not, generally, require containment structures or larger exclusion zones. They have built-in safety features and are even more efficient than larger scale reactors. And it's this versatility and adaptability that offers a myriad of powerful possibilities for the future of the planet. These include: - Lower cost, modular - scalable through multiple units - 'mass' producible - production line assembly - portable units - large truck size - and can be transported and deployed on site - 'inherently safe' technologies - civil works are simpler - don't generally need containment structures - don't require large exclusion zones. SMRs are not a new technology. According to the World Nuclear Association (WNA), at present, there are already five operating commercial SMRs (in Russia, China, and India), along with two under construction and another fifteen at a near-term or advanced stage of development in countries including Russia, USA, Canada, China, South Korea, and the United Kingdom. In addition, over 30 more are at the early development stage. Canada, the United States and United Kingdom are all betting big on SMR technology. This change in policy is being driven by the greening of the world's energy policies. A report by the International Energy Agency (IEA) has estimated that reaching the world's climate goals without nuclear energy will not only take longer and carry a higher risk of failure but will also cost up to USD$1.6 trillion more. This environmental greening, or decarbonization, is being accelerated as forward-looking countries look for ways to stimulate economic recovery in the wake of the COVID-19 pandemic. Recent Global SMR Funding Highlights Include: - U.S. - $1.3 billion funding NuScale; Fluor nuclear SMR pilot project plan gains $1.3 billion boost from Department of Energy (DOE) - U.S. - $160 million funding from DOE; Awards $160 million to TerraPower and X-Energy to build advanced nuclear plants - U.S. - $30M funding Energy Department's Advanced Reactor Demonstration Program Awards $30 million in Initial Funding for Risk Reduction Projects - U.K. - $369 million funding UK funding to help SMR programme advance - Canada - $20 million funding; Government of Canada invests in innovative small modular reactor technology, sets up vendor cluster and launches SMR plan. - Canada - $56 million funding for R&D and also for construction/deployment of two SMRs in the Province of New Brunswick. As part of the existential global need for clean, non-GHG emitting energy sources, the planet will require a full mix SMRs to complement renewables such as hydro-electricity, solar and wind power, along with clean-burning natural gas. This is because power grids require baseload energy in order to run safely and efficiently. The recent major power outages in the U.S. State of Texas - which has invested heavily in renewable energy such as wind farms - is a strong example of trying to operate power grids without sufficient baseload power. If current estimates are accurate, SMRs will play a significant role in greenhouse gas reduction while providing competitive, or perhaps lower, cost per MW than even hydro. Small Modular Reactors The Canadian (and Global) Small Modular Reactor Action Plan Fission Uranium is positioning itself to be in the right place at the right time at the advent of SMR development. In [December 2020]( the Government of Canada released a national Small Modular Reactor Action Plan, responding to the 53 recommendations identified in the country's SMR Roadmap that was launched in November 2018. The plan lays out in detail the next steps for the development, demonstration, and deployment of SMRs for multiple applications…both domestically and internationally. According to Natural Resources Canada (NRCan), the global market for SMR technology is expected to exceed CDN$150-300 billion by 2040. On December 18, 2020, Canadian Minister of Natural Resources Seamus O'Regan released the SMR Action Plan providing concrete actions for the federal government to "ensure robust policy, regulatory and legislative frameworks are in place to protect people and the environment, accelerate innovation, continue meaningful engagement with Indigenous communities and all Canadians, and develop international partnerships and open up new markets." As previously mentioned, both the U.S. and U.K. are making immense investments in SMR technology and its practical implementation as part of various green electrification initiatives around the globe. In the United Kingdom, the SMR sector got an eagerly anticipated boost in November 2020 with a £215 million ($294 million) spending package to be matched by private-sector investment and delivered this year by U.K. Research and Innovation - a national government agency. The money will go to U.K. SMR - an industry consortium commissioned with building 16 Rolls-Royce SMRs and generating an expected £250 billion ($342 billion) export market by 2050, with reactor deployment beginning in the early 2030s. Concept of the Rolls-Royce SMR. Image Courtesy: Rolls-Royce Mark Wittrup, Head of Regulatory and Environmental Permitting, Fission Uranium Fission Uranium's regulatory and environmental permitting process is overseen by Mark Wittrup, MSc., P.Eng., P.Geo., CMC. Mr. Wittrup has over 40 years of experience in the uranium sector and specializes in environmental and regulatory work. He has also been involved with SMR technology for many years. His background includes environmental and regulatory experience in Canada, the United States, Australia, Greenland, and Kazakhstan, and was the project lead and lead author for the McArthur River EIS and licensing process. Mr. Wittrup has also worked as the Assistant Deputy Minister, Environmental Protection and Audit, with the Saskatchewan Ministry of Energy and Resources and is currently VP Environmental and Regulatory Affairs with the Clifton Engineering Group. He is Fission's special adviser on environmental matters to the Board and Management and is a Qualified Person on Environmental, Social and Governance "ESG" matters for mining and NI 43-101 reporting. Fission benefits greatly from having Mark Wittrup involved as a key member of the team who is one of the uranium industry's most respected environmental and regulatory experts. In an exclusive interview with Stockhouse Editorial, Mr. Wittrup discussed a number of timely topics metals & mining and green energy sector investors need to know. SH: There's an obvious role for SMRs in replacing the smaller fossil fuel power stations around the globe but what about rolling this application out as the primary electrical source for remote and Northern communities, and to any towns that are not near urban centres and major sources of power generation that have had to rely on high CO2 emitting diesel generators? Off the grid if you will? MW: There's baseload for more concentrated urban centres and then there's remote applications. So whether it's mining or some other industry or (remote) community the obvious benefit is producing electrical power, but there's another advantage here. Both the molten salt and pebble type SMRs produce a lot of heat as well, instead of starting at 300 degrees they they're in the 600 to 700-degree range in terms of heat production. And, that heat can be extremely useful - it can be used for hydrogen. It could be used for desalinating seawater, for community heating much like centralized heating. It can even be used to run greenhouses. [The Atlas of Canada - Remote Communities Energy Database]( SH: The Canadian Government recently launched its small modular reactor action plan and announced that SMRs are officially part of the country's Climate Change strategy. What is Fission's role in the development of them? MW: Fission's role at the start of this was really as a future supplier of uranium. However, one of the things in our technical proposal that will be released - for our proposed mine - is to use an SMR as the power source for the site. And frankly we've been at several public meetings with municipal governments where people have raised the issue in a really positive way saying, 'Are you actually going to do that? That's impressive.' And it's that sort of subtle, positive pressure that matters because ultimately our vision will be producing the uranium that will go into the fuel for these small modular reactors and we could have one running right on site. SH: What's the total cost of building one going to look like? MW: As an off-grid power source, compared to fossil fuel options the CAPEX is going to be high. But my favorite comparison is BC's Site C dam. When it's done that dam is going to end up having costs somewhere in the $15 to $16 billion range, which is clocking in about four times budget overrun at peak and will only produce 1200 megawatts. And for that same dollar value you could have probably done 8 to 10 small modular reactors that would produce anywhere from four to six times the amount of power that Site C will produce. And you could put those small modular reactors just about anywhere. You know, they don't need massive exclusion zones or anything like that to avoid things like line loss. My favorite example would be instead of a 1200-megawatt big reactor, you could have four or five smaller reactors spread out around Saskatchewan, for instance. And that fact has not gone unnoticed by utilities like SaskPower which is showing a lot of interest in SMRs. And a Small Modular Reactors are easy to transport so we could simply order the unit, which would be built in a factory and then deployed to the site. They also burn longer. So instead of refueling them every two years, like a big reactor, or continuously like a CANDU reactor, the leading SMR design options are in the 7 to 20 year refueling range. SH: Finally, Mark, as we all know, nuclear generates baseload power. The wind doesn't always blow, the sun doesn't always shine but nuclear can and does run 24/7. What's the investment upside of SMRs for investors? MW: Well, I think frankly I think SMRs are the ultimate green technology moving forward. Their efficiency of fuel will be supporting that ultimate green technology because SMRs are virtually greenhouse gas free. Even wind has a higher carbon footprint and has a slightly higher GHG input through the production cycle. We're also seeing more and more articles and comments from experts concerning power grid resiliency. Renewables are great but they are destabilizing for power grids if there isn't enough baseload power. As a result of the power cuts that the U.S. has been experiencing, Congress is actually conducting a major investigation into grid resiliency - it's a serious issue and it's going to get more serious still. With the investment that the leading SMR firms are starting to see from governments, it's clear that the word is out - this is a technology that has now matured enough and can solve a lot of problems. Small modular reactors are a great opportunity. About Fission Uranium's Patterson Lake South (PLS) Property Fission Uranium Corp owns a 100% interest in the high-grade and near-surface Triple R uranium deposit, located on the south-western edge of Canada's Athabasca Basin. In July 2019, the company released results of a pre-feasibility study outlining an underground mine plan. Management's goal is to grow shareholder value through further advancement of the Triple R deposit and continued exploration at the highly prospective Patterson Lake South (PLS) Project. The 31,039-hectare project is 100% owned and operated by Fission Uranium Corp. PLS is accessible by road with primary access from all-weather Highway 955, which runs north to the former Cluff Lake mine and passes through the nearby UEX-Areva Shea Creek discoveries located 50km to the north, currently under active exploration and development. [LEARN MORE]( FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.  The advertiser featured in this Stockhouse Publishing Ltd. Alert has paid a fee in cash or stock not exceeding $5,000 to have their corporate, marketing, and promotional, information and activities featured. The information shown is solely the responsibility of the advertiser [Fission Uranium Corp.], not Stockhouse Publishing Ltd, whose only function was as a supplier of media facilities. Any information provided is not to be construed as a recommendation or suggestion or offer to buy or sell securities. Your information is shared only with the advertiser featured in this Alert and will not be sold or rented to any other third party. 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