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Azincourt Energy Announces Acquisition of Interest in Nuclea Energy
Key Highlights Nuclea Energy Inc. is advancing the development of its Morpheus micro modular reactor (MMR) - a lead-cooled, enriched uranium powered, inherently
About this update from Azincourt Energy Corp
[{"type":"text","content":" Key Highlights Nuclea Energy Inc. is advancing the development of its Morpheus micro modular reactor (MMR) - a lead-cooled, enriched uranium powered, inherently safe design capable of delivering 4-50 MW of clean, baseload power. Nuclea is also in discussion with Canadian Nuclear Laboratories (CNL) to license two additional proven microreactor technologies. Nuclea's reactors can cleanly power off-grid mining sites, remote communities, and AI/data-center infrastructure where continuous power is critical. Vancouver, British Columbia--(Newsfile Corp. - November 26, 2025) - Azincourt Energy Corp. (TSXV: AAZ) (OTCQB: AZURF) (\"Azincourt\" or the \"Company\") is pleased to announce that it has acquired an interest in Nuclea Energy Inc. (\"Nuclea\"), a privately held Canadian company developing advanced small modular reactor (SMR) and micro-modular reactor (MMR) technologies designed to deliver clean, reliable, and scalable energy solutions for industrial, mining, and remote applications. This marks Azincourt Energy's first direct participation in the downstream nuclear-technology sector, representing a natural extension of its uranium-focused clean-energy strategy. The Company believes that SMR and MMR technologies will be a critical link between uranium resource development and next-generation deployment of zero-emission power. \"Nuclea is advancing one of the most promising new nuclear technologies in North America,\" said Alex Klenman, President and CEO of Azincourt Energy. \"As global power demand accelerates, micro modular reactors can deliver the safe, scalable, and carbon-free baseload power the world urgently needs. This investment aligns perfectly with our long-term vision to participate across the full nuclear energy value chain.\" Nuclea Energy: Enabling Clean Power for the Next Generation of Industry Headquartered in Ontario, Nuclea Energy is advancing the Morpheus reactor, an enriched uranium fueled, lead-cooled, graphite-moderated micro modular reactor capable of generating 4 to 50 megawatts (MW) of clean, continuous electricity. Built on an award-winning pre-conceptual design, Morpheus integrates inherent safety features including passive cooling, low-pressure operation, and hydrogen-free containment, eliminating key risks associated with traditional nuclear technologies. The compact Morpheus design is engineered f...