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U3O8 Corp. Reports on Argentine Government's Support for Local Uranium Production, and on Other Developments in the Nuclear Energy Industry in Argentina
U3O8 Corp. Reports on Argentine Government's Support for Local Uranium Production, and on ...
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[{"type":"text","content":"\n\n\n\nU3O8 Corp. Reports on Argentine Government's Support for Local Uranium Production, and on Other Developments in the Nuclear Energy Industry in Argentina\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nU3O8 Corp. Reports on Argentine Government's Support for Local Uranium Production, and on Other Developments in the Nuclear Energy Industry in Argentina\nCanada NewsWire\nTORONTO, July 7, 2016\n\n\n\nOutlines next steps for the Laguna Salada Deposit\n\n\n\nTORONTO, July 7, 2016 /CNW/ - U3O8 Corp. (TSX: UWE; OTCQX: UWEFF; SSE: UWECL), a Canadian-based company focused on the development of deposits of uranium and associated commodities, many of which are used in the clean energy industry, reports on significant developments in nuclear energy in Argentina, South America's largest generator of electricity from nuclear:\n\n\nArgentina's Minister of Energy and Mines emphasized the Federal Government's support for uranium production from Argentina to fuel its growing fleet of nuclear power plants; \nArgentina has signed an agreement whereby it will import enriched uranium to fuel its small modular reactor (\"SMR\"), on which construction is nearing completion. The Argentine-designed CAREM-25 model is one of the first modern SMRs to be built in the world. Numerous other SMR designs, for example those in Canada, USA, UK, China and Japan, are advancing through the design and permitting stage. SMRs are projected to be a high-growth area in the nuclear and clean energy industry; \nA memorandum of understanding has been signed regarding the financing and construction of Argentina's 4th and 5th nuclear power plants; and \nThe Minister of Energy and Mines has committed to fund upgrades to eleven nuclear medicine facilities in Argentina. \n\nTo the Company's knowledge, there are only three uranium deposits on which economic studies have been concluded in Argentina: one has been mined out and the other two include the State's Cerro Solo and U3O8 Corp.'s Laguna Salada deposits.  Production from these deposits could provide the uranium r...