The First Microreactor to Enter Canada’s Phase 1 Licensing Process
True North Nuclear Inc. holds a CNSC licensing application for its Canadian microreactor project and has completed several key pre-licensing steps in Canada.
These include successful completion of the Vendor Design Review and early submission of the first part of the LTPS
NANO Nuclear continues advancing toward submission of the License to Prepare Site (LTPS) as part of the CNSC’s licensing process.
Well positioned with potential first mover advantage as a differentiated microreactor solution to address several strategically important markets in Canada
A Compelling Solution for Canadian Remote Communities Relying on Expensive Diesel
Sample Electricity Rates for Residents of Certain Northern Territories vs Canadian Average
KRONOS MMR™ offers potential to provide clean, reliable baseload energy with compelling economics
Differentiated with High-Tech Readiness & Proven Reactor Design
High Technological Readiness
- Supported by proven high-temperature gas-cooled reactor (HTGR) design.
- Substantial data on HTGR’s in both research and commercial settings in the U.S. and globally.
- Well-known design and substantial historical data expected to benefit KRONOS in U.S. and Canadian licensing processes.
Substantial R&D Already Invested
- Prior to our acquisition, we believe KRONOS benefited from over $120 million of capital raised by its prior owner to support its development.
- Numerous issued, pending or published patents.
Ideal for AI Data Center Projects
- Ideal for Data Centers where many KRONOS can be connected, co-located, and scale cost effectively.
- As large a reactor as possible while remaining substantially modular.
- Designed to benefit from economies of scale from modularity, mass production, factory fabrication, and large-scale deployment.
Licensing Process in US & Canada well underway
- Advancing in both U.S. and Canada’s licensing processes.
- Working toward submitting a construction permit application to the NRC by the end of 2025 or early 2026.
- KRONOS MMR was the first microreactor to enter the Canadian Nuclear Safety Commission’s formal licensing review.
Simple/Flexible Design and Modularity Enable Deployment Versatility
KRONOS’ standard design and modularity provides versatility in deployment and ability to serve various industries and projects of different scales
Option 1: Standard design can be set to operate at almost any power below 20 MWe for one local unit for specialty needs
Option 2: Multiple units can be distributed to deliver power where needed
Option 3: Several units can be modularly deployed to serve projects up to 1GWe+
KRONOS MMR able to scale up cost effectively over time to meet staged expansions of larger projects
Reactor safety features support a favorable footprint with no emergency planning zone needed, allowing the ability to co-locate at site, providing the option for off-grid power
Emergency Planning Zone (<1 mSv) well within the nuclear site boundary – showing meaningful radiation exposure not extending far beyond reactor building
Reactor Safety Features Enable Favorable Footprint & Ability to Co-locate
Illustration depicts a hypothetical radioactive dose dispersion for a 840 MWe plant, under Design Based Accident conditions
