ARC Canada to Host Small Modular Reactor Update With New Brunswick Energy Minister Mike Holland

    SAINT JOHN, NB, December 10, 2019 /24-7PressRelease/ -- ARC Nuclear Canada, Inc. (ARC Canada) is pleased to host an event on December 9th at 10am at the ARC Canada office with the Hon. Andrea Anderson-Mason, Q.C., Minister of Justice and the Hon. Mike Holland, Minister of Energy representing the Government of New Brunswick. Along with other dignitaries in attendance, an update will be provided on Small Modular Reactor (SMR) development in New Brunswick.

ARC Canada, based in New Brunswick, has made impressive progress in 2019. President & CEO, Norman JD Sawyer, will provide an overview of accomplishments and discuss the potential Provincial Economic Impact and the path moving forward. "The Government of New Brunswick is clearly demonstrating leadership to address climate change goals," says Norman JD Sawyer, President & CEO, "ARC Canada is honoured to be working in collaboration with the province to develop our proven safe technology that deals with waste as we continue our path forward with the added benefit of economic growth."

ARC Canada, with a vision of building a local, sustainable supply chain, has obtained private investment to develop its proven technology. To date, the company has procured three dollars of private investment for every dollar of the initial government funding, highlighting the ongoing private interest in ARC Canada. "We have applied for Federal Strategic Innovation Funding to advance our initiative," says Mr. Sawyer, "As a New Brunswicker, I fully understand the current economic climate of our Province, but let me be clear, our next phase is dependent on an established federal allocation fund for technology development which will open opportunities for further private funding, like any other industry."

With more than 37 years of combined nuclear power industry experience in Canada, Mr. Sawyer has been involved in both the operation of commercial nuclear power plants and in the regulation of the Canadian nuclear power industry. In addition to operational experience Mr. Sawyer worked for 10 years at the Canadian Nuclear Safety Commission, the regulatory body for the Canadian nuclear industry.

About ARC Nuclear Canada, Inc.

ARC Canada's mission is to commercialize the ARC-100 technology, an advanced small modular reactor (SMR) that provides safe, reliable, economically competitive and carbon-free energy with a viable solution to used fuel. ARC Canada has established its Head Office in Saint John, New Brunswick with a goal of promoting business and economic development within the Province of New Brunswick.

New Brunswick provides the key success elements for the development of the ARC-100 technology in Canada: a strong nuclear background, an experienced and effective nuclear operator, a flexible and highly competent work force and academia that can support development and innovation. ARC Canada envisions creation of a supply chain delivering economic growth, well-paying supply chain jobs and the opportunity for New Brunswick to take the lead in the advanced small modular reactor technology field.

More Information on ARC Nuclear Canada, Inc. is available online at www.arcnuclear.com

ARC MEDIA CONTACT:
Carol Lynn Landry [email protected]

# # #