New Brunswick·New
A company that was aiming to build its first small modular nuclear reactor in New Brunswick is putting some of its assets up for sale as its future in the province is increasingly in doubt.
Sale price of $11.5M a small fraction of what taxpayers poured into Saint John’s Moltex Energy Canada
Jacques Poitras · CBC News
· Posted: May 01, 2026 5:00 AM EDT | Last Updated: 26 minutes ago
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Moltex CEO Rory O’Sullivan told CBC News the company will continue to exist, and he’s not ruling out eventually moving ahead with building a small nuclear reactor in the province. (Roger Cosman/CBC)
A company that was aiming to build its first small modular nuclear reactor in New Brunswick is putting some of its assets up for sale as its future in the province is increasingly in doubt.
Moltex Energy Canada is selling its engineering designs, patents, software, intellectual property, modelling data and other assets to a new company looking to sell reactors elsewhere.
British Columbia-based Nuclea Energy Inc. is offering Moltex $11.5 million — a small fraction of what taxpayers have poured into the Saint John company in the last decade.
This story was brought to Nouzie by RSS. The original post can be found on https://www.cbc.ca/news/canada/new-brunswick/moltex-energy-canada-sale-9.7183180?cmp=rss
