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Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s):  PTUUD

Purepoint Uranium Group Inc. is a resource company engaged in the acquisition, exploration and development of properties for the purpose of producing uranium. Its flagship project is the Hook Lake joint venture with Cameco and Orano, and the Smart Lake joint venture solely with Cameco. Together with its flagship projects, the Company operates nine advanced projects within the Athabasca Basin in Canada. Its projects include Hook Lake Project, Smart Lake Project, Red Willow Project, Turnor Lake Project, Henday Project, Carson Lake Project, Russell South Project, Tabbernor Block, and Tower Project. The Company also holds the VHMS project, which is optioned to and strategically positioned adjacent to and on trend with Foran Corporation's Mcllvena Bay Project. The Hook Lake Project is located approximately 75 km south-southwest of Orano Canada Inc. The Smart Lake property includes two claims with a total area of 9,860 hectares situated in the southwestern portion of the Athabasca Basin.


TSXV:PTU - Post by User

Bullboard Posts
Post by investclubon Mar 18, 2015 6:50pm
127 Views
Post# 23536190

Japan retires more reactors as restarts approach

Japan retires more reactors as restarts approach18 March 2015 More clarity on Japan's nuclear future came today as the first unit slated for restart gained technical approval, while two further older reactors were announced for retirement rather than being put through the restart process. The older units officially declared for decommissioning are Shimane 1, owned by Chugoku Electric Power Company, and Genkai 1, owned by Kyushu Electric Power Company. These smaller units, of 439 MWe and 529 MWe respectively, started operation in the mid-1970s and enter retirement just one day after the same status was announced for three others of similar age - Tsuruga 1, along with Mihama 1 and 2. The changes mean Japan now has a count of 43 operable nuclear power reactors and a total capacity of 40470 MWe, down from 54 units and 47,122 MWe before the 2011 accident at Fukushima Daiichi. All of the remaining reactors, however, will remain offline until they have been upgraded to meet extended safety requirements, such such as the provision of alternative power supplies, multiple sources of cooling water, back-up control rooms and venting to prevent hydrogen escape. The leading unit in this process is Kyushu's Sendai 1, which today gained the Nuclear Regulation Authority's (NRA's) approval for its 'construction plan'. This means the 846 MWe reactor unit is technically ready for restart, having been upgraded, and that these engineering changes have been verified by the regulator. It also means that Kyushu's management, personnel training and operational methods are in line with the NRA's demands. Sendai 2 as well as Kansai Electric Power Company's Takahama 3 and 4 are at the earlier stage, having made their upgrades, but awaiting the NRA's confirmation of the work. Another 15 reactors are moving through the restart process, which has been prioritised to bring on the most-needed reactors first, in the localities and prefectures more supportive of restart. Publicly demonstrating the competency of both the power companies, the NRA and the process is an important factor in establishing public confidence in Japan's nuclear power safety culture. Researched and written by World Nuclear News
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