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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

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Post by investclubon Mar 23, 2018 8:27pm
114 Views
Post# 27773946

Seventh Japanese reactor restarted

Seventh Japanese reactor restarted

23 March 2018

Kyushu Electric Power Company today began the process of restarting operation of unit 3 at its Genkai nuclear power plant in Japan's Saga prefecture. The reactor is scheduled to resume commercial operation next month.

Genkai plant - 460 (Kyushu)
The four-unit Genkai plant (Image: Kyushu)

The utility said the process of extracting the control rods from the 1180 MWe pressurised water reactor (PWR) was restarted at 11.00am today. Kyushu said it plans to resume electricity generation at Genkai 3 on 25 March but noted that this date could change "due to turbine adjustment, etc."

"After restarting generating electricity, we will conduct the adjustment operation as output is gradually increased," Kyushu said. "Accordingly, the plant is expected to undergo the integrated performance test and return to commercial operation in late April."

Kyushu submitted applications to Japan's Nuclear Regulation Authority (NRA) in July 2013 to restart Genkai 3 and 4, which have been offline since December 2010 and December 2011, respectively. In January 2017, the NRA confirmed the two 1180 MWe PWRs meet new regulatory standards.

The Saga prefectural governor gave his approval in April for the restart of the units, following the prefectural assembly's adoption of a resolution permitting their restart.

Following NRA pre-operation inspections of the units to confirm that the safety countermeasure equipment complies with the approved construction plan at the Genkai plant, Kyushu began loading fuel into the core of Genkai 3 on 16 February.

Genkai 3 is the seventh of Japan's 42 operable reactors which have so far cleared inspections confirming they meet the new regulatory safety standards and resumed operation. The others are: Kyushu's Sendai units 1 and 2; Shikoku's Ikata unit 3; and Kansai's Takahama units 3 and 4 and Ohi unit 3. Another 17 reactors have applied to restart.

Kansai expects to refuel Ohi unit 4 in mid-April and restart it around mid-May, with commercial operation expected to resume in early June. Kyushu also plans to reactivate Genkai unit 4 in May.

Nuclear energy is expected to account for 20-22% of Japan's power generation in 2030, with a similar portion coming from renewable sources. The remainder of the country's power generation will be met by coal (26%), LNG (27%) and oil (3%), according to Japan's latest energy policy. That policy supports "utilising nuclear power generation whose safety is confirmed".


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