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CSE: BLST
FSE: O03

CSE: BLST
FSE: O0E

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Blast Resources Inc.

Market

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flagship project

Blast Resources Inc.

Market

Flagship project

Increased investment in Nuclear Energy.

Earlier this year, the U.S. unveiled its plan to triple its nuclear power by 2050, as demand soars1.

The U.S. Government is setting out plans to triple nuclear power capacity in the nation by 2050, with demand climbing for the technology as a round-the-clock source of carbon-free power1.

Source 1: Link    Source 2: Link  Source 3: Link  Source 4: Link  Source 5: Link

Global Nuclear Push

Source 1: Link    Map Source: Link

Demand For Nuclear Energy

Demand for Nuclear Energy is increasing; China alone intends on building 150 new nuclear reactors in the coming decade.1

Nuclear Reactors
0

Reactors In Construction

Between 2020 and 2035, with 27 reactors currently under construction and the average construction timeline for each reactor about seven years.1

In Construction
0

Chinese Reactor Build Rate

The Chinese nuclear reactor build rate is more than two and a half times that of any other country and the country is expected to surpass the United States in nuclear-generated electricity by 2030.1

Build Rate
+ 0

The Need To Secure Energy Is Increasing.

The western world is facing increased pressure to secure nuclear energy.

In November 2024, Russia imposed restrictions on the export of enriched uranium to the United States, creating supply risks for U.S. nuclear power plants. Russia currently holds ~44% of the world’s uranium enrichment capacity1.

Russia
27%

Russia accounted for 27% of the enriched uranium supplied to U.S. commercial nuclear reactors last year1.

Canada
27%

Similarly, in 2022, 27% of uranium purchased by American nuclear reactors came from Canada, making Canada the largest foreign supplier of uranium to the United States (U.S.)2.

Click to enlarge

With reduced supply due to global conflicts Canada now has a heightened responsibility as a supplier of uranium to the U.S.

Source 1: Link    Source 2: Link 

Why Canada could become the next nuclear energy 'superpower'.

  • With its rich resources, Canada’s mining companies see the country playing a major role in the future of nuclear energy, meeting a demand for uranium that is poised to rise after nearly two dozen countries committed in COP28 climate conference to tripling their nuclear energy output by 20501.

  • Canada’s role in supplying the commodity is made more urgent by Russia’s invasion of Ukraine, particularly for the US, which had relied heavily on Russian-supplied enriched uranium to fire up its commercial nuclear reactors1.

  • Canada produced 7.4 kilo tonnes of uranium in 2022 from mines in Saskatchewan, which was valued at approximately $1.1 billion2.

Source 1: Link    Source 2: Link

Uranium Market In Canada

Canada is the world's second largest producer of uranium, with 13% of global production in 2018.1
Canada has the world's largest deposits of high-grade uranium with grades of up to 20% uranium, which is 100 times greater than the world average1.
With its resource base and current output, Canada is well positioned to maintain its importance in uranium production in the future1.
Saskatchewan has the largest high-grade uranium deposits in the world. This region is the source of almost a quarter of the world's uranium supply for electrical generation 2.

Uranium Market In Canada

Click to enlarge

Despite Uranium’s abundance in Canada, industry experts predict a future uranium supply & demand imbalance.

Source 1: Link    Source 2: Link 

Blast Resources SMRs and AI

Market
Growth

  • The global small modular reactor (SMR) market is projected to grow from approximately $6.3 billion in 2023 to $13.8 billion by 2032, registering a compound annual growth rate (CAGR) of 9.1% during the forecast period.1

Tech Industry
Engagement

  • Google has signed a deal with Kairos Power to purchase energy from SMRs for its data centers.
  • Amazon is collaborating with X-energy to develop SMR projects to power its operations.2

SMRs and
Uranium Demand

  • SMRs require uranium as fuel, with many designs utilizing high-assay, low-enriched uranium (HALEU). The growing interest in SMRs is expected to increase demand for uranium, influencing the broader nuclear fuel market.3

Energy Security and
Decarbonization

  • Governments and industries are investing in SMRs to enhance energy security and achieve decarbonization goals. The modular nature and scalability of SMRs make them suitable for replacing aging fossil fuel infrastructure with low-carbon technology.3

Source 1: Link    Source 2: Link    Source 3: Link  

Small Module Reactors
(SMRs)

The small modular reactor is a class of small nuclear fission reactor, designed to be built in a factory, shipped to operational sites for installation and then used to power buildings or other commercial operations.

Small Modular Reactors & Artificial Intelligence

The collective investments by tech giants such as Google, Amazon, and Microsoft in SMRs reflect a broader industry trend towards adopting nuclear energy. This shift aims to meet the substantial and growing energy requirements of AI technologies while aligning with sustainability goals.

Google + Kairos Power

Google has partnered with Kairos Power to develop small modular reactors (SMRs) to supply carbon-free electricity for its AI data centers. The first reactor is expected to be operational by 2030, with plans to add more by 2035, aiming to provide 500 megawatts of power to the grid.1

Amazon + Dominion Energy

Amazon Web Services has announced a $500 million investment in SMRs to meet the escalating energy demands of its AI-driven data centers. Collaborating with Dominion Energy, Amazon plans to develop SMRs near existing nuclear facilities to ensure a reliable and sustainable power supply.2

Microsoft + Three Mile Island

Microsoft has entered into an agreement to purchase power from the owner of the shuttered Three Mile Island nuclear power plant to supply its data centers. This move underscores Microsoft's commitment to securing carbon-free energy sources to support its AI and cloud computing services.3

Source 1: Link    Source 2: Link    Source 3: Link  

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