Terra Innovatum announced that Terra Innovatum has signed a memorandum of understanding with Conuar for the supply of critical components to be used in the production of Terra Innovatum’s SOLO micro-modular nuclear reactor. Under the MOU, Terra Innovatum and Conuar will conduct pilot programs to evaluate the scope and pricing for Conuar to supply coolant tubs and plates, control rod mechanisms, fuel rods, and stainless steel and special alloy components. Additionally, the companies will collaborate on and consider opportunities to develop a manufacturing and assembly hub in South America to increase production capabilities and better serve local customers over time.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GSRT:
- GSR III Acquisition, Terra Innovatum announce effectiveness of S-4
- Strategic Advancements and Key Partnerships Propel GSR III Acquisition Corp. Class A to a Buy Rating
- Terra Innovatum enters MOU with ATB Riva Calzoni for SOLO manufacturing
- Terra Innovatum announces post-closing board of directors
- Terra Innovatum advances licensing process for SOLO Micro-Modular Reactor
