Research & Development

Canada Announces CAD304 Million Backing For Development Of Monark Nuclear Power Plant

By David Dalton
6 March 2025

Ottawa says new reactor will reinforce commitment to domestically sourced and processed uranium

Canada Announces CAD304 Million Backing For Development Of Monark Nuclear Power Plant
AtkinsRéalis unveiled the Monark nuclear power plant at the World Nuclear Exhibition in Paris in 2023. Courtesy AtkinsRéalis.
The Canadian government has signed a preliminary agreement worth more than CAD300m with nuclear engineering company AtkinsRéalis to support the development and modernisation of a new Canada-designed nuclear power reactor called Monark.

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