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PMGC Holdings Inc. Announces Strategic Share Acquisition in Micro Modular Reactor (MMR) Focused Nuclear Energy Company, Nuclea Energy Inc.
Globenewswire· 2026-01-06 12:30
Industry Overview - The U.S. small and micro modular reactor (SMR/MMR) market is experiencing rapid growth due to energy security needs, data center demand, and federal support for advanced nuclear technologies [1][2] - The global SMR market, including MMRs, is projected to grow from approximately $7.5 billion in 2025 to over $16 billion by 2034, representing a compound annual growth rate (CAGR) of about 9% [3] Company Investment - PMGC Holdings Inc. has announced that its investment arm, PMGC Capital LLC, has acquired non-controlling shares in Nuclea Energy Inc., which focuses on the development of Micro Modular Reactor (MMR) and advanced nuclear energy solutions [1] - This investment aligns with PMGC Capital's strategic focus on supporting companies within long-term growth trends, including next-generation energy infrastructure and decarbonization [2] Nuclea Energy Inc. Profile - Nuclea Energy aims to provide clean, reliable, and economically competitive nuclear energy by replacing high-cost fossil fuels with micro nuclear technology [4] - The company is developing its Morpheus micro reactor for commercial readiness, targeting off-grid applications such as remote communities and military infrastructure [4] PMGC Capital LLC Profile - PMGC Capital is a multi-strategy investment firm focused on direct investments, strategic lending, and acquiring undervalued companies across diverse markets [5] - The firm's mission is to identify high-potential opportunities to deliver sustainable growth and maximize returns on capital [5] PMGC Holdings Inc. Profile - PMGC Holdings Inc. is a diversified holding company that manages its portfolio through strategic acquisitions and investments across various industries [6] - The company is committed to exploring opportunities in multiple sectors to maximize growth and value [6]
NU E Power Corp. Announces Upcoming Appointment of Hon. Tony Clement to Board of Directors to Support Advanced Energy and SMR Strategy
Newsfile· 2025-12-09 14:30
Core Insights - Nu E Power Corp. is set to appoint Hon. Tony Clement to its Board of Directors, enhancing its strategic direction towards next-generation energy infrastructure, including nuclear power and Small Modular Reactor (SMR) applications [2][4] Strategic Energy & Nuclear Expertise - Mr. Clement brings extensive leadership experience from federal and provincial government roles, advocating for Canada's nuclear innovation and participating in SMR policy forums [3][5] - His expertise aligns with Nu E's development strategy, focusing on distributed nuclear power, clean baseload generation, and long-term decarbonization strategies [5] Governance, Policy & Capital Markets Impact - The appointment of Mr. Clement is expected to strengthen Nu E's governance and regulatory insight, enhancing its credibility in capital markets [4][5] - His background in infrastructure permitting and stakeholder strategy will support the company's growth in advanced energy solutions [5] Company Growth and Future Outlook - The CEO of Nu E Power Corp. expressed excitement about Mr. Clement's appointment, highlighting the importance of clean baseload power, particularly SMRs, in meeting the increasing energy demand from AI and industrial sectors [6] - The company aims to responsibly participate in the evolving energy landscape as it approaches 2026 [6] About Nu E Power Corp. - Nu E is a multi-stage power developer focused on creating institutional-grade energy assets by integrating renewables, grid access, gas, nuclear, and battery storage [7]