Candu Inc expands deal with Chinese for development of alternative reactor fuels

Candu Inc expands deal with Chinese for development of alternative reactor fuels: http://

www.canadianbusiness.com/
article/93974--candu-expands-deal-with-chinese-for-development-of-alternative-reactor-fuels ..."Candu Energy Inc. (TSX:SNC) said Thursday it has signed an expanded agreement with China National Nuclear Corp.'s subsidiary companies to continue work on using recycled uranium and thorium as alternative fuels for new reactors.
The company said the 24-month agreement is expected to result in a detailed conceptual design of an advanced fuel Candu reactor.
The deal follows a successful demonstration at Candu reactors at the Qinshan site, about 150 kilometres southwest of Shanghai.
The tests demonstrated the feasibility of using natural uranium equivalent fuel, composed of recycled uranium and depleted uranium, the company said."

And this is the story on G&M: http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/candu-pursues-new-reactor-sales-in-china/article4459225/?service=mobile