The SMT-5000: A Modern Approach to Uranium Conversion
THE FUTURE
Purpose-built for the modern market
BUILT TO GROW
Nucleon Fuel’s first planned facility, NCF-1, will deploy a single conversion train producing approximately 5,000 tonnes of uranium as UF₆ per year. Future trains, NCF-2 and NCF-3, are anticipated to follow as market demand and project financing support expansion.
This modular approach is deliberate. It allows us to bring capacity online incrementally, manage capital deployment responsibly and scale in step with the growing Western market for conversion services.
ADVANTAGES
What Sets the SMT-5000 Apart
- Modern process design – Engineered from the ground up, not retrofitted from mid-century infrastructure
- Simplified manufacturing – A streamlined process that reduces complexity, cost and construction risk
- Energy efficiency – Designed to operate with a meaningfully lower energy footprint than legacy conversion facilities
- Reduced waste – Process design that minimizes byproduct generation and environmental impact
- Regulatory alignment – Built to meet the requirements of the Canadian Nuclear Safety Commission (CNSC), the U.S. Nuclear Regulatory Commission (NRC), and the International Atomic Energy Agency (IAEA) from day one
- Infrastructure flexibility – Designed for deployment across multiple jurisdictions with strong transportation, utility, and logistics access
- Ecosystem integration – Developed within the broader Nucleon Energy group, with the potential for future integration across the nuclear fuel value chain
Development Progress
FEL 1.0 – Completed 2025
Concept study and Class V engineering complete. The process basis was established and the project validated for advancement.
FEL 2.0 – Underway 2026
Design basis, heat and mass balance, and process flow diagrams complete. Class IV engineering and cost estimation in progress. Active site evaluation underway in Canada and the United States.
FEL 3.0 – Next Phase 2027
Full front end engineering and design (FEED), detailed process and instrumentation diagrams, definitive cost estimate, regulatory filings and project financing. This phase concludes with a Final Investment Decision (FID).