The collaboration advances ANEEL’s technical and regulatory qualification ahead of commercial reactor demonstration.    Pictured: In the front row from left to right, John D’Angelo (President of Kinectrics) and Milan

BWXT

CCTE Engages Kinectrics to Independently Review ANEEL Fuel Qualification Program

BWXT-Backed ANEEL Collaboration Advances Thorium Fuel Toward Commercial Demonstration

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>The collaboration advances ANEEL’s technical and regulatory qualification ahead of commercial reactor demonstration.    Pictured: In the front row from left to right, John D’Angelo (President of Kinectrics) and Milan</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>BWXT division Kinectrics will perform an independent review of the ANEEL fuel qualification as Clean Core Thorium Energy pushes toward a commercial reactor demonstration. BWXT Canada will supply CANDU fuel bundles and Canadian Nuclear Laboratories will fabricate full-scale ANEEL bundles, reinforcing Canada’s nuclear supply chain. Milestones include burnups above 60 GWd/MTU and a peer-reviewed engineering assessment, underpinning regulatory progress and potential future contracts.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Kinectrics (BWXT unit) to review ANEEL fuel qualification ahead of demo.</li><li>BWXT Canada to supply CANDU fuel bundles; CNL to fabricate full-scale ANEEL bundles.</li><li>ANEEL burnups exceed 60 GWd/MTU; peer-reviewed engineering assessment published.</li><li>Collaboration strengthens Canada’s nuclear supply chain for ANEEL demonstration.</li><li>ANEEL aims to improve safety, waste reduction, and proliferation resistance.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>BWX Technologies, Inc. (BWXT)</strong>: Parent company; Kinectrics is a BWXT unit; BWXT Canada to supply fuel bundles; potential revenue from ANEEL collaboration.</li><li><strong>Kinectrics Inc.</strong>: Selected to conduct independent technical review of ANEEL fuel qualification; key BWXT services arm in nuclear safety/licensing.</li><li><strong>Clean Core Thorium Energy (CCTE)</strong>: Customer and lead developer of ANEEL; collaboration expands BWXT-related ecosystem and potential future deployments.</li><li><strong>Canadian Nuclear Laboratories</strong>: Fabrication partner for full-scale, reactor-ready ANEEL bundles; supports manufacturing readiness and regulatory alignment.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Corporate Developments impacting the nuclear fuel ecosystem. The BWXT-linked collaboration expands the ANEEL program’s technical validation and manufacturing capability, signaling potential future revenue streams and regulatory progress for BWXT’s fuel and services portfolio.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Potential future revenue for BWXT from ANEEL-related fuel bundles and services.</li><li>Kinectrics&#039; independent review adds regulatory validation, supporting licensing opportunities.</li><li>Canadian supply chain partnerships with CNL and BWXT Canada could unlock long-term contracts.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Aug 18, 2026: CCTE selects Kinectrics to perform independent technical review.</li><li>ANEEL burnups exceed 60 GWd/MTU achieved at Idaho National Laboratory&#039;s ATR (burnup milestone referenced).</li><li>BWXT Canada to supply CANDU fuel bundle hardware; CNL to fabricate full-scale ANEEL bundles.</li><li>Peer-reviewed engineering assessment published in Nuclear Engineering and Design (Elsevier) in 2026.</li><li>ANEEL fuel combines thorium and enriched uranium (LEU to HALEU) with potential PHWRs, Gen IV, LWRs.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Positive for BWXT over the next 6–12 months as ANEEL progresses toward demonstration and potential fuel-supply contracts.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p><strong><em>The collaboration advances ANEEL’s technical and regulatory qualification ahead of commercial reactor demonstration.</em></strong></p>  <p><img alt="Kinectrics PR_signing final" height="407" src="https://ml.globenewswire.com/Resource/Download/ecbe2784-a633-440b-b320-4f201a2f4669/kinectrics-pr-signing-final.jpg" width="600" data-dpi="72" data-caption="Kinectrics Signing" data-filename="Kinectrics PR_signing final.jpg"></img><br></br></p>  <p><em>Pictured: In the front row from left to right, John D’Angelo (President of Kinectrics) and Milan Shah (COO of CCTE). In the back row from left to right, Sean Donnelly (VP of Nuclear New Build), Paul Thompson (Executive Advisor of CCTE), and Paul Chan (CTO of CCTE)</em></p>  <p>CHICAGO, Aug.  18, 2026  (GLOBE NEWSWIRE) -- Clean Core Thorium Energy (CCTE) has selected Kinectrics Inc. (Kinectrics), a division of BWX Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BWXT">BWXT</a>), to conduct an independent technical review of the ANEEL fuel qualification program as the company advances toward commercial reactor demonstration. </p>  <p>Kinectrics will perform an independent assessment of the ANEEL fuel qualification program, reviewing key aspects of fuel design, manufacturing, safety and regulatory readiness. The review is intended to support future evaluation by utility Fuel Design Authorities and other stakeholders as the program progresses towards a commercial demonstration irradiation.</p>  <p>This collaboration represents a critical milestone in CCTE’s commercial demonstration program, following previously <a href="https://www.globenewswire.com/Tracker?data=hI9qvrmmuln-7MbG8NxCBsryDR6xH25t_dMs0KsqleHOTWuZlKdmQsUpkGiYPwFFdzgUjk-ffiDSXg1rJ0-78p9m0f-dqixUG6czV1WmvTjbKceJ1dSMGHrDe8s1N2D3AzAfpf2K1D44zgJ2CaGDqjtcSSHh140T3_Sue-hHoWXIbO2HbHTg_7RXGkSRzvYWJQnQTng1TXkD1t0wxsebk6gfuCZP3vGGzX-O1RWdqDV8IT24i6NhC7B6e7zs0kp0RUjm6DZYabK_tMh1t3ZFjqiWcDgLtDWOYtc8FzMxrOZ1gF_rD3z75LJBThk7qtmNYRSkgoMPE3YkBIq9zagIOaML8hD4XYPRJ1bLIcIFP7pdp7xWA4OWVBPuihwZAvkv1E-MybYaJJvfnoIrhCRkWHtB-XLLpTeQT7pqdIlyBEgIrZunsDshIpSB3ictdDeWaKIX8QhGNHZdUd_lAou11ISsvzk1nJVJSE1kML5XJ_0XIYEeL3FfJ9PiVKfEz99tk8M9ctx0KB3_xtH0XAaa_In0sGldrSJxLIvcuohiRtiVv1bfpUM0xK6oiw3RODgdtTXXyWLpZVSI_EfTg4P2lg==" rel="nofollow" target="_blank">announced collaborations with BWXT Canada Ltd.</a> for the supply of CANDU fuel bundle hardware and with <a href="https://www.globenewswire.com/Tracker?data=cL1MftA5ikiMvIobvzUvUJFqjnSDU_-TqWSfdS_r4Dzzugn1oEH3SFUunuyiqy_PclAIfrz60paxJTFC68uc6jzA92TnptpAzJVY8RQ8e3xZSlKfUWGxJ--8DR0pPk6f7jq39ELQ_AhkGa-AetU0g9j5SiKq-iL-t-u662OjeTFH_0jGSyxIWYUv5IHvZ0Q1Cv5hX9IM39bKtYpA6-f-6gPq82MAQ3nXQjrlDqaQXBntmekjwN9ZDsthRMhu7XtbsAGXYIMkck0DLd4y8TDLgTuxTn8gwag8nnXalnpKbwNtjUg796iTzceal5kzyp6SW7Q6V2nWhwWn5TfISyVnxVQttcszuXLTHDzkGq96SeR6fj7WFbmh13aBjO2r02lS4UqW3BFlCSyESvkR64cajCqLHk3b2eXOnwqXTB6Nd-o_YWtcfGTiKJt33H7wmhgKRWd9LHF0pD5VKzF7eP45LKo4WdWXh56c18BLiBaxr7YtIrnLMaTGTP_8p8c_nLCVXn-o1NHhxl2ezGmpCoq5J9lw6IzhrBxvnVJYv8l2ENsszkdtMkq-EjwHrl-GDgCl" rel="nofollow" target="_blank">Canadian Nuclear Laboratories (CNL)</a> for fabrication of full-scale, reactor-ready ANEEL fuel bundles. Together, these partnerships establish the manufacturing, engineering and independent technical capabilities required to advance ANEEL toward commercial reactor demonstration.</p>  <p>"Kinectrics brings world-class expertise in nuclear safety analysis and licensing support, making them one of the most trusted independent evaluators in the nuclear industry," said Milan Shah, COO of Clean Core Thorium Energy. "With BWXT Canada supplying the fuel bundles and CNL advancing ANEEL fuel pellet fabrication, their independent evaluation provides critical validation as we progress toward regulatory approval and future deployment."</p>  <p>The collaboration between CCTE, BWXT Canada, CNL, and Kinectrics highlights the strength of Canada’s nuclear supply chain in supporting advanced fuel technologies. Together, these capabilities establish a practical pathway toward demonstration of thorium-based fuel in existing CANDU reactors, supporting the development of fuel with enhanced inherent safety, reduced waste and improved proliferation resistance, while leveraging established reactor infrastructure without requiring major reactor modifications.</p>  <p>The engagement builds on a series of technical milestones achieved by CCTE over the past year. Earlier this year, <a href="https://www.globenewswire.com/Tracker?data=to7MuCLmklsxorgsZsXwDreykLTV95eMKvFOY_sW5jNdzX_eMpcHs7YcVanpBiG8MRt4ChVFUIPM3aLV568gsQIbbJ8p7_cjSh1QHHENynHyykqeomE-0vU1bmOE0RdaQiGJm2Z-Z0qFHjXjlJ8bJXwGZ-XuSEjn6TL-aSK5qhXWuFCHT9ZlR2lZXEyjs7lh6mM7NMVIVKv8iuElbKHDvTAxDpXyXCzoHss8Tg1A0ZytHIAAScb20lziLSIQZ5wzRCZSb7fj5uT8My2WCSn4_REBvzTPSVKfXYWYpOUDfz1VL08GFrqozEpW_LmTziAjOedcSJHeOvHTDlM1DzVsA8Uk6_LmcNcn7PErRc5I3Zjdy-7EjobamCNqVt2U08ZY4eDu6dOQSxHhS09BVBwz4muGTYDSm06JK58uqdaXMMARfd5BnWKo8_mpK_BtRufDtpfpwL3X4Vr4mLYMApg8rbQ5I73lmf49nr_V-zYTN_XFOR4OGh47bemAe0RAQ45nOAUBC4TfEkhZiCwDU5mM3dsTrBXhL95e_MY4ZyuvXEujPdUtApRJfNF07LFTxYhT9Tq9Y9FyWDvVHUGW2ivZ_g==" rel="nofollow" target="_blank">ANEEL completed accelerated irradiation testing</a> at Idaho National Laboratory’s Advanced Test Reactor, achieving burnups exceeding 60 GWd/MTU. In parallel, CCTE also <a href="https://www.globenewswire.com/Tracker?data=ABIId5f-HAYWiFmarNrZO3hAvA7fiD8bilUZN2QopYd1R1TIz1MfaadNs7w0pHHI8tyfxKtpDfDsziP-fKfDmApSUKJjCZaTrmTv7X2nJ4vCnzlEeKE3n4VLRdQNYhdZtH0P9-47d865zRF1BMRQJEU-n3K-AbmjFiCGVzJVwaZAaMdDG8IsnhnAU9WdtAKdSnWEqldCLI3JooPSIKDisRm4aXqyPyfN9S9YKoxQkg7qZm-gcybEi1rDj6KQdfexblMXhZL3Bt9151dB3vKBwpFwtJ_Hznkfd5h2Ra6pIJotTHK2qU-HzLuGm6tp6ysgzznkyx1tv-O9P3Tu0CGl-Az1KicqVlMBjlhJ4A80Y2o5t0v4TFnpNlHz8QzhSbyNT0iRBjdYG0XFXoJCg0Y7lIaB5dlHJcAR_lpRbldfq_LAhvtDTn2UC1evaPQbckFn_p2kRqEB3_Y7v2HEDtSKctegbgr-RuxMFP6DY1lpnPxDI0_i9KQd2tqCY4EezmTJ1MvoioDVPRDYXsa3Red5FpMol2UtiV-gcYsVFghx2snWrV7zO9N50iWHZ7u4omJ2VRNFzsRbigxpwLBy1XL86ZyQGtlig7cekuQ_CLrAY_MvVV4b5lqkwz4md465W1ehz8k2C9_y22_eiGb-EolqcJZb2MbTWfB4vSIkJMlz-U8=" rel="nofollow" target="_blank">published a comprehensive peer-reviewed engineering assessment</a> in Nuclear Engineering and Design, a leading peer-reviewed journal in nuclear engineering published by Elsevier, demonstrating the fuel’s performance, safety characteristics and compatibility across multiple reactor applications.</p>  <p>Together, these milestones establish the experimental, manufacturing and independent technical foundation supporting ANEEL’s commercial reactor demonstration programme and future commercial deployment.</p>  <p><strong>About ANEEL Fuel</strong></p>  <p>ANEEL is CCTE’s nuclear fuel platform which includes fuel designs and manufacturing, patents and intellectual property, physical high-burnup irradiation data, and advanced modelling. The fuel is a flexible design combining thorium and enriched uranium, with potential applications across Pressurized Heavy Water Reactors (PHWRs), Gen IV reactors, and Light Water Reactors (LWRs). Across these reactor technologies, ANEEL is designed to improve fuel utilization, with the potential to reduce long-lived spent fuel volumes per unit of energy generated and strengthen safety margins by improving inherent safety characteristics and proliferation resistance.</p>  <p><strong>About Clean Core Thorium Energy </strong></p>  <p>Clean Core Thorium Energy is a nuclear fuel company exploring thorium-driven nuclear innovations. Clean Core’s patented nuclear fuel technology (called the ANEEL fuel) is comprised of thorium and enriched uranium (LEU to HALEU), which can improve the safety and cost-efficiency of water-cooled reactors and advanced reactor technologies. The ANEEL fuel is a novel solution to safety, waste, and proliferation concerns in today’s nuclear plants.</p>  <p>Learn more at <a href="https://www.globenewswire.com/Tracker?data=m1leimAj6MgE3BNXGskv_wV7WgCsEqKqwGXf1eqBWcvtq6sVs_RTl9kUfM6VwIINOfkiLlnmGYdTbLfOiTPWs-9hZk6-bQ_xXZ0DWFjGtcXj5iBLspRU9tCX0kNt_x3j_SFZWzVRwJC5asVEOVSwSAnPhdqTfJQJNC8BtjkAcLMTUbKa8z21jNMST-2MAJ2VhIQLS_GNn6vRop52hRTHcWy3HH1Xqj8Uvuwu2bWOpuWF-51u6v2MlR7k_MCrKOFYza8-hCq7Hig6GNocPK-6Uw==" rel="nofollow" target="_blank">https://cleancore.energy/</a>. Follow us on social media: <a href="https://www.globenewswire.com/Tracker?data=WIVandcJA_ffp8RTr4W3TxP8YwIMQy6WXouYv0xgE1-EQGG8ae8G1ATEc00-4edDEi1u7D5U6N0kRJhduExrzjdC51DiNR47UhVKkYlLu_DwH4fVRCnVxnRGWrsFvEr3" rel="nofollow" target="_blank">LinkedIn</a> and <a href="https://www.globenewswire.com/Tracker?data=huT0IfS5NhkqPPoImTpU0uKE9AYNh1448-QHE7ry5TAzrXvMCjCUHEYi3UrPoAs-a9TxZWjmnfVIF6vhv40C2w==" rel="nofollow" target="_blank">X</a>.</p>  <p><strong>CCTE Contact</strong><br></br>Milan Shah<br></br>Chief Operating Officer<br></br><a href="https://www.globenewswire.com/Tracker?data=Hk3fAy10_XEx-MhRlL5zZqYx47gTm_rt-7Dj-Q54OsO2a9Qqw9EtDq4gPVpJ971Q8k970R25h0OHUKuViGZoRL8TLHypn3a_qUnPgc0yZVU=" rel="nofollow" target="_blank">info@cleancore.energy</a></p>  <p>A photo accompanying this announcement is available at <a href="https://www.globenewswire.com/Tracker?data=m1leimAj6MgE3BNXGskv_zilIheAxvMaEab0NrPZeMOxdYMMRyCnWOJEpWrdjxBw5aqKyz7ftQKK7DBXyvSKUvg16SA17CMz7XH9rAWRgR2EF9EtMCXCyeFtsbeI0QCK3yPIlceFCE5oOxDuXgO8Z3FQsmdE8_vizV7x1Lz22CqNLzqnd01MabD7DFJkFX7UrH35XT6CfuUCAjIxcNWSXhsKJBNq3LdpU5kGLLA4xCWRi6sBfpLbWqNVWnLBuyP8bSGULc_nfTbHyjJmHSYTJw==" rel="nofollow" target="_blank">https://www.globenewswire.com/NewsRoom/AttachmentNg/ecbe2784-a633-440b-b320-4f201a2f4669</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgxMTgxNCM3NzgxMjg4IzIyNjMzODE="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MGQ4YWRhMzQtNzIxMS00ZjEzLWI0NDItMmFjM2NmZjEzYTAzLTEyNzQ5MzEtMjAyNi0wOC0xOC1lbg==/tiny/Clean-Core-Thorium-Energy.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/938e29dc-ab52-4bc6-8ef2-baa3077e0961"><img src="https://ml.globenewswire.com/media/938e29dc-ab52-4bc6-8ef2-baa3077e0961/small/clean-core-thorium-energy-large-logo-png.png" border="0" width="150" height="50" alt="Primary Logo"></img></a></p>

BWXT division Kinectrics will perform an independent review of the ANEEL fuel qualification as Clean Core Thorium Energy pushes toward a commercial reactor demonstration. BWXT Canada will supply CANDU fuel bundles and Canadian Nuclear Laboratories will fabricate full-scale ANEEL bundles, reinforcing Canada’s nuclear supply chain. Milestones include burnups above 60 GWd/MTU and a peer-reviewed engineering assessment, underpinning regulatory progress and potential future contracts.

News insight

CCTE Engages Kinectrics to Independently Review ANEEL Fuel Qualification Program

AI summary

Sentiment rationale

Key facts

Corporate Developments