Ottawa's Best Theratronics misses nuclear decommissioning guarantee deadline

A Kanata company that produces nuclear medical equipment has failed to meet a June 9 deadline set by the Canada's nuclear safety watchdog.
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Best Theratronics Ltd. manufactures external beam therapy units, blood irradiators, and cyclotrons for hospitals and medical research centres outside Canada. It's part of the Virginia-based TeamBest Global Companies empire headed by Krishnan Suthanthiran, who purchased the company from MDS Nordion in 2007 for a reported $15 million.
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Last November, Best Theratronics was ordered to provide a $1.8-million financial guarantee to cover the costs of decommissioning the plant on March Road, should that be necessary, by the Canadian Nuclear Safety Commission (CNSC).
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Given that the deadline has passed, 'CNSC staff will be contacting Best Theratronics to determine the next steps,' said the commission, which regulates nuclear energy, facilities and materials.
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'The financial order is still in place and Best Theratronics has not yet fulfilled the conditions of the order.'
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Best Theratronics is required to re-establish an overall financial guarantee of $1.8 million acceptable to the commission, which is calculated based on the estimated costs of decommissioning, said CNSC in a statement.
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'As Canada's nuclear regulator, our rigorous oversight of this facility is ongoing, and we continue to monitor Best Theratronics Ltd. and all nuclear licensees for regular compliance to ensure the safety of workers, the public and the environment.'
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The financial guarantee is a condition of Best Theratronics' operating licence. According to a CNSC decision, Best Theratronics had failed to maintain the financial guarantee, gave inaccurate reports to the CNSC about the validity of its financial guarantee and was inattentive to updating its preliminary decommissioning plan. That was cause for 'significant concern,' said the decision, signed by CNSC president Pierre Tremblay.
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Under the CNSB order, among other conditions, Best Theratronics can't operate a cyclotron or possess nuclear substances for manufacturing radiation devices and radioactive source teletherapy machines. It also can't possess a radioactive source teletherapy machine for the purposes of developing and testing radioactive source teletherapy machines.

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Winnipeg Free Press

13 hours ago

• Winnipeg Free Press

Fred Smith, FedEx founder who revolutionized the package delivery business, dies at 80

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Vancouver Sun

a day ago

• Vancouver Sun

Anthony Gismondi: Canadian wine has never been better as national awards mark 25th year

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Cision Canada

2 days ago

• Cision Canada

SILVER VIPER COMPLETES ACQUISITION OF CIMARRON GOLD-COPPER PROJECT

VANCOUVER, BC, June 20, 2025 /CNW/ - Silver Viper Minerals Corp. (" Silver Viper" or the " Company") (TSXV: VIPR) (OTC: VIPRF) is pleased to announce that, further to its news release dated May 8, 2025, the Company has acquired the Cimarron Project in Sinaloa, Mexico, a property hosting a porphyry gold-copper system (the " Transaction"), from CSAC Holdings Inc. (" CSAC"). Pursuant to the terms of a purchase agreement dated May 8, 2025, between the Company, CSAC and all of the shareholders of CSAC (the " Vendors"), Silver Viper acquired all of the outstanding common shares of CSAC from the Vendors in exchange for 9,000,000 common shares at a deemed price of $0.20 per share, of Silver Viper (the " Shares"). The Shares issued to the arm's length Vendors are not subject to a hold period under applicable Canadian securities laws and no finders' fees were paid in connection with the Transaction. Highlights of the Cimarron Project The Cimarron Project is located on the prolific porphyry belt from Arizona to Jalisco and is situated in the well-established mining jurisdiction of Mexico. The Cimarron Project lies between Mazatlán and Rosario in Sinaloa and is accessible via an 11-kilometre dirt road from a nearby paved road. The area is relatively flat, with low topographic contrast, supporting ease of access. An electrical line passes one kilometre south of the property. The nearby towns of Rosario—a historic mining community—and Mazatlán provide access to skilled local labour. Qualified Person The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Ben Whiting, a Qualified Person as defined in NI 43-101. About the Company Silver Viper Minerals Corp. is a Canadian-based junior mineral exploration company focused on precious metals exploration in Mexico. The Company is the operator and 100% owner of the La Virginia Gold-Silver Project in Sonora. The Company continues to evaluate and advance mineral exploration opportunities across key mining jurisdictions in Mexico and acquired the Cimarron Project in Sinaloa, Mexico in June 2025. ON BEHALF OF THE BOARD OF DIRECTORS, Steve Cope President and CEO Follow us on social media: X: @SilverViperCorp LinkedIn: Silver Viper Minerals Corp. Facebook: Silver Viper Minerals YouTube: @SilverViperMinerals Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward Looking Information This news release includes forward-looking statements that are subject to inherent risks and uncertainties. All statements within this news release, other than statements of historical fact, are to be considered forward looking and include, without limitation, any statements respecting future plans for the Cimarron Project. Although Silver Viper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those described in forward-looking statements. Factors that could cause actual results to differ materially from those described in forward-looking statements include fluctuations in market prices, including metal prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. SOURCE Silver Viper Minerals Corp.