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Yahoo
5 hours ago
- Business
- Yahoo
Canter Resources to Attend Fastmarkets Lithium Supply & Battery Raw Materials Conference in Las Vegas
Vancouver, British Columbia--(Newsfile Corp. - June 20, 2025) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) ("Canter" or the "Company"), a U.S.-focused critical mineral exploration company, is pleased to announce that its management team will be attending the Fastmarkets Lithium Supply & Battery Raw Materials Conference, taking place June 23-26, 2025, at the Red Rock Casino Resort in Las Vegas, Nevada. The Fastmarkets conference is recognized as the industry's largest and most influential gathering for the global lithium and battery materials sector, bringing together over 1,300 delegates from 550 companies across 40 countries. The event provides a premier platform for industry leaders to discuss critical issues, innovations, and market trends shaping the future of battery raw materials supply chains. Canter's Nevada portfolio is well positioned within the key districts within the state, with significant momentum building around Nevada emerging as an important hub for securing domestic supply chain independence for lithium and other critical minerals. Government support continues to increase through the Department of Energy, Department of Defense and EXIM bank, as demonstrated by the significant funding initiatives taking place in the region. The Company looks forward to advancing its strategic partner and M&A discussions at the Conference, and engaging with peers, investors, and stakeholders to share insights on sustainable exploration, Direct Lithium Extraction developments and the evolving regulatory landscape. For those attending the conference who would like to schedule a meeting with Canter's management team, please contact info@ About Canter Resources Corp. Canter Resources Corp. is a junior mineral exploration company advancing the Columbus Lithium-Boron Project and the Railroad Valley (RV) Lithium-Boron Project in Nevada, USA. The Company is completing a phased drilling approach at Columbus to test highly prospective brine targets at varying depths for lithium-boron enrichment and plans to leverage the Company's critical metals targeting database to generate a portfolio of high-quality projects with the aim of defining mineral resources that support the technology and domestic clean energy supply chains in North America. On behalf of the Board of Directors. For further information, contact: Joness LangChief Executive Officer Canter Resources Corp. Tel: 778.382.1193jlang@ For investor inquiries contact: Kristina Pillon, High Tide Consulting 604.908.1695investors@ The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release. FORWARD-LOOKING STATEMENTS This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding the Company's plans for the Project and the payments related thereto, the issuance of the Consideration Shares and the Company's expected exploration activities. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: requirements for additional capital; future prices of minerals; changes in general economic conditions; changes in the financial markets and in the demand and market price for commodities; other risks of the mining industry; the inability to obtain any necessary governmental and regulatory approvals; changes in laws, regulations and policies affecting mining operations; hedging practices; and currency fluctuations. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. To view the source version of this press release, please visit
TechCrunch
a day ago
- Business
- TechCrunch
Every fusion startup that has raised over $100M
Over the last several years, fusion power has gone from the butt of jokes — always a decade away! — to an increasingly tangible and tantalizing technology that has drawn investors off the sidelines. The technology may be challenging to master and expensive to build today, but fusion promises to harness the nuclear reaction that powers the sun to generate nearly limitless energy here on Earth. If startups are able to complete commercially viable fusion power plants, then they have the potential to upend trillion-dollar markets. The bullish wave buoying the fusion industry has been driven by three advances: more powerful computer chips, more sophisticated AI, and powerful high-temperature superconducting magnets. Together, they have helped deliver more sophisticated reactor designs, better simulations, and more complex control schemes. It doesn't hurt that, at the end of 2022, a U.S. Department of Energy lab announced that it had produced a controlled fusion reaction that produced more power than the lasers had imparted to the fuel pellet. The experiment had crossed what's known as scientific breakeven, and while it's still a long ways from commercial breakeven, where the reaction produces more than the entire facility consumes, it was a long-awaited step that proved the underlying science was sound. Founders have built on that momentum in recent years, pushing the private fusion industry forward at a rapid pace. Commonwealth Fusion Systems With a $1.8 billion Series B, Commonwealth Fusion Systems catapulted itself into the pole position in 2021. Since then, the company has been quiet on the fundraising front (no surprise), but it has been hard at work in Massachusetts building Sparc, its first-of-a-kind power plant intended to produce power at what it calls 'commercially relevant' levels. Sparc's reactor uses a tokamak design, which resembles a doughnut. The D-shaped cross section is wound with high-temperature superconducting tape, which when energized, generates a powerful magnetic field that will contain and compress the superheated plasma. In Sparc's successor, the commercial-scale Arc, heat generated from the reaction is converted to steam to power a turbine. CFS designed its magnets in collaboration with MIT, where co-founder and CEO Bob Mumgaard worked as a researcher on fusion reactor designs and high-temperature superconductors. Techcrunch event Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW Backed by Breakthrough Energy Ventures, The Engine, Bill Gates, and others, Devens, Massachusetts-based CFS expects to have Arc operational in the early 2030s. The company has raised a total of $2 billion, according to PitchBook. TAE Founded in 1998, TAE Technologies (formerly known as Tri Alpha Energy) was spun out of the University of California, Irvine by Norman Rostoker. It uses a field-reversed configuration, but with a twist: after the two plasma shots collide in the middle of the reactor, the company bombards the plasma with particle beams to keep it spinning in a cigar shape. That improves the stability of the plasma, allowing more time for fusion to occur and for more heat to be extracted to spin a turbine. The company raised $150 million in June from existing investors, including Google, Chevron, and New Enterprise. TAE has raised $1.79 billion in total, according to PitchBook. Helion Of all fusion startups, Helion has the most aggressive timeline. The company plans to produce electricity from its reactor in 2028. Its first customer? Microsoft. Helion, based in Everett, Washington, uses a type of reactor called a field-reversed configuration, where magnets surround a reaction chamber that looks like an hourglass with a bulge at the point where the two sides come together. At each end of the hourglass, they spin the plasma into doughnut shapes that are shot toward each other at more than 1 million mph. When they collide in the middle, additional magnets help induce fusion. When fusion occurs, it boosts the plasma's own magnetic field, which induces an electrical current inside the reactor's magnetic coils. That electricity is then harvested directly from the machine. The company raised $425 million in January 2025, around the same time that it turned on Polaris, a prototype reactor. Helion has raised $1.03 billion, according to PitchBook. Investors include Sam Altman, Reid Hoffman, KKR, BlackRock, Peter Thiel's Mithril Capital Management, and Capricorn Investment Group. Pacific Fusion Pacific Fusion burst out of the gate with a $900 million Series A, a whopping sum even among well-funded fusion startups. The company will use inertial confinement to achieve fusion, but instead of lasers compressing the fuel, it will use coordinated electromagnetic pulses. The trick is in the timing: All 156 impedance-matched Marx generators need to produce 2 terawatts for 100 nanoseconds, and those pulses need to simultaneously converge on the target. The company is led by CEO Eric Lander, the scientist who led the Human Genome Project, and president Will Regan. Pacific Fusion's funding might be massive, but the startup hasn't gotten it all at once. Rather, its investors will pay out in tranches when the company achieves specified milestones, an approach that's common in biotech. Shine Technologies Shine Technologies is taking a cautious — and possibly pragmatic — approach to generating fusion power. Selling electrons from a fusion power plant is years off, so instead, it's starting by selling neutron testing and medical isotopes. More recently, it has been developing a way to recycle radioactive waste. Shine hasn't picked an approach for a future fusion reactor, instead saying that it's developing necessary skills for when that time comes. The company has raised a total of $778 million, according to PitchBook. Investors include Energy Ventures Group, Koch Disruptive Technologies, Nucleation Capital, and the Wisconsin Alumni Research Foundation. General Fusion Now its third-decade, General Fusion has raised $440.53 million, according to PitchBook. The Richmond, British Columbia-based company was founded in 2002 by physicist Michel Laberge, who wanted to prove a different approach to fusion known as magnetized target fusion (MTF). Investors include Jeff Bezos, Temasek, BDC Capital, and Chrysalix Venture Capital. In an General Fusion's reactor, a liquid metal wall surrounds a chamber in which plasma is injected. Pistons surrounding the wall push it inward, compressing the plasma inside and sparking a fusion reaction. The resulting neutrons heat the liquid metal, which can be circulated through a heat exchanger to generate steam to spin a turbine. General Fusion hit a rough patch in spring 2025. The company ran short of cash as it was building LM26, its latest device that it hoped would hit breakeven in 2026. Just days after hitting a key milestone, it laid off 25% of its staff. Tokamak Energy Tokamak Energy takes the usual tokamak design — the doughnut shape — and squeezes it, reducing its aspect ratio to the point where the outer bounds start resembling a sphere. Like many other tokamak-based startups, the company uses high-temperature superconducting magnets (of the rare earth barium copper oxide, or REBCO, variety). Since its design is more compact than a traditional tokamak, it requires less in the way of magnets, which should reduce costs. The Oxfordshire, UK-based startup's ST40 prototype, which looks like a large, steampunk Fabergé egg, generated an ultra-hot, 100 million degree C plasma in 2022. Its next generation, Demo 4, is currently under construction and is intended to test the company's magnets in 'fusion power plant-relevant scenarios.' Tokamak Energy raised $125 million in November 2024 to continue its reactor design efforts and expand its magnet business. In total, the company has raised $336 million from investors including Future Planet Capital, In-Q-Tel, Midven, and Capri-Sun founder Hans-Peter Wild, according to PitchBook. Zap Energy Zap Energy isn't using high-temperature superconducting magnets or super-powerful lasers to keep its plasma confined. Rather, it zaps the plasma (get it?) with an electric current, which then generates its own magnetic field. The magnetic field compresses the plasma about 1 millimeter, at which point ignition occurs. The neutrons released by the fusion reaction bombard a liquid metal blanket that surrounds the reactor, heating it up. The liquid metal is then cycled through a heat exchanger, where it produces steam to drive a turbine. Like Helion, Zap Energy is based in Everett, Washington, and the company has raised $327 million, according to PitchBook. Backers include Bill Gates' Breakthrough Energy Ventures, DCVC, Lowercarbon, Energy Impact Partners, Chevron Technology Ventures, and Bill Gates as an angel. Proxima Fusion Most investors have favored large startups that are pursuing tokamak designs or some flavor of inertial confinement. But stellarators have shown great promise in scientific experiments, including the Wendelstein 7-X reactor in Germany. Proxima Fusion is bucking the trend, though, having attracted a €130 million Series A that brings its total raised to more than €185 million. Investors include Balderton Capital and Cherry Ventures. Stellarators are similar to tokamaks in that they confine plasma in a ring-like shape using powerful magnets. But they do it with a twist — literally. Rather than force plasma into a human-designed ring, stellarators twist and bulge to accommodate the plasma's quirks. The result should be a plasma that remains stable for longer, increasing the chances of fusion reactions. Marvel Fusion Marvel Fusion follows the inertial confinement approach, the same basic technique that the National Ignition Facility used to prove that controlled nuclear fusion reactions could produce more power than was needed to kick them off. Marvel fires powerful lasers at a target embedded with silicon nanostructures that cascade under the bombardment, compressing the fuel to the point of ignition. Because the target is made using silicon, it should be relatively simple to manufacture, leaning on the semiconductor manufacturing industry's decades of experience. The inertial confinement fusion startup is building a demonstration facility in collaboration with Colorado State University, which it expects to have operational by 2027. Munich-based Marvel has raised a total of $161 million from investors including b2venture, Deutsche Telekom, Earlybird, HV Capital, and Taavet Hinrikus and Albert Wenger as angels. First Light First Light dropped its pursuit of fusion power in March 2025, pivoting instead to become a technology supplier to fusion startups and other companies. The startup had previously followed an approach known as inertial confinement, in which fusion fuel pellets are compressed until they ignite. First Light, which is based in Oxfordshire, U.K., has raised $140 million, according to PitchBook, from investors including Invesco, IP Group, and Tencent. Xcimer Though nothing about fusion can be described as simple, Xcimer takes a relatively straightforward approach: follow the basic science that's behind the National Ignition Facility's breakthrough net-positive experiment, and redesign the technology that underpins it from the ground up. The Colorado-based startup is aiming for a 10-megajoule laser system, five times more powerful than NIF's setup that made history. Molten salt walls surround the reaction chamber, absorbing heat and protecting the first solid wall from damage. Founded in January 2022, Xcimer has already raised $109 million, according to PitchBook, from investors including Hedosophia, Breakthrough Energy Ventures, Emerson Collective, Gigascale Capital, and Lowercarbon Capital.
E&E News
2 days ago
- Business
- E&E News
Bipartisan bill would move DOE office to Pennsylvania
Pennsylvania's senators are sponsoring legislation to move the Department of Energy's Office of Fossil Energy from Washington to Pittsburgh. Sen. Dave McCormick, a Republican, and Sen. John Fetterman, a Democrat, last week teamed up to introduce the bill, which would force the move a year after passage. 'For far too long, federal agencies in Washington have been physically removed from the workers and industries they regulate,' McCormick said in a statement. Advertisement 'I'm proud to partner with Senator Fetterman on this legislation to bring a critical Energy Department office to Pittsburgh near the heart of the Marcellus.'
Irish Times
2 days ago
- Business
- Irish Times
Data centres and other large users of electricity to be allowed to build and operate own lines to power plants
The Government is to make it easier for large energy users such as data centres to power themselves independently under a new policy to be published next month. The impact of demand from data centres on the electrical power system has become a significant policy hurdle in recent years, with the secretary general of the Department of Energy most recently indicating that the State faced a stark choice between providing energy for housing or for data centres. The Government has rejected this contention, though Minister for Energy Darragh O'Brien is to publish next month a new policy on so-called 'private wires' that will expand the rights of private operators to build and operate electricity infrastructure, including between power sources and data centres. When the new policy is put in place, it will represent a departure from the current practice where in almost all circumstances the ESB , the commercial semistate company, has an exclusive legal right to own such infrastructure. READ MORE The Government believes the reforms will enable private investment into such infrastructure and free up grid capacity for housing or other sectors of the economy. Coalition figures argued it would also bring new flexibility for small businesses and households. A spokeswoman for Mr O'Brien confirmed a national policy statement will be published in July and that the Government would then make necessary legislative and regulatory changes. 'The private wires policy will unlock private sector resources to build new electricity infrastructure by expanding the rights of private undertakings to connect supply directly with demand,' she said. She said that the Coalition believed it would support Irish companies to compete globally and attract more inward investment. The Programme for Government, which guides policymaking, contained a commitment to expedite the publication of the policy. It is expected that primary legislation and updated regulations will be needed to give effect to the policy, which is also thought to entail significant additional work for the Commission for Regulation of Utilities , the regulator responsible for permitting such wires. Its legal powers and resources will also be beefed up. The policy is expected to allow for the construction and operation of private wires in several specific scenarios when it is determined that allowing private investment in an electricity line is the most efficient approach to a new connection and in the public interest. These will include private electricity lines from a generator to a consumer – such as from a power plant to a data centre – and hybrid connections where two facilities, such as a solar farm and wind farm, could share a single grid connection. There will also be changes to legislation to allow for lines to be run in public or shared spaces to allow on-street charging. It will also allow for the expansion of self-supply and will clarify that connection between two separate firms is allowed. It is understood that Taoiseach Micheál Martin is pushing for the policy to be fast-tracked. However, industry sources said that even with moves on private wires, Ireland had become a less attractive destination for data centres due to wider constraints on the energy system and the scale of resources needed by the facilities involved in processing artificial intelligence -related work. The construction of new data centres has been held back in recent years, especially around Dublin where the electricity grid is close to capacity. Last year, the Department of Energy, then led by former Green Party leader Eamon Ryan , published a set of guiding principles that hinted at how energy infrastructure might change, but made no immediate changes to policy.
Sustainability Times
3 days ago
- Science
- Sustainability Times
'Bury Them Deep': Nuclear Reactors Planted One Kilometer Underground Could Deliver Cheap and Ultra-Safe Energy for Decades
IN A NUTSHELL 🔬 Deep Fission introduces a revolutionary energy concept with miniature nuclear reactors placed in deep boreholes. introduces a revolutionary energy concept with miniature nuclear reactors placed in deep boreholes. 💡 The design involves a pressurized water reactor, operating at high pressure and temperature, situated over 3,280 feet underground. 🌍 Borehole reactors offer significant advantages, including passive cooling and minimal environmental risk, while being cost-effective. 🚀 With $4 million in funding, this ambitious project is under evaluation by the U.S. Department of Energy for its potential impact on sustainable energy. In the quest for safer and more affordable energy solutions, the American startup Deep Fission has ventured into uncharted territory with its revolutionary concept: a miniature nuclear reactor placed deep within a borehole. This innovative approach seeks to address the long-standing challenges associated with nuclear energy, promising a future where power generation is both sustainable and secure. By harnessing the power of nuclear fission in an unconventional setting, Deep Fission aims to redefine how we think about energy production and its potential impact on the environment. Revolutionizing Energy with Underground Nuclear Fission Nuclear energy, once hailed as the ultimate solution for humanity's growing energy demands, has faced its share of skepticism. Despite its potential for providing nearly limitless power, the legacy of disasters like Chernobyl and Fukushima looms large, casting a shadow over its widespread adoption. Adding to this are the high costs associated with constructing and operating nuclear plants, which have deterred large-scale deployment. Deep Fission's groundbreaking approach seeks to tackle these issues head-on. Their design involves a pressurized water reactor measuring approximately 30 inches in diameter. Operating at a pressure of about 2,320 psi and a temperature of 599 °F, this reactor mirrors the functionality of its conventional counterparts. The unique twist lies in its placement: the reactor is positioned at the bottom of a borehole over 3,280 feet deep, providing a secure and isolated environment. 'China Moves Decades Ahead': World's First Fusion-Fission Hybrid Reactor Set to Eclipse U.S. Efforts by 2030 The Significant Advantages of Borehole Reactors The borehole reactor concept offers several compelling advantages. Utilizing the same type of fuel and components as traditional reactors, it boasts minimal moving parts, save for remotely operated control rods that modulate the nuclear reaction. This simplicity reduces the likelihood of mechanical failures and streamlines maintenance procedures. In instances requiring inspection or servicing, cables can swiftly hoist the reactor to the surface within a couple of hours. The substantial column of water above the reactor naturally pressurizes it, enabling passive cooling and eliminating the need for complex containment systems. Nestled within solid rock and distanced from water tables, the reactor poses minimal environmental risk. In the unlikely event of a malfunction, sealing the borehole would effectively contain any potential hazards, offering a layer of security unmatched by traditional nuclear facilities. 'Reactor Has a Mind Now': U.S. Nuclear Plants Given Digital Twins That Predict Failures Before They Even Exist With a recent infusion of $4 million in funding, Deep Fission's ambitious project has captured the attention of the U.S. Department of Energy, which is set to evaluate its potential and viability. Potential Impact on the Energy Landscape The introduction of borehole reactors could herald a new era in energy production. By minimizing the physical footprint and mitigating environmental risks, these reactors present a compelling case for widespread adoption. Furthermore, their cost-effectiveness and operational efficiency could make nuclear power a more attractive option for nations striving to reduce carbon emissions and transition to sustainable energy sources. 'China Leaves West in the Dust': Its Small Nuclear Reactor Leap Puts Beijing Years Ahead in the Future of Clean Energy Moreover, the scalability of this technology could facilitate its deployment in remote or underserved regions, providing a reliable power source where traditional infrastructure is lacking. This decentralization of energy production aligns with global efforts to democratize access to electricity, fostering economic growth and improving quality of life in developing areas. Challenges and Future Prospects Despite its promise, the borehole reactor concept is not without challenges. Regulatory hurdles, public perception, and technical uncertainties must be navigated before this technology can achieve mainstream acceptance. Rigorous testing and validation will be crucial to ensuring the safety and reliability of these reactors, addressing any concerns that may arise. Nevertheless, the potential rewards are substantial. As the world grapples with the dual challenges of climate change and energy demand, innovative solutions like Deep Fission's borehole reactors offer a glimmer of hope. By reimagining nuclear energy in a more secure and sustainable framework, we move closer to a future where clean power is accessible to all. With these advancements on the horizon, one must wonder: how will the energy landscape evolve in the coming decades, and what role will groundbreaking technologies play in shaping our sustainable future? 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