NMG will use the proceeds of the investment to support the finalization of the design, operation, marketing and corporate parameters of the Phase 2 commercial integrated operations.
Indonesia plans to ban the export of tin ingots to encourage investors to set up production facilities and develop its industries to process tin into other products at home.
Without a reliable source of the high assay low enriched uranium (HALEU) the reactors need, developers worry they won't receive orders for their plants.