The exterior of the Point Lepreau Nuclear Generating station in Lepreau, N.B.Kevin Bissett/The Canadian Press
More than a year after the parent company of New Brunswick nuclear technology developer Moltex Energy Canada Inc. entered into a British insolvency proceeding, “advanced” negotiations with a potential buyer are progressing, according to an insolvency practitioner supervising the sale.
The parent company, Manchester-based Moltex Energy Ltd., began the proceedings in March, 2025, with the objective of rescuing itself as a going concern. A report by insolvency practitioner Jonathan Mark Amor published this week said exclusive talks with a new bidder have been in progress since December last year.
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