NOVEMBER has not been a particularly good month for the nuclear industry, and the biggest story of the month (so far), which actually broke on Oct. 29, has a direct bearing on nuclear aspirations in this country.
On Oct. 29, Ultra Safe Nuclear Corp. (USNC), one of the very few advanced nuclear technology developers to have made tangible progress in the past couple of years, filed for Chapter 11 bankruptcy at the US Bankruptcy Court for the District of Delaware. Under a Chapter 11, a company can continue to operate while undergoing a reorganization to cover its debts through a combination of selling off assets or ownership shares in the company and negotiating debt settlements with creditors.
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