Company withdrew its 2020 guidance for the mine in northern Brazil in September, after a power outage caused damage to all four of the operation’s SAG and ball mill motors.
Following the federal government’s release of the country’s Small Modular Reactor Action Plan, USNC-Power said it will continue to develop its Micro Modular Reactor.
The Jersey-based miner is interested in a project in the northern section of the currently closed Connemara mine, previously owned by First Quantum Minerals.