Another landmark contract, paving the way for SMR!
Is this not the contract/PR mentioned above?
It’s not 2 x separate contracts from what I could see.
Though, not directly link to RR.
Positive news coming out around SMR’s from the UK government
Only 4 kilograms of uranium are required to power nuclear submarines for 30 years without refueling. The reactors used in nuclear submarines are based on highly enriched uranium (HEU), which contains 90% or more uranium-235. This enriched uranium can produce a large amount of energy in small quantities.
4-5 kilograms of enriched uranium can power a nuclear submarine for several decades, as nuclear fission reactions produce a tremendous amount of energy. The energy produced by the fission of one kilogram of uranium-235 is equivalent to approximately 24,000,000 kilowatt-hours.
The efficient use of fuel in nuclear reactors and the design of the reactor itself eliminate the need for frequent fuel replacements. Nuclear submarines do not require fuel replacements for 20-30 years, which is a significant technological advantage for their long-term missions.
This is why nuclear submarines have greater autonomy than conventional diesel-electric submarines.
Kinda wish I kept this stock always liked it but I made a profit on it like a few others and shoved it into other stocks.
Sitting on a nice profit, but a long term hold for me.
Hay there my good Buddy there is nothing stopping you from jumping back on board you know at the current point it is a steal in my Humble opinion @ £6.04 I’ve just today added some more to my holdings 
I agree and it will pay us back in the coming years, 1 when they reinstate their Dividend payments and as the stock price rises due to the numerous contracts they are sure to receive in the future.
Nice gain, just a shame it’s only 2 shares! 
As I’ve been scooping up shares as they’ve been going up, my average price per share is now £3.46.
Will stop when I get to a nice round 1000 shares I think (currently at around 750)
What an 18 months these have had
Results out today. Superb. Buying back shares and 6p div!
Could be a good day
So will Freetrade let us take part in the DRIP? Or will we have to do it manually?
Nice article to read and I did expect the institutions would slowly start talking up positions because not only is it an Excellent Company now but from the investment perspective if they get the go ahead to develop and deploy the SMR the share price will triple or do even better.
I’m happy buy and Hold this Stock for the next few years and see how it goes
Up 837% my average buy is £0.7872 on 450 shares. Wish i had carried on buying when it started to go up but i didn’t. Cant bring myself to pay £7.00 plus for a share now.
I bought 400 shares the day before it leaped. They say its time in the market not timing the market, proved wrong on this one occasion!
Let’s hope they continue to rise with news of a 1 billion share buy back and a dividend payment.
They government are still very cagey about the SMR development. I see on questiontime tonight the labour MP wouldn’t commit to a decision around SMR development.
But I read they have already invested 210 million in rolls royce SMR.
I think two company’s may ultimately get the SMR contracts with RR being one.
I’m in exact boat. Wish I loaded up like a madman at the 70p to 90p levels.
But also. Just continued to average up
Oh well. Hindsight is a wonderful thing
Live and learn.
Menu
Search GOV.UK
Guidance
Small Modular Reactors: technology selection process
Progress of GBN’s Small Modular Reactor (SMR) technology selection process.
From:
Great British Nuclear
Published
18 July 2023
Last updated
28 February 2025 — See all updates
Contents
Print this page
In July 2023, GBN issued a Contract Notice setting out an intention to enter into a two Stage contract for design, development and construction contract with those successful bidders.
Procurement Progress To-Date
- In July 2023, interested parties were required to respond to a selection questionnaire. This concluded in August 2023.
- In October 2023, GBN down-selected six technologies, who would be eligible to bid into the next phase of the procurement.
- In March 2024, these six vendors were invited to submit initial tenders. GBN received five bids by the July 2024 submission deadline.
- In September 2024, GBN concluded the initial tender phase of the technology selection process. The down-selected companies are:
- GE-Hitachi Nuclear Energy International LLC
- Holtec Britain Ltd
- Rolls Royce SMR Ltd
- Westinghouse Electric Company UK Ltd
5.In October 2024, GBN issued an Invitation to Negotiate to the four companies.
6.In February 2025, GBN issued an Invitation to Submit Final Tenders. Once final tenders are received, GBN will evaluate these, with final decisions on which technologies to select to be taken in the spring.