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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Other

Velan Awarded Important Valve Order for Pickering Nuclear Generation Station Refurbishment

By The Northwire Desk — AI Analysis Oct 20, 2025 · 13:55 VLN · 15.61 VELAN INC. SV
VLN · Price

Executive Summary

  • Velan Inc. secured a valve supply contract worth over CAD 20 million from Ontario Power Generation for Emergency Cooling Injection (ECI) valves on three reactors at the Pickering Nuclear Generation Station.
  • The first delivery is slated for January 2027, with all shipments to be completed by 31 January 2028.
  • The order reinforces Velan’s long‑standing relationship with OPG and highlights its role in supporting Canadian nuclear infrastructure and clean‑energy initiatives.

Key Details

  • Contract Value: CAD > 20 million for ECI valves (ASME III class 1).
  • Customer: Ontario Power Generation (OPG).
  • Application: Three reactors undergoing refurbishment at Pickering Nuclear Generation Station, one of the world’s largest nuclear facilities.
  • Delivery Schedule: First shipment – January 2027; final delivery – 31 January 2028.
  • Historical Relationship: Velan supplied original valves for the plant over 45 years ago and has provided ongoing support throughout construction and refurbishment programs.
  • Strategic Significance: Enhances Velan’s position as a trusted supplier to the nuclear sector, supports Canadian CANDU technology, and aligns with broader clean‑energy capacity expansion goals.

Notable Quotes

“Velan is proud to continue our partnership with OPG, supporting Canadian nuclear innovation and advancing CANDU technology,” – James Mannebach, CEO
“This order reflects our commitment to safety, reliability, and a sustainable energy future for Canada and beyond.” – James Mannebach, CEO

Read the original news release →

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