I would note and acknowledge that they invested just under $1 billion in the SMR demonstration project, the biggest ever in the Canada Infrastructure Bank. But what the U.S. Department of Energy is doing is looking at nuclear fuel and enriched nuclear fuel. Most of the small modular reactors are going to need what they call HALEU fuel, which is high-assay low-enriched uranium. Right now Russia is the only commercial provider of that, and if we want to have most of the SMR models fuelled, we will need more of it.
The Americans have been investing to promote companies, with high upfront capital costs to do that, but that's restricted to facilities in the United States. Even though, for example, Cameco has joint ventures with partners in the United States, only the partner in the United States can benefit from those government supports.
If we want to be a leader in SMRs, we already have the uranium ourselves. We already produce enriched fuel in Ontario, but it's for the CANDU reactors. We might want to look at or consider that as well. This would be around $1.5 billion, so it is a lot of money, but given the market and the potential, it's not out of order.