Small modular reactors are very well placed to provide the necessary power for industrial applications. We're seeing that globally but, particularly in the U.S., companies are really starting to explore those partnerships and develop those technologies for industrial purposes that are very energy-intensive.
How this ties into uranium enrichment is that all small modular reactor technology that we know today and is being developed would require enriched uranium to operate. As I illustrated in my opening remarks, this is a technology new to Canada, because we've historically operated the CANDU reactor, which operates on natural uranium. In any sort of industrial application for which we're scoping an SMR or an even smaller reactor—say, a microreactor in the Canadian north—any deployment of that reactor technology would require enriched uranium. There have been lots of industry feasibility studies and whatnot, but I think, as we're seeing the adoption of the technology in North America as a whole, we're really seeing those opportunities and commercial viability come to pass.
Something unique about the region of Hamilton as well is that Hamilton has a historical steel industry that has supported the nuclear supply chain in Canada and North America. This industry would continue to see great viability and applicability of their skills as we see the development of SMR technology in North America.