The British equivalent of a bankruptcy trustee is seeking bids for the assets of Moltex Energy Ltd., including the Canadian subsidiary that’s working on a small modular nuclear reactor (SMR) for New Brunswick’s Point Lepreau site. (The Logic)

Talking point: The U.K. parent has another subsidiary there, developing a small-reactor design different from its Canadian sibling’s. Both subsidiaries are carrying on; Moltex Canada’s CEO Rory O’Sullivan told The Globe and Mail it will be something of a relief to have new owners and the prospect of new investment in the business. Moltex Canada has received tens of millions of dollars in federal support; the SMR design it’s working on is for a 300-megawatt reactor, large by SMR standards, and would run on waste from larger Candu reactors. In March, the company announced success in reprocessing used Candu fuel.