Terrestrial Energy Announces Initial Collaboration with Oak Ridge National Laboratory

MISSISSAUGA, ON – January 7, 2015 – Terrestrial Energy Inc. (the “Company”) announces that it has entered into an initial collaboration with Oak Ridge National Laboratory (ORNL) in Oak Ridge, TN, USA. This includes work that is part of Terrestrial Energy’s program to advance the Company’s Integral Molten Salt Reactor to the engineering blueprint stage, expected in late 2016.

ORNL involvement in Terrestrial Energy’s work on its IMSR design is most fitting as it was ORNL that built and demonstrated the first molten salt reactor. ORNL is the site of the Molten Salt Reactor Experiment (MSRE), where a 7.4 MWth test reactor operated successfully from 1965 to 1969. Terrestrial Energy’s basic concept builds upon the MSRE operational data generated and then further builds upon ORNL’s Denatured Molten Salt Reactor (DMSR) design, which is the basis of Terrestrial Energy’s IMSR. Today, ORNL remains at the forefront of research in advanced nuclear technologies. Former ORNL scientists have been appointed to the Company’s International Advisory Board, including Mr. John Richard Engel, who played a central role in ORNL’s MSRE work, and Dr. David Hill, former divisional director of ORNL; Dr. Hill is a member of the Company’s board of directors. ORNL has multiple nuclear and non-nuclear competencies that will be relevant to the Company’s R&D activities in follow-on collaborations planned in the future.

Dr. David Holcomb of ORNL, the US representative on behalf of the US Department of Energy to the Generation IV International Forum (GIF) technical steering committee on MSRs, made these comments: “Private sector engagement will be necessary to commercialize MSR technology, and ORNL is encouraged by Terrestrial Energy’s plans and commitment in the development of its Integral Molten Salt Reactor.”

About Oak Ridge National Laboratory (ORNL)

In World War II’s Manhattan Project, ORNL helped usher in the nuclear age. Today, laboratory scientists are leaders in using nuclear technologies and systems to improve human health; explore safer, more environmentally friendly power; and better understand the structure of matter. The laboratory provides leadership in the full spectrum of the nuclear fuel cycle, from fuel development to storage of used fuel. With government, industrial, and academic partners, ORNL researchers are using simulations and modeling to determine safe, efficient ways to extend the lives of nuclear reactors. Much of this work is accomplished through the ORNL-hosted partnership of government, academia, and industry called CASL (the Consortium for Advanced Simulation of Light Water Reactors). CASL is using the lab’s supercomputers and advanced modeling and simulation techniques to learn how to safely extend the life of reactors and implement new technology that’s more efficient and safer to use. ORNL also has a vision for new reactor technologies and solving real world problems in the area of nuclear science and engineering.