Velan Inc. Secures Major Bruce Power Valve Contract

Velan Inc. SV (TSE:VLN) has released an update.

Bruce Power has entered into a decade-long, $50-million alliance with Velan Inc., potentially doubling to $100 million, for valve supply and services as part of Ontario’s largest clean-energy initiative. The agreement aids Bruce Power’s Life-Extension Program, ensuring clean energy production until 2064 and fostering significant economic activity and job creation in Canada. Velan’s commitment to this deal marks a significant step in their nuclear power growth strategy, reinforcing a longstanding partnership with Bruce Power.

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