The government body responsible for researching and establishing nuclear recycling systems will farm out its Canadian rights to explore for uranium to a firm jointly set up by four Japanese companies, government officials said Tuesday.
The Japan Nuclear Cycle Development Institute will pass on rights to explore for uranium in 14 locations in Canada to a firm set up by Itochu Corp., Mitsubishi Corp., Mitsubishi Materials Corp. and a uranium resource development company funded by several electric power companies, the officials said.
The institute reported the transfer of the rights to the Atomic Energy Commission on Tuesday, the officials said.