logo
CNL Team Recognized With CNIC 2024 Ecosystem Innovation Award for Production of Promising New Medical Isotope

CNL Team Recognized With CNIC 2024 Ecosystem Innovation Award for Production of Promising New Medical Isotope

Yahoo06-05-2025

'While Actinium-225 drugs have shown incredible potential to serve as a transformative cancer treatment, clinical trials and eventual drug approvals have been impeded by the tight supply scenario of Actinium-225,' commented Ram Mullur, CNL's Vice-President of Isotopes. 'More than seven years ago, CNL set out to address that challenge with the generator route of production of Actinium-225, and we are now moving ever-closer to industrial-scale production. This was enabled through the services and products provided by our collaborators, including the Sylvia Fedoruk Centre, and Advanced Cyclotron Systems. This achievement is also in support of Actineer, which is a joint venture founded in 2023 by ITM Isotope Technologies Munich SE (ITM), a leading radiopharmaceutical biotech company, and CNL. On behalf of CNL, I want to thank the CNIC for recognizing CNL, our collaborators and partners, and the people who are working so hard to bring this vision to life.'
The CNIC Awards are an annual celebration of the growth and success of Canadian isotope industry and the contributions and innovations of its members and leading Canadian individuals in government and industry. CNIC provides a platform for its community to nominate individuals and organizations who have demonstrated leadership and championed advocacy in the industry. Receiving the Ecosystem Innovation Award, which recognizes a major milestone or initiative in Canada's isotope industry, recognizes CNL's ongoing efforts to establish this first-of-a-kind production process in Canada, which brings a significant increase in the quantity of this material to market, and unlocks further research and clinical trials.
CHALK RIVER, Ontario, May 06, 2025 (GLOBE NEWSWIRE) -- Canadian Nuclear Laboratories (CNL), Canada's premier nuclear science and technology organization, is pleased to announce that it has been recognized by the Canadian Nuclear Isotope Council (CNIC) alongside the Sylvia Fedoruk Centre and Advanced Cyclotron Systems Inc. for being the first in Canada to produce Actinium-225, a promising new medical isotope in the fight against cancer, using a cyclotron and Radium-226 targets. The team was honoured with this year's CNIC Ecosystem Innovation Award at the annual awards ceremony held in Ottawa, Ontario on April 15 th .
Canadian Nuclear Isotope Council honours CNL, Sylvia Fedoruk Centre and Advanced Cyclotron Systems for first cyclotron irradiation of Radium-226 to produce Actinium-225 in Canada
Story Continues
'The Fedoruk Centre is proud to participate in this achievement with CNL. The work depended on access to the Saskatchewan Cyclotron Facility, which is owned by the University of Saskatchewan and operated by the Fedoruk Centre. Together, we have advanced the production of an exciting new medical isotope here in Canada,' commented John Root, Executive Director of the Fedoruk Centre. 'We must thank the federal and provincial governments who funded the cyclotron and infrastructure to make this innovation possible.'
'The first demonstration of Actinium-225 production by CNL using ACSI's TR-24 Cyclotron and targetry system is an important milestone for both organisations. I believe that we will continue this successful collaboration in developing technology that will help in achieving worldwide reliable supply of Actinium-225,' stated Richard Eppich, President and CEO of ACSI.
CNL is currently working as part of a network of organizations to establish a reliable, industrial-scale production process for Actinium-225. 'CNL has come a long way in the last seven years, and this award recognizes all of the hard work we have put in to help achieve this unmet need in the radiopharmaceutical industry,' added Mullur. 'But I am pleased to say that we are just getting started, and continue to refine, optimize and improve all aspects of the production process, from development through to the extraction and distribution of the final product. And with each step, our optimism continues to grow that this isotope has the potential to serve as a safe and effective treatment for a variety of cancers.'
To learn more about CNL, including its work to produce Actinium-225, please visit www.cnl.ca.
About CNL
As Canada's premier nuclear science and technology laboratory and working under the direction of Atomic Energy of Canada Limited (AECL), CNL is a world leader in the development of innovative nuclear science and technology products and services. Guided by an ambitious corporate strategy known as Vision 2030, CNL fulfills three strategic priorities of national importance – restoring and protecting the environment, advancing clean energy technologies, and contributing to the health of Canadians.
By leveraging the assets owned by AECL, CNL also serves as the nexus between government, the nuclear industry, the broader private sector and the academic community. CNL works in collaboration with these sectors to advance innovative Canadian products and services towards real-world use, including carbon-free energy, cancer treatments and other therapies, non-proliferation technologies and waste management solutions.
To learn more about CNL, please visit www.cnl.ca.
About the Sylvia Fedoruk Centre
The Fedoruk Centre is a not-for-profit corporation with the University of Saskatchewan (USask) as its sole member and an independent board of directors appointed by the USask board of governors. The Fedoruk Centre board is responsible for providing high-level strategic direction and oversight of Fedoruk Centre operations.
For more information about the Fedoruk Centre, visit: www.fedorukcentre.ca
About Advanced Cyclotron Systems Inc.
Advanced Cyclotron Systems, Inc. (ACSI) is a world leader in the design and manufacturing of cyclotron systems. With over 30 years of experience and more than 60 cyclotron systems installed, ACSI can provide a wide range of equipment and services worldwide. ACSI cyclotrons are used for the commercial production and distribution of PET and SPECT nuclides by internationally recognized companies and leading universities and research facilities. ACSI cyclotrons are designed, manufactured, and assembled in Richmond, Canada.
ACSI offers a full spectrum of cyclotron systems ranging from PET cyclotrons to medium and high energy accelerators. All ACSI manufactured cyclotrons have variable energy and employ external ion source technology, offering the highest beam current output available on the market.
The versatility, high beam current and exceptional quality of ACSI cyclotrons are the reasons why many of the world's most prestigious universities and research centers, as well as some of the most successful commercial radioisotope producers have chosen ACSI cyclotrons to meet their radioisotope production needs.
ACSI headquarters and manufacturing facility is located in Richmond, BC, Canada.
For more information, please visit www.advancedcyclotron.com.
CNL Contact:
Philip Kompass
Director, Corporate Communications
1-866-886-2325
media@cnl.ca
Sylvia Fedoruk Centre Contact:
Daniel Hallen
USask Media Relations
daniel.hallen@usask.ca
306-966-6922
Advanced Cyclotron Systems Inc. Contact
Alex Zyuzin
Director of Research & Business Development
azyuzin@advancedcyclotron.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/13192f18-235c-42e2-8bce-2e97b6df9c16

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

G7 summit ends without joint communiqué, but Canada, India reach diplomatic truce
G7 summit ends without joint communiqué, but Canada, India reach diplomatic truce

Hamilton Spectator

time2 hours ago

  • Hamilton Spectator

G7 summit ends without joint communiqué, but Canada, India reach diplomatic truce

KANANASKIS - Canada failed to rally the U.S. to voice the same support for Ukraine as European and Japanese allies, but ended the G7 summit in Alberta on Tuesday with an agreement with India to restore top diplomats in both countries. The G7 summit came to a close after the group's leaders issued a series of joint statements on key priorities. As expected, the leaders did not issue a joint communiqué, the lengthy statement outlining shared views that typically ends G7 summits. Instead, there were several statements on individual issues ranging from transnational repression and migrant smuggling to AI and quantum technology. There was no joint statement on the war in Ukraine, even though Prime Minister Mark Carney had made support for the country one of the summit's key discussion topics on Tuesday, inviting President Volodymyr Zelenskyy to attend the event in person. A senior Canadian government official — who briefed reporters at the G7 on background — said the U.S. was offside with the other countries on Ukraine and sought weaker language than what the other members proposed. Canada planned to use the language the other countries agreed to in its closing chair's statement. Ottawa did not want to release a weak statement, the official said. The official said that it was challenging to get the U.S. to agree on a statement on Ukraine in part because Washington is trying to negotiate a ceasefire or peace deal between Russia and Ukraine. Carney outlined $4.3 billion in new Canadian support for Ukraine's defence and another set of sanctions on Russia as he met with Zelenskyy on the sidelines of the G7 summit on Tuesday morning. That sum includes $2 billion for the purchase and donation of weapons and matériel, along with a $2.3-billion loan to help the embattled country rebuild its infrastructure, to be repaid by interest on frozen Russian assets. French President Emmanuel Macron said Carney fulfilled his mission as G7 host by preserving the unity of the multilateral organization. 'We shouldn't ask the Canadian presidency to resolve every issue on earth today. That would be unfair. But he held the group together,' said Macron, who will host the G7 next year. The G7 leaders note they are 'deeply concerned by growing reports of transnational repression,' defined in the statement as an aggressive form of foreign interference which sees states or their proxies try to intimidate, harass, harm or coerce people outside their borders. The statement condemns all forms of transnational repression, which can include activities ranging from cyber-surveillance to assassination. It says a G7 initiative led by Canada that tracks online misinformation and threats to democracy, the Rapid Response Mechanism, will have its public reports include updates on transnational repression, and that the group will co-ordinate ways to counter those threats. The statement was published just before Carney met with his Indian counterpart, Narendra Modi, whose government has been singled out by Canadian intelligence officials as a prolific perpetrator of foreign interference in Canada, including transnational repression. As their bilateral meeting began Tuesday, Carney said it was 'a great honour' to host Prime Minister Modi at the G7. 'It's a testament to the importance of your country, to your leadership, and to the importance of the issues that we look to tackle together,' Carney said, noting those issues include the energy transition, the future of AI and the fight against transnational repression and terrorism. Speaking through a translator, Modi said attending the G7 summit offers a great opportunity to serve the world. 'I believe that India-Canada relations are extremely important, and India and Canada should work together,' Modi said, noting that the two countries share democratic values. Following their meeting, Carney's office said the two leaders agreed to designate new high commissioners and restore regular diplomatic services to citizens in both countries. In 2023 and 2024, former prime minister Justin Trudeau and the RCMP said there was evidence linking agents of the Indian government to the murder of Canadian Sikh separatist activist Hardeep Singh Nijjar in Surrey, B.C., in June 2023. Last October, RCMP Commissioner Mike Duheme said the Mounties had evidence linking Indian government officials to other crimes in Canada, including extortion, coercion and homicide. Later that month, Canada announced it had expelled six Indian diplomats who refused to waive their diplomatic immunity in order to participate in the RCMP investigation — including the high commissioner. India expelled the acting Canadian high commissioner in New Delhi and five other Canadian diplomats in response, and the posts have remained vacant since then. Carney's decision to invite Modi to the G7 drew criticism from some Sikh organizations in Canada. The G7 leaders also signed on to a statement pledging to tackle migrant smuggling, including by exploring the potential use of sanctions to target criminals involved in migrant smuggling and human trafficking operations. Another statement pledged to explore ways to benefit public services using artificial intelligence, including a Canadian initiative to 'increase government efficiency' at a time when Ottawa and most G7 peers seek to cut back spending on their civil service. A wider group of signatories, which includes Australia, India and South Korea, is committing to working together to invest in responsible critical minerals projects. Australia, India, Mexico, South Korea and South Africa also signed on with the G7 to a wildfire charter that calls for co-operation to prevent, fight and recover from devastating fires. The G7 leaders did release a statement Monday evening calling for a de-escalation of hostilities in the Middle East in response to continued fighting between Israel and Iran. That came shortly before U.S. President Donald Trump announced he planned to leave the summit a day early to deal with the ongoing crisis. Treasury Secretary Scott Bessent remained in Kananaskis on Tuesday as the American delegation's lead. — With files from Emilie Bergeron in Kananaskis and Sarah Ritchie in Ottawa This report by The Canadian Press was first published June 17, 2025. Note to readers:This is a corrected story. A previous version said that the G7 leaders could reach agreement on a statement about the ongoing war in Ukraine. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .

Valkea Upsizes Private Placement to C$4 Million
Valkea Upsizes Private Placement to C$4 Million

Yahoo

time3 hours ago

  • Yahoo

Valkea Upsizes Private Placement to C$4 Million

Vancouver, British Columbia--(Newsfile Corp. - June 17, 2025) - Valkea Resources Corp. (TSXV: OZ) (OTCQB: OZBKF) (the "Company" or "Valkea") announces that it has increased the size of its previously announced non-brokered private placement (the "Financing") from C$3,000,000 to gross proceeds of up to C$4,000,000. The upsized offering will consist of up to 16,000,000 units of the Company (the "Units") at a price of $0.25 per Unit. Each Unit is comprised of one common share of the Company (a "Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant") of the Company. Each Warrant will entitle the holder to purchase one common share of the Company at an exercise price of C$0.35 for a period of 18 months following the closing date of the Financing, provided that, if, following the date that is four months from the closing date of the Financing, the closing price of the Shares on the TSX Venture Exchange (the "TSXV"), or other such Canadian stock exchange on which the Shares are then principally traded, equals or exceeds $0.50 per Share, for a period of ten consecutive trading days during the exercise period, the Company may accelerate the expiry date of the Warrants to the date which is 30 trading days from the date notice is given by the Company, by way of dissemination of a news release, to the holders of the Warrants. The Financing remains subject to TSXV approval. In connection with the Financing, the Company may pay finder's fees up to 6% cash and up to 6% in finder's warrants to eligible finders. Closing of the Financing is subject to receipt of all necessary approvals, including that of the Board of Directors and the TSXV. Proceeds from the Financing will be used for exploration and working capital purposes. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. All the securities issuable under the Financing will be subject to a four-month hold period from the date of closing of the Financing. About Valkea ResourcesValkea Resources is at the forefront of gold exploration in Finland's highly prospective Central Lapland Greenstone Belt (CLGB). With an extensive portfolio of high-potential projects, including the flagship Paana project, Valkea Resources is committed to discovering and advancing significant gold deposits in one of the world's emerging gold districts. Contact Information For more information, please contact: Chris Donaldson, Chief Executive Officer and Director Tel: (604) 813-3931 | Email: info@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains forward-looking statements or forward-looking information relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements in this news release include but are not limited to statements regarding the Company's exploration plans. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable. Assumptions have been made regarding, among other things: the Company not receiving the necessary regulatory approvals in respect of the Financing; recent market volatility; the inability of the Company to use the proceeds of the Financing as currently anticipated; and the state of the financial markets for the Company's securities. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward-looking statements. Such risks, uncertainties and other factors include but are not limited to: the Company's early stage of development; the fluctuation of the price of metals; the availability of additional funding as and when required; the speculative nature of mineral exploration and development; the timing and ability to maintain and, where necessary, obtain necessary permits and licenses; the uncertainty in geologic, hydrological, metallurgical and geotechnical studies and opinions; infrastructure risks, including access to water and power; environmental risks and hazards; risks associated with negative operating cash flow; and risks associated with dilution. For a further discussion of risks relevant to the Company, see the Company's other public disclosure documents. Although management has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There is no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except as, and to the extent required by, applicable securities laws. NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Canada's TC Energy erases $199 million damages loss in Delaware appeal over Columbia takeover
Canada's TC Energy erases $199 million damages loss in Delaware appeal over Columbia takeover

Yahoo

time3 hours ago

  • Yahoo

Canada's TC Energy erases $199 million damages loss in Delaware appeal over Columbia takeover

By Jonathan Stempel (Reuters) -Delaware's highest court on Tuesday threw out a judge's order requiring Canadian pipeline operator TC Energy to pay $199.2 million of damages stemming from its $13 billion purchase of Columbia Pipeline Group in 2016. The case was brought by Columbia shareholders who wanted TC Energy held liable for cutting the takeover price to $25.50 per share from $26, enabling former Columbia Chief Executive Robert Skaggs and Chief Financial Officer Stephen Smith to collect large change-of-control payments known as golden parachutes. In May 2024, Vice Chancellor Travis Laster of the Delaware Chancery Court awarded the Columbia shareholders 50 cents per share, equal to $199.2 million. But the Delaware Supreme Court cited its December 2024 ruling in another case that acquirers such as TC Energy could be liable for assisting a seller's breach of fiduciary duty only if they knew about the breach and that their own conduct was wrong. "For understandable reasons, that standard was not applied here," and despite a "mountainous trial record" the standard was not met, Justice Gary Traynor wrote in a 100-page decision for a unanimous five-judge panel. "The Court of Chancery did not find that TransCanada had actual knowledge of Skaggs's and Smith's breach of duty of loyalty or that the Columbia board was failing to maintain meaningful oversight of the sale process," Traynor wrote. "Lacking actual knowledge of the sell-side breaches, TransCanada could not have knowingly participated in them." Lawyers for the Columbia shareholders did not immediately respond to requests for comment after business hours. TC Energy and its lawyers did not immediately respond to similar requests. Skaggs and Smith agreed before trial to pay $79 million to settle with Columbia shareholders. The case is In re Columbia Pipeline Group Inc Merger Litigation, Delaware Supreme Court, No. 281, 2024. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store