regulatory
confidence high
sentiment positive
materiality 0.50
Deep Isolation wins Texas Railroad Commission drilling permit for Cameron, TX nuclear waste pilot
Deep Isolation Nuclear, Inc.
- Texas Railroad Commission issued a drilling permit for the Commercialization Pilot near Cameron, Texas, advancing the project toward construction and field activities.
- Pilot is a full-scale, end-to-end demonstration of Deep Isolation's deep borehole disposal technology using non-radioactive materials, generating field data for future commercial deployment.
- Project partners include Halliburton (NYSE: HAL), Amentum (NYSE: AMTM), NAC International (TYO: 7004), Occlusion Nuclear Solutions and the Deep Borehole Demonstration Center.
- Jesse Sloane, EVP of Engineering, called the permit 'a major milestone'; Halliburton SVP Steve Haden cited its subsurface, drilling and well-construction role in drilling the new well.
- Company's principal offices moved to 5717 Legacy Drive, Suite 250, Plano, TX 75024 from 2001 Addison Street, Berkeley, CA; shares trade OTCQB: DBHL.