NUE Power Corp. (CSE: NUE | OTC: NUEPF | FSE: NUE1) announced on October 14, 2026, the appointment of the Honourable Tony Clement, P.C., to its Board of Directors, effective the same date. Clement, a former senior federal cabinet minister and current chair of the SMR Forum Advisory Board, brings extensive public policy and nuclear sector experience. The appointment directly supports NUE's expanding focus on power generation opportunities in Saskatchewan and the Prairie provinces, where nuclear and small modular reactor (SMR) development is gaining significant policy traction.

Key Points

  • NUE Power Corp. (CSE: NUE | OTC: NUEPF | FSE: NUE1) is an energy infrastructure development company focused on integrated power and energy-park opportunities.
  • Hon. Tony Clement, P.C., has been appointed to NUE's Board of Directors, effective October 14, 2026.
  • Clement served as a Member of Parliament from 2006 to 2019 and currently chairs the Advisory Board of the SMR Forum.
  • Investors may be watching how this appointment accelerates NUE's Saskatchewan development activity and government partnership strategy.

Tony Clement's Background and Role at the SMR Forum

Clement held several senior federal cabinet portfolios during his time as a Member of Parliament from 2006 to 2019, including Minister of Health, Minister of Industry, and President of the Treasury Board. Prior to federal office, he served as a cabinet minister in the Government of Ontario. He currently chairs the Advisory Board of the SMR Forum, a body that convenes industry, government, and investment leaders on the deployment of small modular reactors in Canada and internationally. The release states this combination of intergovernmental experience and nuclear sector leadership directly motivated NUE's decision to appoint him.

Saskatchewan Nuclear Policy Shift Creates Backdrop for NUE's Strategy

On September 29, 2026, the Government of Saskatchewan released its plan, Delivering Energy Security Through Nuclear Power, outlining a phased transition from coal-fired generation to nuclear, targeting at least 2,600 MW of nuclear generation by 2050, with further study of small modular reactors near Estevan. NUE established a development property under agreement in the Regina region, announced on August 7, 2026, though the company's disclosure notes that transaction has not yet closed. The provincial policy direction strengthens the strategic rationale for NUE's presence in Saskatchewan, according to the announcement.

Darkhan Energy Park and NUE's Long-Term Nuclear Vision

Beyond Canada, the release highlights NUE's Darkhan Energy Park in Mongolia, currently proposed as 600 MW of high-efficiency, low-emissions coal-fired generation and 100 MW of battery storage. The company states that nuclear, including SMR technology, is central to how it views the project's long-term development path. The disclosure notes, however, that the Darkhan Energy Park, including any role for nuclear, remains at an early stage. NUE also confirms it does not currently hold an interest in any nuclear or small modular reactor project, and there is no assurance that it will.