This is the rub. U238 doesn't fission, according to my references, it is a great absorber of "fast" newtrons, hence a good shielding material.
If the conditions are just right, the U238 becomes a U239 isotope and CAN, with the right conditions, become Pu239, Plutonium, which fissions quite well.
I doubt that this guy will ever demonstrate a self-sustaining reaction with the uranium left over in spent fuel. There are too many fission fragments in spent fuel acting as impurities that mess up the process.
Delayed neutrons are born in the keV (thousands of electron volt) range. They are born below the fast fission threshold of U-238.
Based on this article, I don't have a clue as to what they are trying to accomplish.
Delayed neutrons make up about 0.6% of all neutrons. Conventional thermal reactors, which include almost all of the power reactors now operating, depend on delayed neutrons for control of the reactor.