> 1. There are a number of sites that have the geological stability and impermeability for long term storage.

And yet, not one of them has been developed into a storage facility so far. Also, see https://news.ycombinator.com/item?id=32471115 – having prospective storage sites that look nice and stable is great and all, just not the current reality, and likely also not a near-future reality.

> 2. Thorium reactors can take nuclear waste products and re-process them down

Would be good to have them, not a single one commercially operating at the moment though. China has apparently built a test reactor recently – curious to see how that develops.