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Silex Systems Limited ( (AU:SLX) ) has issued an announcement.
Global Laser Enrichment (GLE), the exclusive licensee of Silex’s uranium enrichment technology, has submitted a comprehensive Safety Analysis Report to the US Nuclear Regulatory Commission for the Paducah Laser Enrichment Facility in Kentucky. This submission marks a crucial step towards obtaining a license to re-enrich depleted uranium tails, potentially establishing a new domestic source of uranium enrichment in the US by 2030. This development positions GLE as a leader in the US nuclear enrichment sector, with the potential to significantly impact nuclear fuel production through the SILEX technology, contingent upon favorable market conditions and industry support.
The most recent analyst rating on (AU:SLX) stock is a Buy with a A$6.21 price target. To see the full list of analyst forecasts on Silex Systems Limited stock, see the AU:SLX Stock Forecast page.
More about Silex Systems Limited
Silex Systems Limited operates in the nuclear technology industry, focusing on uranium enrichment technology. The company’s primary product is the SILEX uranium enrichment technology, which aims to contribute significantly to nuclear fuel production for current and future nuclear reactors.
Average Trading Volume: 1,294,024
Technical Sentiment Signal: Hold
Current Market Cap: A$1.03B
For an in-depth examination of SLX stock, go to TipRanks’ Overview page.