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Silex Systems Limited ( (AU:SLX) ) has shared an announcement.
Global Laser Enrichment, the exclusive licensee of Silex Systems’ SILEX uranium enrichment technology, has been selected by the U.S. Department of Energy for an Innovative Technology Award of up to US$28 million to advance next-generation laser-based uranium enrichment, though it missed out on a separate US$900 million Low Enriched Uranium supply award. GLE reaffirmed its strategy to progress the planned Paducah Laser Enrichment Facility, including re-enriching DOE high-assay depleted uranium tails to significantly boost U.S. domestic uranium and conversion supply, continue NRC licensing efforts, and deepen engagement with industry partners, positioning the SILEX technology as a potentially major future contributor to global nuclear fuel production and U.S. energy security.
The most recent analyst rating on (AU:SLX) stock is a Hold with a A$8.00 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 is an Australian technology company focused on commercialising its proprietary SILEX laser-based uranium enrichment process through its exclusive licensee, Global Laser Enrichment (GLE). The company targets the global nuclear fuel market, positioning its laser enrichment technology as a higher-efficiency alternative to conventional centrifuge-based enrichment, with applications across natural uranium, low-enriched uranium and advanced reactor fuels.
YTD Price Performance: 3.24%
Average Trading Volume: 1,491,428
Technical Sentiment Signal: Buy
Current Market Cap: A$2.48B
See more data about SLX stock on TipRanks’ Stock Analysis page.