Silex Systems Advances Uranium Enrichment Technology with GLE

Silex Systems Limited ( (AU:SLX) ) just unveiled an update.

Silex Systems Limited announced progress in the commercialization of its SILEX uranium enrichment technology through its joint venture, Global Laser Enrichment (GLE). The company is advancing a large-scale technology demonstration at GLE’s facility in Wilmington, NC, expected to complete by year-end, and is preparing to submit a license application for a commercial plant in Kentucky. The developments align with US government priorities to expand domestic nuclear energy capabilities, potentially benefiting from recent executive orders aimed at strengthening the sector.

The most recent analyst rating on (AU:SLX) stock is a Buy with a A$6.46 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 a technology commercialization company primarily focused on the SILEX laser enrichment technology for uranium enrichment. The company is also developing applications for silicon-based quantum computing and medical isotope separation. Silex holds a 51% interest in Global Laser Enrichment (GLE), a joint venture with Cameco Corporation, aimed at re-establishing domestic fuel production capacity in the US for the nuclear power industry.

Average Trading Volume: 1,071,191

Technical Sentiment Signal: Sell

Current Market Cap: A$821.5M

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