Silex Systems Limited ( (AU:SLX) ) has shared an announcement.
Silex Systems Limited has announced progress in its SILEX laser-based uranium enrichment technology, with Global Laser Enrichment (GLE) starting TRL-6 demonstration testing in Wilmington, NC. This testing is crucial for validating large-scale enrichment performance and is expected to be completed by the end of 2025. The company is also advancing its manufacturing capabilities to support future technology readiness levels. Additionally, GLE has secured initial funding from the US Department of Energy, marking a significant milestone in its commercialization efforts and potentially paving the way for larger-scale funding to support US energy security.
More about Silex Systems Limited
Silex Systems Limited operates in the nuclear technology industry, focusing on laser-based uranium enrichment technology. The company is involved in the development and commercialization of this technology, with a market focus on providing advanced solutions for uranium enrichment.
YTD Price Performance: -33.84%
Average Trading Volume: 15,448
Technical Sentiment Signal: Hold
Current Market Cap: $502M
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