Silex Systems Limited (AU:SLX) has released an update.
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Silex Systems Limited has made significant advancements in their SILEX laser-based uranium enrichment technology and is ahead of schedule, aiming to complete its critical TRL-6 demonstration by the end of 2024. The technology is poised to capitalize on the increasing demand for nuclear fuel due to global climate goals, emerging industrial needs, and energy security concerns. Additionally, Silex’s joint venture GLE is preparing to bid on a lucrative Department of Energy RFP, aiming to strengthen the US domestic nuclear fuel cycle with a budget plan supporting GLE’s growth and the development of a commercial production plant.
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