Sean K
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Obviously the market thinks this is going to get some additional work due to the Russia and go-to nuclear thing.
SLX - Silex Systems
- Thread starter shawry_190
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Chart update.
I backed up the truck on this under $3... my only biggest of 3 holdings.
I backed up the truck on this under $3... my only biggest of 3 holdings.
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Almost looking like it's trying to head for blue sky? Surely not. Strong close today. (52 week high $4.14)
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Was heading for the sky but in trading halt for a spp.
Sadly I own via one of the few packets in my systems
Sadly I own via one of the few packets in my systems
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Chart update.
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From Market Matters today:
- Silex Systems (SLX) +8.56% selected by the U.S Department of Energy for funding as a significant enrichment supplier, eligible for a slice of a total aggregated pool for selected recipients of US$3.4bn – we own the stock in the Emerging Companies Portfolio.
Dona Ferentes
Abrió la caja, vio al gatito, y sonrió
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been around, and back ...
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SLX specialises in laser-based technology for uranium enrichment. Its proprietary SILEX (Separation of Isotopes by Laser Excitation) process uses lasers to selectively excite uranium isotopes, enabling the efficient production of material for nuclear power. This method is touted as a cleaner, more energy-efficient alternative to traditional gas centrifuge techniques.
Silex’s technology is exclusively licensed to Global Laser Enrichment (GLE), which is a joint venture company focused on commercialising laser-based uranium enrichment. It is co-owned by Silex and Cameco Corporation, with Silex holding a controlling interest of 51%.
Today, Silex announced that GLE has been awarded a contract by the US Department of Energy's Low Enriched Uranium program. GLE is one of six awardees in a US$3.4bn program that aims to bolster domestic uranium enrichment capacity and reduce reliance on Russian fuel supplies.
The exact amount awarded to GLE is not yet finalised.
GLE’s Paducah Laser Enrichment Facility in Kentucky is expected to be a key beneficiary of the funding.
Silex CEO Michael Goldsworthy said: “GLE’s success… is a strong signal of the US Government’s support for GLE and the diversification of US enrichment capacity through the deployment of the third-generation SILEX uranium enrichment technology."
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SLX specialises in laser-based technology for uranium enrichment. Its proprietary SILEX (Separation of Isotopes by Laser Excitation) process uses lasers to selectively excite uranium isotopes, enabling the efficient production of material for nuclear power. This method is touted as a cleaner, more energy-efficient alternative to traditional gas centrifuge techniques.
Silex’s technology is exclusively licensed to Global Laser Enrichment (GLE), which is a joint venture company focused on commercialising laser-based uranium enrichment. It is co-owned by Silex and Cameco Corporation, with Silex holding a controlling interest of 51%.
Today, Silex announced that GLE has been awarded a contract by the US Department of Energy's Low Enriched Uranium program. GLE is one of six awardees in a US$3.4bn program that aims to bolster domestic uranium enrichment capacity and reduce reliance on Russian fuel supplies.
The exact amount awarded to GLE is not yet finalised.
GLE’s Paducah Laser Enrichment Facility in Kentucky is expected to be a key beneficiary of the funding.
Silex CEO Michael Goldsworthy said: “GLE’s success… is a strong signal of the US Government’s support for GLE and the diversification of US enrichment capacity through the deployment of the third-generation SILEX uranium enrichment technology."
Garpal Gumnut
Ross Island Hotel
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Well done all.
Just be circumspect though. This is the sort of free money from Ole Biden that the Donald may want to turn the spigot off.
gg
Just be circumspect though. This is the sort of free money from Ole Biden that the Donald may want to turn the spigot off.
gg
Dona Ferentes
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from the wires:
During his previous term in office, Trump called for the creation of a US uranium reserve, outlining plans to spend US$150 million annually on U3O8 purchases. The earmarked funds were part of his proposed 2021 budget, which failed to come to fruition as Trump lost the 2020 presidential race to current President Joe Biden.
This time, the president-elect could allocate more money to the domestic stockpile.
“Luckily, uranium is one of the few things that both Democrats and Republicans can agree on — we've actually gotten surprisingly bipartisan support,” said Gerardo Del Real, co-founder of Digest Publishing and editor of Daily Profit Cycle. “So regardless of who ends up winning this election, I think there's nothing, but bright days ahead in the uranium sector."
To increase supply and ensure energy security, Trump could repeal a Biden-era uranium-mining ban near the Grand Canyon. In August 2023, the Biden administration designated Baaj Nwaavjo I’tah Kukveni a national monument, protecting over a million acres from uranium mining to preserve Indigenous sites and water resources...
