Global Laser Enrichment

The next date is soon "Completing a commercial-scale pilot demonstration (TRL-6¹) of the SILEX technology as early as mid-2024" link Global Laser Enrichment | Silex

The pending Russian Ban legislation waiting for the US president’s signature. I understand it passes with or without that 20 May unless vetoed.

Underfeeding in the Nuclear fuel cycle has already changed to Overfeeding to speed up the delivery of Nuclear fuel and expand the customer base the non Russian enrichment companies can supply. That puts significant extra demand on u308 supplies. How much extra demand required to see the already hot trend in the u308 price is a interesting question.

The extra tailings created by overfeeding may be a resource for Silex which is already on track to use tailings at GLE’s Test Loop facility in Wilmington"Silex and GLE have continued to accelerate construction of full-scale laser and separator equipment being deployed in GLE’s Test Loop facility in Wilmington, with the aim of completing a commercial-scale pilot demonstration (TRL-61) of the SILEX technology as early as mid-2024. Attaining the TRL-6 level is a key milestone in the de-risking of the SILEX technology before the focus turns to the potential preparation for, and construction of, the first commercial SILEX uranium enrichment plant at the PLEF."

The last line on the web page is "The continued acceleration is subject to market factors and the level of support forthcoming from various government and industry initiatives."

Cameco is going to have a LOT of extra tailings and is 49% owner of GLE.