How did this happen? I don't like this..., page-25

I know Canadian (and Wilmington) based enrichment is something Moosey considers advantageous; personally I think it's irrelevant and a distractions we can do without (i.e "rabbits"). No doubt the Wilmington TRL/6 test will produce "samples". The distance between the Cameco Port Hope facilities and Paducah is also irrelevant and offers little advantage to Cameco and frankly not worth pursuing. As i understand it for Cameco to take a majority stake in GLE may not require Canada to sign the Silex treaty - Canada already has a separate 123 agreement with the USA and it may be better to simple allow then to take a majority under the existing Canadian agreement.

Whatever the mechanism is most of what I have heard is that it will take about 12 months to obtain - the wheels of government move slowly. As such I'm working on the principle that GLE will continue operation under SLX majority ownership until the TRL/6 (commercial operation as a continuous process) is complete/ Once that is successful (if it is - but it looks good) then Cameco announce that they wish to take a majority stake (about Q3/CY24 and then apply for US government permission which will probably come through in about Q3/CY25. In the meantime I am hoping for DoE support and possibly a Cameco loan to keep things moving at full throttle until Q3/CY25 when the loan is repaid and SLX gets the balance between the purchase value of the 26% of GLE and the loan. From that balance SLX will then need to support 25% of the capex for the PLEF (possibly with the help of a US government sovereign guaranteed debt).

IMO LIS Technologies and ASP will not find it easy the get US government support (particularly ASP with South African domicile - the South African government is a very shaky US allyJust hoping (but expecting) it all goes to plan but DYOR - IMO what we don't want is "rabbits" to chase - just keep focused on the essentials with a bit on the side for MIST (medical - 176Yb) and Zero spin Si production facilities in Australia provided SLX gets Australian government support.