Ann: GLE and US DOE sign amendment to Sales Agreement, page-38

Good to see your comments Rothbard, I can't see how the uranium price can't recover. and very soon. The supply/demand imbalance is heavily weighted for a supply deficit. The recent COVID 19 crisis has given large producers such as Cameco and Kazatomprom the opportunity to reduce their production, with Cameco stating that they will not restart Cigar Lake and MacArthur River until they obtain more favourable prices. With other mines also in care and maintenance, and yet more mines shutting down because of end of life (eg;Ranger) and no new start ups for many years, the pending new mines will not start for contract prices less than $50+. It is currently a waiting game and time is running out for Utilities to enter new supply agreements. 20 million pounds of production has been removed from the supply side and this may get worse if the recovery drags on.
The miners can't blink first because it is economic suicide to enter contracts that are loss causing, that leaves the buyers, and they can't let their reactors run out of fuel. Sure they have stock piles but when it takes 12-18 months to mill, convert, enrich and fabricate fuel rods that doesn't give them a lot of comfort. Added to this time frame is the time it takes to start up a mine and start supplying uranium, in some cases it could be 3-8 years. The pressure is building compounded by new nuclear reactors under construction which is currently around 50. The new SMRs are also to be considered.
We are on the brink of a major surge in nuclear energy and the supply of fuel is under stress. Silex has been patiently waiting for the period for a long time they have continued to do research and development of the laser enrichment and soon all the hard work and efforts will come to fruition. Congratulations to Michael Goldsworthy for his patience, tenacity and leadership.
These are my opinions, please do your own research.