Uranium Price, page-12

Very frustrating particularly as many of the uranium mining projects (particularly explorers) are unlikely to be in production (after all the regulation/environmental hurdles they need to jump through) for between 6 and 8 years (when PLEF should be built) and GLE will also be in a position to also address the LEU, LEU+ and HALEU markets (with a world beating efficiency/selective separation "edge"), does not have HF6 conversion costs and SLX gets a 7% to 12% royalty. That's also not forgetting ha SLX are in the ZS Si market (now not just selling to quantum computer (in 2023) but also now the general semi-conductor market - see latest presentation) and will also get cREO royalties from IQE with a base royalty of 3%.

Hopefully these unique selling points will at some time dawn on fund managers; a good start would be for ETF's (URA and URMN) to include SLX in their portfolio. Maybe this will happen when Sprott take over URMN (soon) they currently have low market cap miner like Toro (MC A$74m), PEN (MC A$214m) & VMY (MC A$238M) on in their portfolio - SLX s now larger - MC A$246m - why aren't we in the URMN ETF portfolio? URA has Centrus (and VMY & PEN) in its portfolio - I can' see why we are not there? It would likely be a big re-rate once SLX is recogniised as a player in the Uranium ETF's rather than just a small "tech" ETF