Ann: Silex AGM Presentation - 2022, page-2

Looks great. Noted a chat yesterday suggesting Russian total sales to US utilities was 1 billion per year and Oil is 1 billion per day.
That was in terms of if US /EU would sanction Russian services. Self sanctioning by EU and US utilities and the possibility Russian will stop exports it self are all in the mix!

SLX presentation had:

"US currently imports the vast majority of its nuclear fuel:
95% of its uranium requirements (including ~14% from Russia)
100% of its conversion requirements (including ~18% from Russia)
70% of its SWU requirements (including ~20% from Russia)
"

"GLE has the unique potential to address the ‘Triple Opportunity’ emerging in the global
nuclear fuel supply chain:
1) Uranium Production: Processing of depleted UF6
tails inventories with the SILEX
technology to produce natural UF6 and help alleviate UF6 conversion supply pressure
2) Uranium Enrichment: Deploy SILEX capacity to supply enriched uranium to the market
in the form of low enriched uranium (LEU) (235UF6 assay up to 5%) and LEU+ (up to 10%)
3) HALEU Production: Build additional capacity to produce high assay LEU (HALEU - fuel
up to 19.9% enriched) for next generation advanced SMRs
GLE can become a key producer of uranium and nuclear fuel, helping to mitigate
the emerging threats in the global nuclear fuel supply chain
"

GLE is going to hurry up with the support of US Government and the "GLE signed LOIs3 with US utilities Constellation Energy Generation and Duke Energy to support GLE’s commercialisation objectives"

Shades on as this will seem slow but will be fast!