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clock Created with Sketch. 12/06/18
10:00
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Originally posted by BoroBoyinoz
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Maybe this is a "Trump-esque" type negotiating tactic towards GLE and DOE. Silex’s funding obligations for GLE’s operations under that Term Sheet (approximately A$600k per month) ceased upon notice of termination Unless circumstances change dramatically in the short-term, Silex also intends to give notice to GLE of termination of the SILEX technology license Continuing delays and uncertainty regarding the passage of a bipartisan bill through the US congress, entitled the Nuclear Energy Innovation and Modernization Act which would, amongst other things, effectively guarantee GLE’s right to sell the natural grade uranium derived from processing the DOE’s tails inventories into the market at acceptable annual rates. We wish to thank the Australian government for assisting us in this matter and look forward to working further with the government as we seek to repatriate the SILEX technology back to Australia. Consideration will also be given to exploring commercialisation of the technology with third parties in other countries should opportunities arise and as market conditions improve
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I know the news is not good but this is the most succinct announcement MG has ever made. Pity he did do make it earlier. He has sent a strong message to the good ol' USA.
