Has anyone heard of Ubaryon Enrichment using a chemical process. I have not seen it reported here before. Any opinions? They refer to Silex extensively and call their technology as fourth generation enrichment. Interestingly they are also based at Lucas Heights. Looking through their documents and comments about Silex they do not report very accurately maybe deliberately so, if not then it shows that they are well and truly uninformed. None the less seems like something to keep an eye on.
Okapi Enters Uranium Enrichment Sectorwith Strategic Cornerstone Investment in UbaryonHighlights • Okapi to become cornerstone shareholder in Ubaryon, a private Australian company whichowns 100% of the Ubaryon Enrichment Technology subject to satisfaction of the variousConditions Precedent • Ubaryon has research and development facilities at Australia's Nuclear Science andTechnology Organisation (ANSTO) site located in Sydney, Australia • Ubaryon’s next generation enrichment technology utilises a novel process that does notrequire significant temperature or pressure and significantly reduces technical risk and cost • Ubaryon Enrichment Technology has significant potential to transform the uraniumenrichment industry which is fundamental to the nuclear fuel cycle• Ubaryon Enrichment Technology has potential safety, environmental and economicadvantages over existing enrichment processes • Okapi to emerge as the largest single shareholder of Ubaryon with an initial shareholdingof 19.9% of Ubaryon’s issued capital • Okapi’s Managing Director, Andrew Ferrier, to join Ubaryon’s Board to assist indevelopment and commercialisation strategy • Upcoming catalysts for Ubaryon include Regulatory approvals to permit negotiations with major multinationalso Research and development to validate and extend enrichment performanceo Construction and operation of a bench scale process at the Ubaryon laboratories
SLX Price at posting:
$4.33 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Regulatory approvals to permit negotiations with major multinationalso Research and development to validate and extend enrichment performanceo Construction and operation of a bench scale process at the Ubaryon laboratories
(20min delay)