SLX silex systems limited

Ann: SILEX Uranium Enrichment Project Update, page-9

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    4) Silex Systems Limited (ASX: SLX)

    Silex Systems was up a further 17% in May with the shar price up 180% over the year to May-end. Silex currently deals in Uranium enrichment technology. Uranium demand has soared, due to the broader effort to move away from historical fuel sources, specifically fossil fuels. The isotope separation technology is likely to be commercialised soon and will be opening their first planned commercial plant facility in Paducah, Kentucky, which will be able to produce 2,000 tonnes of natural UF6, or 5 million pounds of U308 equivalent per year, over a period of 30 years.

    The increasing demand for Uranium and the geopolitical risks stemming from Russia are playing a key role in driving governments to seek sources of nuclear fuel elsewhere. This means that the wide global target market for Silex providing nuclear fuel technology for both natural and enriched uranium could translate into a multi-billion dollar revenue stream for the Company in the future.

 
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