US Department of Energy Selects GLE for Future Operations at its Paducah, Kentucky Site
GLE proposal involves potential construction and operation of a tails processing plant utilising SILEX laser enrichment technology
28th November, 2013
Key Points:
GLE selected by the US Department of Energy to enter into exclusive negotiations for future operations at the Paducah site
GLE proposal includes construction and operation of a commercial processing plant using SILEX technology to enrich ‘high assay uranium tails’ stockpiles
The processing plant could be equivalent to one of the world’s largest uranium mines operating for up to 40 years
Silex potentially entitled to a perpetual royalty of between 7 – 12% on revenues generated by GLE from any future laser enrichment operations at Paducah.
SLX Price at posting:
57.0¢ Sentiment: Hold Disclosure: Held
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