SLX silex systems limited

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    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.
 
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