Technology status & next steps •Ongoing program development in Wilmington, NC and Lucas Heights, Australia –Wilmington, U.S.: process equipment •Test Loop commissioned in 2009; operational for over 10 years •Separation equipment advanced to TRL‐4/5 –Lucas Heights, Australia: laser systems; •Lasers and control systems advanced to TRL‐5 •Engineering scale TRL‐6 (commercial pilot scale) demonstration test in Test Loop in mid‐2020’s timeframe. •Market‐driven commercialization timeline dependent on uranium price –DOE tails: commercialization currently targeted for late 2020’s –HALEU: ability to address nearer‐term if funding for acceleration available •GLE currently on a reduced‐risk commercialization path
Commercial Case
• DOE DUF 6 contract supports commercialization plan in Paducah, KY
– License for a tails re‐enrichment facility
– Targeting commercial operation date in late 2020’s
– Potentially 3 ‐ 6 MSWU capacity, deployed in 1 ‐ 1.5 MSWU halls
– Easily expandable for HALEU – or start with HALEU
• Nearer‐term opportunities could be explored – Potential to modify deployment plans to accelerate HALEU capability on a smaller commercial scale
Wilmington is close to readyness.
SLX Price at posting:
$3.37 Sentiment: Buy Disclosure: Held
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