GE-Hitachi Nuclear Energy looking to exit SILEX

SILEX Uranium Enrichment Project
Commercialisation Changes
18th April 2016
Key Points:
 GE-Hitachi Nuclear Energy looking to exit SILEX Technology Licensee GLE,
due to changes in business priorities and difficult market conditions;
 Silex continues to support GLE’s development of the SILEX Technology;
 Silex is considering an arrangement to increase its support for the
commercialisation program, which may lead to an equity position in GLE;
 Cameco, owner of 24% interest in GLE, is supportive of the Silex efforts;
 Business development discussions with other potential investors are being
accelerated.Write your reply here