From 2006 to 2021 progress on uranium enrichment was largely in...

From 2006 to 2021 progress on uranium enrichment was largely in the hands of GEH. To be fair to MG in July 2014 when SLX realized that the GEH support was going to be significantly reduced they quickly got out of the solar and data logging businesses and focused on keeping uranium enrichment going when their was little interest from GEH (but they didn't want to close it down due to potential angst from the DoE). Cameco also wanted to keep it going and were essential to where we are today. Hopefully MG learnt something from his extra curricula exploits but the money raised (and not spent) was vital to SLX survival during the years in the wilderness; without the 2011 capital raising we would not have made it to 2021. Interestingly during 2015/16 significant progress was made with the lasers after this work was repatriated to Lucas Heights in 2014 and Cameco stayed with us (albeit at the time at 24%). Think yourself lucky that we survived - it was touch and go and the SLX board did the right thing by holding the core team together, selling down other interests and soley focusing on uranium enrichment. It was in about 2019 that they also got a break from SQC (with funding) to get into zero spin Si which also helped fund development. They also got some revenue from IQE for Translucent for cREO. which helped but since July 2014 the BoD focus has been to get out of everything other than enrichment and focus survival on just that.