NUF6 is tails recycling, and yes that along with the LEU elements of the PLEF are the focus. HALEU is required for SMF's, and so whilst the future opportunity looks large, the final successful designs for SMF's are far from known yet (and the last I heard their we're upwards of 50 different designs). One thing that MG mentioned in the AGM was that their was also conjecture over whether HALEU was going to be the main fuel used for small reactors and their had been some recent talk of scaling down other designs that would run off LEU or LEU+. Ultimately HALEU production normally requires LEU anyway as feedstock so GLE is positioned to be a supplier to any of the companies pushing to create HALEU, or could be at a cost advantage to do it themselves.
SLX Price at posting:
$5.67 Sentiment: Buy Disclosure: Held
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