“We are pleased with the progress being made in the large-scale Pilot Demonstration Project" Michael Goldsworthy CEO Silex (Latest Investor Presentation).
Steven Long CEO of GLE “We're working with a large amount of material. We're operating the equipment. The equipment is very near the scale that we'll produce in a production facility, and so we're testing it, running through its paces,” Long explained. “This is really as large as we need to demonstrate and mature the technology before pivoting to the construction and, of course, licensing, of a production scale facility, which will be a massive uranium management facility.”
“We're actually submitting that license application here at the end of this month, and that can take as long as 30 to 36 months. We've been pressing the NRC for a much shorter timeline, and hope to see that become a reality,” Long said.
The US Govt. has allocated billions of dollars to future enrichment and very little is committed, are they waiting for some one to achieve a milestone? Remember DOE threw us a lifeline in 2016 when they gave us a contract for the depleted, I think they want us to succeed.
Just my opinion.
SLX Price at posting:
$3.93 Sentiment: Buy Disclosure: Held
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