SILEX SYSTEMS (ASX:SLX)
SLX says following the passage into law of the Inflation Reduction Act, the company has received US$700m to carry out the HALEU Availability Program for the next four years.
HALEU (High Assay Low Enriched Uranium) is the fuel required by many of the emerging advanced Small Modular Reactors (SMRs) – the next-generation of nuclear power technology.
Global Laser Enrichment (GLE), the exclusive licensee of the SILEX laser technology for uranium enrichment, will explore opportunities to be a potential participant in the HALEU Availability Program.
According to SLX, there is currently no commercial source of HALEU fuel in the US today, and many SMR developers had planned to source their early HALEU fuel requirements from Russia.
Given the growing concern over energy security and supply chains in the wake of Russia’s invasion of Ukraine, those plans may no longer be realistic, creating significant urgency in establishing the HALEU Availability Program
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