SILEX Sytems (ASX:SLX) has announced it’s the first company in the world to enrich uranium using laser technology that produces an end product compliant with the U.S. BOE’s ‘technology readiness level 6’ (TLR-6) standard – sending shares over 10% higher on Thursday.
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SILEX has long sat in an interesting intersection of the uranium sector, acting as a tech company that operates in the space. The ultimate vindication here is that its laser-based enrichment approach works well enough that, with TLR-6 certification approved by a third party, commercialisation is now “de-risked.”
The value prop here is that, now that it’s proven it can enrich uranium to U.S. gov’t standards, it can now sell the tech – or the uranium – depending on what it sees fit.
The company is currently working on building an enrichment facility in Kentucky, U.S., currently the only such facility being built in the United States (as far as the nuclear regulator’s books goes, at least).
“Subject to various factors, including industry and government support, a feasibility assessment for the PLEF, and supportive market conditions, the SILEX uranium enrichment technology could become a major contributor to nuclear fuel production for the world’s current and future nuclear reactor fleet,” SILEX wrote on Thursday.
Ultimately, it wants to produce uranium for use in next-generation reactors, including small modular.
“We are immensely proud [as] the only company in the world to have demonstrated large-scale, third-generation laser-based enrichment technology at TRL-6 status,” SILEX CEO Michael Goldsworthy said.
SLX last traded at $8.62/sh today.
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