ASX Tech Stocks: Silex and major producer Cameco boost budget for US uranium enrichment plans

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Silex says a demonstration plant for its uranium enrichment tech could happen by mid-2024

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Hiremii says its H1 FY23 revenue jumped a massive 146.2% Uranium enrichment stock Silex Systems (ASX:SLX) has announced an increase in funding for its Global Laser Enrichment (GLE) joint venture’s CY2023 demonstration program for the SILEX uranium enrichment technology – which creates the potential opportunity to complete the pilot demonstration project as early as mid-2024.“In view of current market drivers, and in particular the potential for disruptions to the global nuclear fuel markets, Silex and [major global uranium producer] Cameco have agreed to a significant uplift to the current year GLE operating budget,” CEO and MD Michael Goldsworthy said.“This provides GLE with the option of commencing commercial operations at the Paducah Laser Enrichment Facility (PLEF) multi-purpose […]

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