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

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

LiveHire to acquire US based shift scheduling company Arrived Workforce Connections

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 production plant as early as 2027/28 – up […]

Click here to view original web page at www.msn.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.