Moosey
Emerged
This is the first time I have seen this in print although it was always something that I suspected, "
The ability of the SILEX technology to efficiently address various grades of enriched nuclear
fuel in small to large quantities is a key differentiator between the third generation SILEX laser-
based uranium enrichment technology and competing second generation centrifuge
technology. "
And if they already know this? then they must be close to completion of the commercial pilot at Wilmington?
If this goes ahead then the SP will rise by a lot, aded to this the Zero spin Silicon stuff and also royalties from IQE and they will be a big company with 25% ownership of GLE after they sell 24% of their GLE holdings to Cameco who will then own 75% and the best part is we (SLX) will still get all of the royalties ourselves which they say will be between 7% and 12% of the gross product before costs, Michael Goldsworthy has said he believed it would be on the higher side, my thinking is at least 10%?
It will be based on the economics of the GLE program and it's effieciencies compared to centrifuge technology, which they say it will be between a factor of 2 to 20 times better than older centrifuge technology, I am thinking around 10 times at least? IMAGINE that?
Why would the US DOE pass up that opportunity?
And because the cost will be so low they can get more enriched Uranium from the same given amount of mined Uranium, than the centrifuge enrichers, is this something that Cameco have come to the same conclusion to by lowering the overall output of their mines?
They won't need as much and can basically improve their amount of mined Uranium in the ground by being able to get more from the same tonnage than other Uranium suppliers?
I reckon we are on our way now!
Here is today's announcement
Silex Systems Limited | ABN 69 003 372 067
LHSTC, New Illawarra Road, Lucas Heights NSW 2234
Telephone: +61 2 9704 8888 | Facsimile: +61 2 9704 8851 | Website: www.silex.com.au
GLE Submits Response to US DOE Request for
Information on HALEU Availability Program
15 February 2022
Silex Systems Limited (Silex) (ASX: SLX; OTCQX: SILXY) announced today the submission
of a written response by Global Laser Enrichment (GLE) to the US Department of Energy
(DOE) regarding its Request for Information (RFI) for the proposed HALEU Availability
Program.
GLE is the exclusive licensee of the SILEX technology for uranium enrichment, which is in
principle capable of producing different grades of nuclear fuels, including High Assay Low
Enriched Uranium (HALEU) required for next-generation advanced and small modular
reactors. GLE is a 51% / 49% jointly-controlled, joint venture between Silex and global uranium
and nuclear fuel provider Cameco Corporation.
The RFI for the HALEU Availability Program was posted in the Federal Register in December
2021, in response to growing concerns regarding the HALEU fuel supply chain needed to
support the development and commercial deployment of advanced reactors in the US and
around the world. There is currently no source of readily available HALEU fuel, apart from
limited supplies from Russia. The HALEU RFI specifically addresses the lack of US domestic
HALEU production capacity, which is regarded as an obstacle to the development and
deployment of advanced reactors for commercial applications in the US.
The information gathered in response to the RFI will be considered by the DOE in planning for
the HALEU Availability Program, which may then lead to the issuance of a Request for
Proposals (RFP). Under the Energy Act of 2020, the DOE is directed to establish a HALEU
consortium to partner the DOE to support the availability of HALEU for commercial use.
The ability of the SILEX technology to efficiently address various grades of enriched nuclear
fuel in small to large quantities is a key differentiator between the third generation SILEX laser-
based uranium enrichment technology and competing second generation centrifuge
technology.
LEU is uranium enriched up to 5% (in the uranium-235 isotope). LEU+, with
enriched uranium between 5% and 10%, is a newer grade of fuel currently being considered
by various nuclear utilities around the world for improved economic performance of
conventional nuclear power reactors. HALEU is an entirely new grade of fuel with enrichment
up to 20%, being developed for next-generation advanced and small modular reactors which
are expected to enter the market commercially from the early 2030’s.
Through its exclusive license of the SILEX uranium enrichment technology, GLE intends to
assess the business case for all of these potential applications, in addition to the Paducah tails
enrichment opportunity which would produce natural grade uranium from depleted tails
inventories under a 2016 agreement between GLE and the US DOE.
Authorised for release by the Silex Board of Directors.
Further information on the Company’s activities can be found on the Silex website:
www.silex.com.au or by contacting:
Michael Goldsworthy Julie Ducie
CEO/Managing Director CFO/Company Secretary
T +61 2 9704 8888 T +61 2 9704 8888
E investor.relations@silex.com.au E investor.relations@silex.com.au
The ability of the SILEX technology to efficiently address various grades of enriched nuclear
fuel in small to large quantities is a key differentiator between the third generation SILEX laser-
based uranium enrichment technology and competing second generation centrifuge
technology. "
And if they already know this? then they must be close to completion of the commercial pilot at Wilmington?
If this goes ahead then the SP will rise by a lot, aded to this the Zero spin Silicon stuff and also royalties from IQE and they will be a big company with 25% ownership of GLE after they sell 24% of their GLE holdings to Cameco who will then own 75% and the best part is we (SLX) will still get all of the royalties ourselves which they say will be between 7% and 12% of the gross product before costs, Michael Goldsworthy has said he believed it would be on the higher side, my thinking is at least 10%?
It will be based on the economics of the GLE program and it's effieciencies compared to centrifuge technology, which they say it will be between a factor of 2 to 20 times better than older centrifuge technology, I am thinking around 10 times at least? IMAGINE that?
Why would the US DOE pass up that opportunity?
And because the cost will be so low they can get more enriched Uranium from the same given amount of mined Uranium, than the centrifuge enrichers, is this something that Cameco have come to the same conclusion to by lowering the overall output of their mines?
They won't need as much and can basically improve their amount of mined Uranium in the ground by being able to get more from the same tonnage than other Uranium suppliers?
I reckon we are on our way now!
Here is today's announcement
Silex Systems Limited | ABN 69 003 372 067
LHSTC, New Illawarra Road, Lucas Heights NSW 2234
Telephone: +61 2 9704 8888 | Facsimile: +61 2 9704 8851 | Website: www.silex.com.au
GLE Submits Response to US DOE Request for
Information on HALEU Availability Program
15 February 2022
Silex Systems Limited (Silex) (ASX: SLX; OTCQX: SILXY) announced today the submission
of a written response by Global Laser Enrichment (GLE) to the US Department of Energy
(DOE) regarding its Request for Information (RFI) for the proposed HALEU Availability
Program.
GLE is the exclusive licensee of the SILEX technology for uranium enrichment, which is in
principle capable of producing different grades of nuclear fuels, including High Assay Low
Enriched Uranium (HALEU) required for next-generation advanced and small modular
reactors. GLE is a 51% / 49% jointly-controlled, joint venture between Silex and global uranium
and nuclear fuel provider Cameco Corporation.
The RFI for the HALEU Availability Program was posted in the Federal Register in December
2021, in response to growing concerns regarding the HALEU fuel supply chain needed to
support the development and commercial deployment of advanced reactors in the US and
around the world. There is currently no source of readily available HALEU fuel, apart from
limited supplies from Russia. The HALEU RFI specifically addresses the lack of US domestic
HALEU production capacity, which is regarded as an obstacle to the development and
deployment of advanced reactors for commercial applications in the US.
The information gathered in response to the RFI will be considered by the DOE in planning for
the HALEU Availability Program, which may then lead to the issuance of a Request for
Proposals (RFP). Under the Energy Act of 2020, the DOE is directed to establish a HALEU
consortium to partner the DOE to support the availability of HALEU for commercial use.
The ability of the SILEX technology to efficiently address various grades of enriched nuclear
fuel in small to large quantities is a key differentiator between the third generation SILEX laser-
based uranium enrichment technology and competing second generation centrifuge
technology.
LEU is uranium enriched up to 5% (in the uranium-235 isotope). LEU+, with
enriched uranium between 5% and 10%, is a newer grade of fuel currently being considered
by various nuclear utilities around the world for improved economic performance of
conventional nuclear power reactors. HALEU is an entirely new grade of fuel with enrichment
up to 20%, being developed for next-generation advanced and small modular reactors which
are expected to enter the market commercially from the early 2030’s.
Through its exclusive license of the SILEX uranium enrichment technology, GLE intends to
assess the business case for all of these potential applications, in addition to the Paducah tails
enrichment opportunity which would produce natural grade uranium from depleted tails
inventories under a 2016 agreement between GLE and the US DOE.
Authorised for release by the Silex Board of Directors.
Further information on the Company’s activities can be found on the Silex website:
www.silex.com.au or by contacting:
Michael Goldsworthy Julie Ducie
CEO/Managing Director CFO/Company Secretary
T +61 2 9704 8888 T +61 2 9704 8888
E investor.relations@silex.com.au E investor.relations@silex.com.au
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