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SLX - SILEX SYSTEMS LIMITED


moosey

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You will now notice that the Construction Intelligence Center website has again been updated for both Paducah and Wilmington since I last posted it here!

 

http://www.construction-ic.com/HomePage/Pr...rview%2F151013#

 

 

http://www.construction-ic.com/HomePage/Pr...rview%2F168133#

 

 

You will notice that they have changed the wording from this -: GE Hitachi Nuclear Energy (GEH) is planning to construct a laser enrichment facility in Kentucky, the US.

 

To this -: Global Laser Enrichment (GLE), a joint venture between General Electric Co. (GE), Hitachi Ltd and Cameco, is planning to construct the Laser Uranium Enrichment Facility in Kentucky, the US.

 

See how they have now broken up the ownership now of GLE into seperate entities, I reckon one of those three companies is leaving, I think it may be Hitachi who may be selling their share, that would effectively mean that GEH is leaving wouldn't it?

 

I very much doubt that GE would ever sell it's controlling interest of it's 51% holding in GLE and then let another company build a laser enrichment plant on GE land (Their Land), I don't believe for one minute that could or would ever occur?

 

 

Also in an earlier version of the Construction Intelligence Center release about Paducah, they said that the NRC will be providing the License for it to GLE in September 2016.

 

So we may get to see something next month, in other documents it said that the NRC license for Paducah would be provided BY November 2016, so I guess September 2016 would still fit that bill BY November wouldn't it?

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Seems like a bit of movement today..

 

Energy Department Announces Agreement to Sell Depleted Uranium to be Enriched for Civil Nuclear Power

November 10, 2016 - 12:00pm

(202) 586-4940

 

GE-Hitachi Global Laser Enrichment Evaluating Construction of $1 Billion Facility for Enrichment Bringing Hundreds of Jobs to Western Kentucky

 

LEXINGTON, Ky.ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâہ¡ÃƒÆ’‚ÂÂThe Department of Energy (DOE) has agreed to sell depleted uranium to GE-Hitachi Global Laser Enrichment, LLC (GLE) over a 40-year period which would be enriched at a proposed GLE state-of-the-art facility. The proposed new facility would use depleted uranium to produce natural uranium which is used for production of fuel for civil nuclear reactors. The facility would be built near DOEÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s Paducah Gaseous Diffusion Plant in western Kentucky. The construction and operation of the billion-dollar facility at Paducah could bring approximately 800 to 1,200 jobs to the local community.

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“This agreement furthers the Energy DepartmentÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s environmental cleanup mission while reducing cleanup costs, creating good local jobs, and supporting an economical enrichment enterprise for our energy needs,ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ said Energy Secretary Ernest Moniz. ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“The sale contributes to two key Energy Department mission areas ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ to fulfill the federal governmentÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s responsibility to manage the safe storage and disposal of nuclear material and to enable nuclear power, AmericaÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s largest source of zero-carbon energy and an important enabler for reduced greenhouse gas emissions.ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ÂÂ

 

GLE will finance, construct, own and operate the Paducah Laser Enrichment Facility (PLEF) adjacent to the Energy Department site. The facility will be a commercial uranium enrichment production facility under a Nuclear Regulatory Commission (NRC) license. DOEÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s inventory of depleted uranium is safely stored in approximately 65,000 specialized storage cylinders at the DepartmentÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s Paducah and Portsmouth (Ohio) sites.

 

The Paducah plant was constructed in the 1950s to enrich uranium for national security applications, and later enriched uranium for commercial nuclear power generation. The Energy Department resumed control of the plant enrichment facilities in 2014 after the operator ceased gaseous-diffusion enrichment operations in 2013.

 

The DepartmentÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s Portsmouth/Paducah Project Office (PPPO) is currently deactivating the plant in preparation for decontamination and decommissioning, while it continues to complete environmental cleanup that began in the late 1980s. Cleanup includes groundwater remediation, inactive-facility demolition, conversion of depleted uranium to more stable forms for reuse or disposal, and other projects.

 

The mission of the Office of Environmental Management (EM) is to complete the safe cleanup of the environmental legacy brought about from five decades of nuclear weapons development and government-sponsored nuclear energy research.

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From Motley Fool:

 

Silex Systems Ltd (ASX: SLX) shares have rocketed higher by an incredible 57% to 55 cents. This morning the nuclear energy technology developer revealed that its licensee GE-Hitachi Global Laser Enrichment has signed an agreement with the US Department of Energy for the sale and purchase of depleted uranium hexafluoride. The deal could result in sales of US$200 million per year, from which SILEX would likely receive a royalty of 7% to 12%.

 

Cheers

Dr_Dazmo

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Don't doubt it Nipper!

 

I think they used to hold a reasonable amount of cash on the balance sheet.

It would be interesting to know what the market thinks the "blue sky" is worth over and above good old cash in the bank.

 

As you say, time frame is everything.

I've sold plenty of stocks because I grew tired of waiting for the light at the end of the tunnel.

Sometimes, I've been happy & other times not so.

 

Cheers

Dr_Dazmo

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  • 5 years later...

First time I have seen this:

The SPP closed on Friday, 22 October 2021 with over 1,000 applications received for a total of approximately $18 million, well in excess of the Company’s target of $7 million. 

  • the majority of applicants receiving a minimum SPP application amount of $2,000 (i.e., 1,527 shares at the issue price of $1.31); and
  • after the distribution of the minimum amount, the remaining SPP application amount has been allocated on a proportional basis...

Not the method for dealing with oversubscriptions, but the pricing discrepancy with other money raised:

• Silex has completed a $33 million placement at $1.27 per share (to high quality domestic, international and uranium specialist institutions.)

Silex will use the proceeds from the Placement and SPP for the following purposes:

  • Advancement of the commercial pilot demonstration of the SILEX uranium enrichment technology in the USA at the GLE Test Loop facility;
  • Assessment and potential development of opportunities for advanced nuclear fuel production with GLE (e.g. HALEU fuel for next generation Small Modular Reactors);
  • Scale up of Zero-Spin Silicon production capacity ... a key enabling material for silicon quantum computing;  
  • Develop additional applications of the SILEX technology (e.g. medical isotopes); and
  • General working capital requirements and strengthen the Company’s balance she

 

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