The US Nuclear Regulatory Commission has completed its acceptance review of Global Laser Enrichment’s (GLE) licence application for the Paducah Laser Enrichment Facility (PLEF).
GLE is the exclusive licensee of the SILEX uranium enrichment technology, and is a joint venture owned by Silex (ASX:SLX) (51%) and uranium giant Cameco (NYSE:CCJ) (49%).
The NRC’s acceptance confirms the application is sufficiently complete to proceed to formal review, marking a significant step forward in GLE’s mission to deploy new US-based laser enrichment technology for the production of natural grade uranium (from depleted uranium tails) and low-enriched uranium (LEU).
GLE says it is hopeful for a timely review, in line with President Donals Trump’s executive order, ordering the reform of the Nuclear Regulatory Commission.
It comes after GLE was invited to bid for up to US$900 million ($1.38 billion) in competitive funding under Task Order 2 of the US Department of Energy’s LEU Enrichment Acquisition program, as reported by Mining.com.au.
Write to Adam Orlando at Mining.com.au
Images: Silex
