At open Share Price atomised to

$6.35

Change

-3.490(35.5%)

Mkt cap 

$2.728B

https://hotcopper.com.au/threads/ann-doe-funding-awards-outcomes.8965930/

The context:

asx. SLX gets the $28M

vs USA backed Corps share in $2.7Bill

An Australian + Canadian company applies for US money doesn't require a PhD in Nuclear Physics to work out why SLX didn't receive $900m ..MAGA

U.S. Department of Energy Awards $2.7 Billion to Restore American Uranium Enrichment

WASHINGTON—The U.S. Department of Energy (DOE) today announced $2.7 billion to strengthen domestic enrichment services over the next ten years. In support of President Trump’s commitment to enhance energy security and reduce reliance on foreign suppliers, the historic investment expands U.S. capacity for low-enriched uranium (LEU) and jumpstarts new supply chains and innovations for high-assay low-enriched uranium (HALEU) to create American jobs and usher in the nation’s nuclear renaissance.

Developing this new domestic production capacity for LEU and HALEU ensures an adequate fuel supply is available to maintain operations of the nation’s 94 commercial reactors and builds a strong base to supply future deployments of advanced nuclear reactors. To ensure accountability, these awards will be distributed to the companies under a strict milestone approach.

The following companies were awarded task orders totaling $2.7 billion to provide enrichment services for LEU and HALEU:  

•    American Centrifuge Operating ($900 million) to create domestic HALEU enrichment capacity 

•    General Matter ($900 million) to create domestic HALEU enrichment capacity 

•    Orano Federal Services ($900 million) to expand U.S. domestic LEU enrichment capacity

5 YEAR CHART:

Speculative because there is no eps.

Return (inc div)   1yr: 14.88%   3yr: 20.92% pa   5yr: 41.14% pa

Results will be announced Thurs 28th,

Preamble below:

I speculate on SLX There was noise around Uranium early 2025 .. The energy supply dilemma in the modern world.

Some one liners:

a Story stock!

Uranium spot price $75/ Lb

Shorts have come off from ~10%

Daily trading Liquidity: $3Mill ok

https://hotcopper.com.au/threads/ann-equity-raise-presentation.8701081/

approximately $130 million2 (Placement) 

All shares under the Placement will be issued at a fixed price of $3.90 (Placement Price)

• Proceeds from the Offer, together with existing cash (~$69.6m4 ), will be used primarily to support GLE’s commercialisation of the SILEX uranium enrichment technology in the US, as well as to pursue Silex’s additional isotope production opportunities and strengthen the Company’s balance sheet

• Following the Placement, Silex is expected to be fully-funded through to the end of FY2028 

Full Paid Ordinary shares 2025: 271,439Mill up from FY 2024

Return (inc div)   1yr: -9.03%   3yr: 4.03% pa   5yr: 46.36% pa

At close Wednesday 27th