Silex Systems' (ASX:SLX) licensee, Global Laser Enrichment, was selected as an awardee by the US Department of Defense for the low-enriched uranium funding program, according to a Wednesday filing with the Australian bourse.
Global Enrichment Uranium is the exclusive license holder for Silex's third-generation laser-based Silex uranium enrichment technology, per the filing.
The award provides a minimum contract value of $2 million and a maximum total value for all awardees of $3.4 billion, depending on agreed task orders, the filing said.
Silex Systems' shares climbed nearly 4% in recent Wednesday trade.
Price (AUD): $5.81, Change: $+0.20, Percent Change: +3.57%
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