Silex Systems (ASX:SLX) licensee Global Laser Enrichment's selection as an awardee for the low-enriched uranium contract by the US Department of Energy is validation ahead of the company's target to achieve the technology readiness level six (TRL-6) milestone, Euroz Hartleys said in a note Wednesday.
Silex Systems and Global Laser Enrichment have constructed, integrated, and commissioned full-scale pilot equipment to complete TRL-6 of Silex's laser-based uranium enrichment technology by the end of 2024.
Euroz Hartleys has a strong conviction buy rating on Silex Systems.
Shares of Silex Systems fell almost 5% in recent Thursday trade.
Price (AUD): $5.82, Change: $-0.28, Percent Change: -4.52%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.