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Sask. uranium giant ups stake in laser technology to fuel small reactors


Sask. uranium giant ups stake in laser technology to fuel small reactors
The world’s largest publicly traded uranium company is betting big on a new laser enrichment technology that it says will help power Canada’s shift to a more eco-friendly future.
Saskatoon-based Cameco Corp. obtained a 49 per cent stake in Global Laser Enrichment LLC (GLE) in a joint acquisition with Australian technology company Silex Systems for General Electric Company subsidiary GE-Hitachi Nuclear Energy’s shares in the project.
GLE was founded in 2008 as a joint venture between General Energy, Hitachi and Cameco to develop Silex’s technology that separates isotopes using lasers to produce enriched uranium. ....

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GE Hitachi, Silex receive federal approvals for restructure of GLE business venture


By
Christina Haley O Neal, posted
Jan 22, 2021
Key U.S. government approvals were recently reached in a business restructure that will result in Wilmington-based GE Hitachi Nuclear Energy selling off its majority share of the Global Laser Enrichment business, according to a news release.
The three companies involved in the Global Laser Enrichment (GLE) restructure and transaction are working on finalizing agreements and the transaction for the business, stated the release.
With the necessary approvals having been received it is anticipated the transaction will be completed in the coming weeks, said Jon Allen, spokesman for GE Hitachi, said in an email Friday. ....

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Why is the Silex (ASX:SLX) share price sliding 8% today on positive news?


Why is the Silex (ASX:SLX) share price sliding 8% today on positive news?
Aaron Teboneras | January 18, 2021 4:04pm |
More on:
The
Silex Systems Ltd(ASX: SLX) share price is sliding lower today on news the United States government has approved the restructure of GE-Hitachi Global Laser Enrichment (GLE).
At the time of writing, the nuclear energy technology developer’s shares are down 8.75% to $1.46.
The Silex share price has fallen today, despite the positive announcement. Could the share sell-down be due to investors already factoring in the outcome, which was first revealed on 8 January?
What’s driving the Silex share price today? ....

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