Nuclear Power Related Media Thread, page-4668

Silex Systems Limited (ASX: SLX)

Silex Systems has developed laser technology for enriching uranium. Governments around the world are realizing how difficult it will be to meet their ambitious carbon reduction targets without nuclear energy. The war in Ukraine intensified the push for nuclear energy, ending the Fukushima nuclear disaster tailwind for uranium stocks.

While the vast majority of ASX tech stocks were on the chopping block in 2022, Silex shares were up dramatically, hitting a ten-year high on the first trading day of 2024. Over five years the share price has risen 1,323% and is up 34% yeav over year. From the ASX website:

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The Silex laser uranium enrichment technology is being jointly developed with US based Global Laser Enrichment (GLE) with plans for a full scale demonstration uranium production operation by the end of the decade, a timeline that is under review for earlier completion.

The company is also exploring the use of the technology to enrich silicon for use in quantum computing and in medical radioisotopes. The Silex/GLE joint development operation recently signed its third LOI (letter of intent) with a US utility to explore areas of cooperation.

The Silex financial performance highlights the challenges of investing in a company in a race to generate sufficient revenue and lowered costs to yield a profit. From the ASX website:

Silex Financial Performance

Half Year 2024 results continued the trend, with revenues up 48.7% but the loss increasing by 16.2%. In response, Citi retined its BUY rating and $16.80 per share target price on Megaport.