Australia's Silex Systems plunges 40% on failing to secure $900 million US award
ReutersJan 6, 2026 2:18 AM
Shares of Silex Systems SLX.AX fall as much as 40.2% to A$5.83, their biggest intraday pct loss since April 2016
The uranium enrichment technology provider hits lowest since September 22, 2025
Says Global Laser Enrichment (GLE), an exclusive licensee of the SILEX uranium enrichment technology, not been selected by the U.S. Department of Energy for a $900 million award
Says GLE selected for an award of up to $28 million to advance laser-based uranium enrichment technology by DOE
About 6.9 million shares change hands, 5.2x their 30-day average volume
Stock jumped nearly 71% in 2025
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