Cameco in offtake agreement for US laser enrichment plant

[Marlin]

Cameco in offtake agreement for US laser enrichment plant

https://world-nuclear-news.org/articles/cameco-in-offtake-agreement-for-us-laser-enrichment-plant

[Core Content]

A rendering of PLEF (Image: GLE)

Cameco Corporation will purchase the entire future output of the planned Paducah Laser Enrichment Facility in Kentucky under an exclusive contract with Global Laser Enrichment. Global Laser Enrichment anticipates securing a Nuclear Regulatory Commission license for the facility by early 2027. The plant intends to re-enrich historical depleted uranium tails to supply commercial nuclear fuel markets.

Canadian company Cameco Corporation is to buy all of the future production of GLE's planned Paducah Laser Enrichment Facility in Kentucky under a newly announced exclusive offtake agreement. ;

Silex Systems Limited announced the execution of the agreement between Global Laser Enrichment (GLE) - the exclusive licensee of the SILEX laser enrichment technology - and Cameco.

GLE was formed in 2007 to develop and commercialise laser-based uranium enrichment technology capability in the USA. It is 51%-owned by Silex Systems, the Australian inventor of the SILEX laser enrichment process, and 49% owned by Cameco.

Read the full article at World Nuclear News:
https://world-nuclear-news.org/articles/cameco-in-offtake-agreement-for-us-laser-enrichment-plant