Silex Systems (ASX:SLX) said Global Laser Enrichment (GLE), the exclusive licensee of its laser-based uranium enrichment technology, started TRL-6 demonstration testing at its test loop facility in North Carolina, according to a Tuesday filing with the Australian bourse.
The demonstration is expected to validate large-scale enrichment performance and is expected to be completed by the end of the year, the filing said.
The company and GLE are utilizing the TRL-6 test program's insights to enhance the scaling and manufacturability of advanced plant equipment, per the filing.
Silex Systems shares fell nearly 14% in morning trade Tuesday.
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