Business
Why the Silex (ASX:SLX) share price is soaring 25% today
Silex Systems Ltd (ASX: SLX) shares are on fire today after the company provided an update on its investment in GE-Hitachi Global Laser Enrichment (GLE).
At the time of writing, the Silex share price is trading at $1.45, a new multi-year high for the company.
What’s driving the Silex share price?
The Silex share price is on the run after the company updated the market on a United States Government decision regarding the restructure of GLE.
According to the update, the US Nuclear Regulatory Commission (NRC) will provide “stand-alone Facility Clearance” for GLE. This will effectively enable GLE to operate under new ownership as a foreign-owned entity.
The approval is subject to the closure of Silex’s Membership Interest…
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