Australia's Silex Systems plunges 40% on failing to secure $900 million US award

Silex Systems

06/01/2026 02:18

** 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

 (Reporting by John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com;))