Cameco is one of the largest global providers of the fuel needed to energize a clean-air world. Cameco’s tier-one operations have the licensed capacity to produce more than 53 million pounds (100% basis) of uranium concentrates annually, backed by 455 million pounds of proven and probable mineral reserves Cameco share. They are also a leading supplier of uranium refining, conversion and fuel manufacturing services. Cameco’s land holdings, including exploration, span about 1.7 million acres of land, the majority near Cameco existing Canadian operations. Utilities around the world rely on Cameco nuclear fuel products to generate power in safe, reliable, carbon-free nuclear reactors. Along with utilities, Cameco is meeting the ever-increasing demand for clean baseload electricity while delivering safe, reliable solutions to today’s clean-air crisis.
GLOBAL LASER ENRICHMENT
Exclusive worldwide licensee of the SILEX laser technology for uranium enrichment.
GLE was formed in 2007 to develop and commercialize laser-based uranium enrichment technology capability in the U.S., with over $400 million invested in GLE’s commercialization program to date.
Since its inception, GLE has worked closely with Silex Systems of Australia, the inventor of the laser enrichment process, to advance the SILEX laser enrichment technology towards commercial launch for uranium enrichment.
GLE is owned jointly by Silex Systems Limited (51%) and Cameco Corporation (49%)
Silex Systems Limited is an Australian technology company whose primary asset is the SILEX laser enrichment technology, invented and originally developed at the Company’s technology facility in Sydney, Australia. The SILEX technology has been under development for uranium enrichment jointly with US-based exclusive licensee GLE since 2006 in accordance with the Technology Commercialization and License Agreement, and under the SILEX Cooperation Treaty signed in 2000 by the Australian and US governments.