Canadian company Cameco in offtake agreement to purchase goods from Paducah's Laser Enrichment Facility

A Canadian company is set to purchase all of future production at Paducah's former gasesous diffusion plant.

According to a story on the website World Nuclear News, 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.

Silex CEO/Managing Director Michael Goldsworthy said the offtake agreement provides a "home" for all of GLE’s future nuclear fuel products, including natural uranium hexafluoride (UF6) and enriched uranium products.

It will guarantee GLE receives pricing for its products equivalent to Cameco’s average realized price, net of appropriate selling costs, achieved on an annual basis across its long-term contracting portfolio, without GLE needing to incur the cost of establishing its own sales and marketing resources.

GLE intends to re-enrich high-assay depleted uranium tails from previous operations at Paducah under an agreement with the US Department of Energy.

Link to World Nuclear News story:

Cameco in offtake agreement for US laser enrichment plant - World Nuclear News