SILEX SYSTEMS LIMITED (SLX)
Share Price Analysis and Chart

26/02/2026

1

Buy

$12.80

85.24%

Silex Systems has released its 1H26 result (net loss -$17.9m) and has provided an operational update. The key news in 1H26, Shaw and Partners notes, was that the Global Laser Enrichment (GLE) JV with Cameco has achieved Technology Readiness Level 6.

This has paved the way for full commercialisation of the technology at the Paducah Laser Enrichment Facility.

Silex is focused on the commercialisation of its laser isotope separation technology. The primary commercial application of the technology is the production of different grades of fuel for the nuclear power industry, Shaw explains.

Silex is one of Shaw and Partners' top small cap ideas for 2026. Buy and $12.80 target retained.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -8.00 cents.
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -6.50 cents.

16/02/2026

1

Speculative Buy

$10.48

51.66%

Canaccord Genuity raises its target price to $10.48 from $9.42 and retains a Speculative Buy rating on Silex Systems post a change in the broker's outlook for demand and supply on uranium prices.

The broker argues a step change in energy demand is emerging for the first time since the early 2000s, with sentiment now strongly supportive of nuclear across both public and private markets.

Despite rising demand, the broker notes uranium supply concerns remain unresolved with tightening conditions beginning to show through in the long term market.

Canaccord Genuity lifts the long term uranium price assumption to US$110/lb from 2030.