Silex Systems (ASX: SLX, OTCQX: SILXY) has revealed its common shares have been approved for trading in the United States on the OTCQX Marketplace (OTCQX).
Trading of Silex American Depository Receipts (ADR’s) is expected to commence immediately on the OTCQX under the symbol “SILXY”. One SILXY ADR is equivalent to five Silex common (or fully paid ordinary) shares.
Silex will continue to trade on the Australian Securities Exchange under its existing symbol SLX.
Silex is looking to increase the awareness of Silex in the U.S. market, particularly as it moves into the commercial phase of its SILEX laser enrichment technology in the U.S. with licensee GE-Hitachi Global Laser Enrichment.
Silex is progressing the SILEX Technology commercialization program with the U.S. Nuclear Regulatory Commission’s approval for the combined construction and operating license for the first commercial laser enrichment plant planned for GE-Hitachi’s Wilmington, NC site.
Recently, Silex announced the successful completion of the ‘Test Loop Technology Demonstration Program’ announced last month, triggering a US$15 million milestone payment from GLE.
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