Centrus Signs Contract with Department of Energy for $900 Million Award; Intends

[Marlin]

Centrus Signs Contract with Department of Energy for $900 Million Award; Intends to Transition HALEU Production Cascade to Commercial Operation

https://www.prnewswire.com/news-releases/centrus-signs-contract-with-department-of-energy-for-900-million-award-intends-to-transition-haleu-production-cascade-to-commercial-operation-302816385.html

[Core Content]

Centrus Energy has signed a $900 million contract with the Department of Energy to transition its Piketon, Ohio, facility from a technology demonstration to commercial-scale production of High-Assay, Low-Enriched Uranium. The agreement includes options that could bring the total contract value to $1.07 billion, with initial capacity expected by 2029.

This transition marks a shift toward domestic fuel production for advanced reactors, reducing reliance on foreign supply chains. By establishing a commercial-scale cascade, the company aims to meet both government mission requirements and private sector demand. The project is expected to create thousands of jobs while restoring domestic enrichment capabilities for the nuclear power industry.

/PRNewswire/ -- Centrus Energy (NYSE: LEU) today announced that it has signed a contract to finalize the terms of the competitively-awarded, $900 million task...

Total Enrichment Contract Valued at over $1 Billion, Including All Options

Completes Production of Additional 900 Kilograms of HALEU UF6 Ahead of Schedule

Prior Contract Extended for Three Months Ahead of Transition

Read the full article at prnewswire.com:
https://www.prnewswire.com/news-releases/centrus-signs-contract-with-department-of-energy-for-900-million-award-intends-to-transition-haleu-production-cascade-to-commercial-operation-302816385.html