Centrus Energy Corp. (NYSE:LEU) reported on September 17 that it had signed a multi-year contract to supply high-assay low-enriched uranium (HALEU) to Antares Nuclear, with deliveries expected to begin before the end of the decade. Although financial terms were not disclosed, the deal includes prepayments from Antares to help fund Centrus' expanded HALEU capacity.
The deal holds strategic importance as Antares is developing compact microreactors for critical missions on Earth and in ***** e. The company was also recently selected for the U.S. Army's Janus Program, a $2.2 billion initiative to build and operate tiny nuclear reactors on military bases, with the hope that they will one day power remote installations.
Amir Vexler, President and CEO of Centrus Energy, commented:
"This contract is another sign that demand for HALEU is real and it is accelerating, and Centrus is in prime position to meet this need. Binding orders from Antares and others are supporting our expansion to commercial-scale production – an expansion that is now well underway. We look forward to supporting Antares' continued growth and success."
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#centrus #haleu

August WTI crude oil (CLQ26) today is down -0.67 (-0.91%), and August RBOB gasoline (RBQ26) is down -0.0534 (-1.85%).
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Centrus Energy (LEU) has a unique positioning as the only publicly traded, deployment-ready enricher that's positioned to fuel the future of nuclear power. LEU stock's performance has however been middling with a decline of 4% in the last 52-weeks.
However, this should not be a deterrent from considering exposure to LEU stock. On the contrary, the sideways movement provides a good opportunity for exposure as Centrus Energy positions itself to benefit from the LEU (Low-Enriched Uranium) and HALEU (High-Assay Low-Enriched Uranium) market.
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