2026-01-05 18:31:31

$LEU

Centrus Energy wins $900M award to restart domestic nuclear fuel production
Centrus Energy (LEU) +5.4% in Monday's trading after the U.S. Department of Energy awarded $900 million each to the company and two other nuclear fuel producers as part of an effort to restart domestic production and wean the U.S. away from Russian uranium, Bloomberg reported.

Funding also will go to Peter Thiel-backed nuclear fuel enrichment startup General Matter and to a subsidiary of Orano, which is planning an enrichment facility in Tennessee.

The funding is in the form of task orders to purchase both low-enriched uranium used by traditional reactors and high-assay low-enriched uranium that will be needed to power small modular reactors that can be built at factories and assembled on site.

The DoE also said it was awarding $28 million to Global Laser Enrichment, jointly owned by Cameco (CCJ) and Silex Systems, to continue advancing next-generation uranium enrichment technology.

ETFs: (NLR), (URA), (URNM)

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