Centrus Energy secures contract extension from DOE to continue HALEU production

Centrus Energy (LEU) announced that the U.S. Department of Energy, DOE, has exercised an option to extend Centrus’ competitively-awarded contract to produce High-Assay, Low-Enriched Uranium, HALEU, through June 30, 2026. The Department has additional options for continued production for up to eight additional years beyond that date. “This extension reflects the ongoing value of the partnership that the Department launched with Centrus in 2019 to restore America’s ability to enrich uranium and provide a source of HALEU that the Department and the nation urgently need,” said Centrus President and CEO Amir Vexler. “We are delivering meaningful quantities of HALEU to catalyze a new generation of reactors, while laying the groundwork to establish a large-scale, U.S.-owned uranium enrichment capability to meet America’s commercial and national security requirements.”