Centrus Energy jumps after uranium production contract

Centrus Energy

18/10/2024 17:46

(Updates)
    ** U.S.-based nuclear fuel supplier Centrus Energy's  LEU.N 
shares rise 19.3% to $96.72
    ** On Thursday, the U.S. Department of Energy (DOE) rolled
out initial contracts to four companies including Centrus
Energy, to produce new, more highly enriched uranium
    ** The contracts will last for up to 10 years and each
awardee receives a minimum contract of $2 mln - U.S. DOE
    ** The other companies are Urenco USA, Orano USA, and
General Matter
    ** High-assay low-enriched uranium fuel, or HALEU, is
currently only produced in Russia 
    ** Including session gains, Centrus Energy up 77.8% YTD

 (Reporting by Seher Dareen in Bengaluru)
 ((Seher.Dareen@thomsonreuters.com))