Centrus Energy up on signing supply commitment with Korean firm
11/09/2024 13:32
** Shares of U.S.-based nuclear fuel supplier Centrus Energy
LEU.N rise 3.25% to $37.50 premarket
** Co signs long-term contingent supply commitment with
Korea Hydro & Nuclear Power (KHNP) for a decade of deliveries of
low-enriched uranium
** Centrus has secured a total of $1.8 bln in contingent
sales commitments to date to support deployment of new capacity
at Centrus' American Centrifuge Plant in Ohio
** The plant began producing high-assay, low-enriched
uranium (HALEU) in late 2023
** Up to last close, stock down 33.25% this year
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com))