Centrus Energy up on signing supply commitment with Korean firm

Centrus Energy

11/09/2024 18:49

(Updates)
    ** Shares of U.S.-based nuclear fuel supplier Centrus Energy
 LEU.N  rise 9.28% to $39.69 
    ** 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 in late 2023
    ** Including session's moves, stock is down 27.11% YTD

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com))