Centrus Energy enters supply agreement with X-Energy; shares rise
LEU•Centrus Energy signs supply agreement with X-Energy
Shares of Centrus Energy LEU.N gain 3.3% to $193.43
The U.S.-based nuclear fuel supplier will provide X-energy XE.O with enrichment services for Low-Enriched Uranium (“LEU”) and High-Assay, Low-Enriched Uranium (“HALEU”).
They are expected to support X-energy's initial Xe-100 small modular reactors and TRISO-X fuel deployments.
Under the contract, X-energy will provide prepayments to Centrus to support its domestic commercial enrichment capacity program.
Centrus will produce LEU and HALEU at its American Centrifuge Plant in Pike County, Ohio.
Including session's moves, LEU is down about 21.3% year to date.
