Centrus Energy enters supply agreement with X-Energy; shares rise - LEU News | RalliesCentrus Energy enters supply agreement with X-Energy; shares rise
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LEU• Centrus Energy shares rise on X-Energy supply agreement
- Shares of U.S.-based nuclear fuel supplier Centrus Energy (LEU.N) were up about 4% to $194.69 in premarket trading.
- The company will provide X-energy (XE.O) with enrichment services for Low-Enriched Uranium (“LEU”) and High-Assay, Low-Enriched Uranium (“HALEU”).
- The services 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 from its American Centrifuge Plant in Pike County, Ohio.
- As of the last close, LEU was down about 23% year to date.
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