First U.S. HALEU License in 50 Years Benefits Energy Fuels
TRISO-X received the first U.S. license in 50 years on Feb. 13 to produce HALEU, with commercial output scheduled at its Oak Ridge TX-1 facility by 2028. Uranium producers like Energy Fuels are now positioned to supply this next-gen fuel, potentially accelerating a multi-billion-dollar SMR deployment cycle.
1. Historic HALEU License
On Feb. 13, TRISO-X received the first U.S. federal license in 50 years to manufacture high-assay low-enriched uranium (HALEU) fuel, enabling commercial production at the TX-1 facility in Oak Ridge, Tennessee, by 2028.
2. Energy Fuels' Position
Energy Fuels, a leading uranium producer, is set to capitalize on the revived HALEU supply chain, leveraging its existing enrichment and processing assets to meet next-generation reactor fuel demand.
3. Market Outlook
Analysts project a multi-billion-dollar investment cycle in small modular reactors (SMRs) and nuclear infrastructure, with Energy Fuels primed for revenue growth as AI and grid-scale power needs drive HALEU demand.