Centrus Signs LOI with Oklo to Supply HALEU for 1.2 GW Nuclear Power Campus
LEU sits 32% above its 52-week low of $144.65 on elevated volume (2.4× avg).
Summary
Centrus Energy announced a non-binding letter of intent to supply high-assay, low-enriched uranium (HALEU) to Oklo, Inc. for its planned 1.2 gigawatt nuclear power campus, with deliveries starting in 2029.
Key Events · M&A and Partnerships · LEU
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Non-Binding HALEU Supply LOI Signed
Centrus Energy signed a non-binding letter of intent with Oklo, Inc. to supply high-assay, low-enriched uranium (HALEU) from its Piketon, Ohio facility.
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Major Customer for HALEU Production
The agreement positions Centrus to supply HALEU for up to five Aurora powerhouses as part of Oklo's planned 1.2 gigawatt Clean Energy Campus, with deliveries scheduled to begin in 2029.
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Potential for Prepayments
The letter of intent could include prepayments from Oklo to Centrus, providing financial support for Centrus' HALEU supply and expansion efforts.
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Strategic Alignment
This LOI aligns Centrus' HALEU enrichment capabilities with a significant customer demand, reinforcing the company's role in the domestic advanced nuclear fuel supply chain.
Analysis · LEU · Energy & Transportation
This non-binding letter of intent with Oklo, Inc. is a significant step for Centrus Energy, potentially securing a major customer for its high-assay, low-enriched uranium (HALEU) production starting in 2029. The agreement supports Oklo's planned 1.2 gigawatt nuclear power campus and could include prepayments, providing crucial demand and financial support for Centrus' strategic HALEU expansion, which follows the $900 million construction contract announced in April.
At the time of this filing, LEU was trading at $190.45 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3.8B. The 52-week trading range was $144.65 to $464.25. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.