Centrus Adds Radiant as HALEU Customer, Securing Prepayments for Enrichment Buildout
LEU sits 24% above its 52-week low of $142.13.
Summary
Centrus signed a definitive multi-year contract to supply HALEU to Radiant for its Kaleidos microreactors, with deliveries starting before 2030. Radiant will make prepayments to Centrus, directly funding its domestic enrichment capacity expansion. This is the third advanced reactor customer announced in recent months, following Oklo and X-energy, and strengthens Centrus' position as the only U.S.-origin HALEU supplier. The deal adds to the record $4.5 billion backlog and supports the company's strategic pivot toward high-margin enrichment services. Watch for further customer announcements as Centrus scales its Piketon and Oak Ridge facilities.
At the time of this announcement, LEU was trading at $176.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3.7B. The 52-week trading range was $142.13 to $464.25. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.