Centrus Inks Definitive LEU and HALEU Supply Deal with X-energy, Backed by Prepayments
LEU sits 36% above its 52-week low of $142.13.
Summary
Centrus signed a definitive contract to supply LEU and HALEU to X-energy, supporting the latter's initial Xe-100 small modular reactors and TRISO-X fuel deployments. X-energy will provide prepayments, adding non-dilutive, non-debt capital to Centrus's buildout. This follows the June 18 letter of intent with Oklo and the July 1 $900 million DOE award, reinforcing Centrus's position as a go-to HALEU supplier. The deal adds to a $3 billion contingent backlog, $2.4 billion of which is now definitized. With growing demand from advanced reactor developers, this agreement further de-risks Centrus's commercial enrichment capacity expansion.
At the time of this announcement, LEU was trading at $193.98 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 8 out of 10. Source: PR Newswire.