Centrus Inks Multi-Year HALEU Supply Deal With Antares, Including Prepayments
LEU is trading near its 52-week low of $135.85 (2.2% above the low).
Summary
Centrus signed a definitive multi-year contract to supply HALEU to Antares, with deliveries before decade-end and customer prepayments to fund capacity expansion. This adds another commercial customer beyond X-energy and the DOE, validating demand for its only licensed Western HALEU plant. Prepayments improve cash flow and de-risk the buildout. Contract value and volumes are not disclosed, so revenue impact is unclear, but the deal strengthens the backlog narrative following the $4.5B backlog reported in Q2. Watch for further contract details or capacity milestones.
Updates
· Seeking Alpha — Centrus stock rose 6.4% on the news.
At the time of this announcement, LEU was trading at $138.88 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $135.85 to $464.25. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.