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Centrus Energy (LEU) Is Up 21.6% After $900 Million US Award For Advanced Nuclear Fuel
The US government has awarded Centrus Energy about US$900 million to expand domestic production of next-generation nuclear reactor fuel as part of a broader push to reduce reliance on Russian-enriched uranium and build a secure US nuclear fuel supply chain.
This funding, alongside Centrus’ centrifuge manufacturing ramp-up and at-the-market equity program, highlights how federal backing and capital access are becoming central to its role in supplying advanced nuclear fuels.
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