NYSE:LEUOil and Gas
Why Centrus Energy (LEU) Is Up 14.4% After Massive Nuclear Fuel Expansion And Centrifuge Push
Centrus Energy recently began domestic centrifuge manufacturing to support a multi-billion-dollar expansion of Low-Enriched Uranium production at its Piketon, Ohio plant, underpinned by more than US$1.60 billion in cash, US$1.20 billion in convertible note financing, and US$2.30 billion in contingent LEU sales commitments.
The company is also preparing future High-Assay, Low-Enriched Uranium output, courting foreign investment from partners such as Korea Hydro & Nuclear Power and POSCO...