LEU - Centrus Energy license amendment for HALEU production approved by NRC

Centrus Energy (LEU) +2.2% post-market after saying the U.S. Nuclear Regulatory Commission approved its license amendment request to produce high-assay, low-enriched uranium at its Piketon, Ohio, enrichment facility.Centrus says the Piketon plant is now the only U.S. facility licensed to enrich uranium up to 20% U-235, and it expects to begin demonstrating HALEU production early next year.Under a 2019 contract with the U.S. Department of Energy running through mid-2022, Centrus is constructing a cascade of 16 AC100M centrifuges to demonstrate production of HALEU.Centrus Energy's valuation does not reflect the possibility of expanded nuclear energy support in the next few years, Marco Brecciaroli writes in a bullish analysis published recently on Seeking Alpha.

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Centrus Energy license amendment for HALEU production approved by NRC