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Stock impact report

UK Seeks to Dent Russia's Monopoly of Uranium-Fuel Market [Yahoo! Finance Canada]

Centrus Energy Corp. Class A (LEU) 
NASDAQ:AMEX Investor Relations: investors.centrusenergy.com/investor-relations
that's expected to play a key role in a powering a new generation of small, factory-built reactors. Most Read from Bloomberg The Kremlin's nuclear giant Rosatom Corp. is currently the world's only commercial supplier of high-assay, low-enriched uranium, known as HALEU. The fuel blend has a higher concentration of the uranium isotopes needed to sustain fission, requiring utilities to re-fuel less often while potentially driving down operating costs. ADVERTISEMENT The UK government will provide £196 million ($246 million) to Urenco Ltd., the British-Dutch-German consortium that's the world's second biggest uranium enricher, to build a HALEU fabrication line at its facility in Capenhurst. “Backing Urenco to build a uranium enrichment plant here in the UK will mean we are the first European nation outside Russia to produce advanced nuclear fuel,” said Claire Coutinho, secretary of energy-security and net zero. Efforts to diversify uranium supply chains have picked up in the wa Show less Read more
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