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Washington Commits $2.7 Billion to Break Russia's Grip on Nuclear Fuel [Yahoo! Finance]

Centrus Energy Corp. Class A (LEU) 
NASDAQ:AMEX Investor Relations: investors.centrusenergy.com/investor-relations
Company Research Source: Yahoo! Finance
in a bid to lower the country's dependence on Russian supply. American Centrifuge Operating , a wholly-owned subsidiary of Maryland-based Centrus Energy Corp . (NYSE:LEU), Orano Federal Services , the U.S. arm of the major French nuclear company, Orano SA and Peter Thiel-backed nuclear fuel enrichment startup General Matter secured $900 million each while Global Laser Enrichment , jointly owned by Australia-based Silex Systems (OTCQX:SILXY) and Canada's Cameco Corp. (NYSE:CCJ), will get $28 million. Today's awards show that this Administration is committed to restoring a secure domestic nuclear fuel supply chain capable of producing the nuclear fuels needed to power the reactors of today and the advanced reactors of tomorrow ," Secretary of Energy Chris Wright said. Under the contracts, the three companies will be required to meet specific milestones related to the enrichment of low-enriched uranium and high-assay low-enriched uranium, or HALEU, for both existing and new nuclear p Show less Read more
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