Welcome to our dedicated page for Centrus Energy news (Ticker: LEU), a resource for investors and traders seeking the latest updates and insights on Centrus Energy stock.
Centrus Energy Corp. supplies nuclear fuel and services for the nuclear power industry. Its recurring news centers on Low-Enriched Uranium sales, separative work units, uranium enrichment, High-Assay, Low-Enriched Uranium, and Technical Solutions work that includes engineering, design, and manufacturing services for government and private-sector customers.
Company updates also cover financial results, revenue guidance, centrifuge manufacturing, enrichment-capacity expansion in Piketon, Ohio, and manufacturing activity in Oak Ridge, Tennessee. Partnership news has addressed engineering, project management, supply-chain coordination, artificial-intelligence tools, and other operational support for uranium-enrichment expansion.
Centrus Energy Corp. (NYSE: LEU) announced that its application to produce High-Assay Low-Enriched Uranium (HALEU) has been accepted by the Nuclear Regulatory Commission (NRC) for review. This approval is crucial for advanced reactor designs and the future of U.S. nuclear energy. The company is on track with a previously established contract worth $115 million with the U.S. Department of Energy to demonstrate HALEU production. Centrus aims to increase its uranium enrichment capacity, targeting up to 20% U-235, addressing the industry's needs for advanced fuels.
Centrus Energy Corp. (NYSE American: LEU) held its 2020 annual meeting of shareholders on June 17, where 87.67% of the 8,783,189 outstanding shares were represented. All four proposals were approved, including the election of nine director nominees for a one-year term, approval of the Section 382 Rights Agreement, an advisory vote on executive compensation, and ratification of PricewaterhouseCoopers LLP as independent auditors for 2020. Tina W. Jonas was newly elected to the board, bringing extensive experience from government and the private sector.