Centrus Energy Soars 3.7% Pre-Market on DOE Contract Extension News
Department of Energy Extends Contract with Centrus Energy for Continued High-Assay Low-Enriched Uranium Production
Looks like Centrus Energy (NYSE: LEU) is seeing a 3.7% bump in stock prices before the market opens Friday, all thanks to an exciting announcement from the U.S. Department of Energy.
Why all the fuss? Well, it turns out the Department had exercised an option to prolong the collaboration for producing high-assay, low-enriched uranium (HALEU) with Centrus Energy, right up to June 30, 2026. And here's the kicker - the Department still holds additional options to keep the cooperation going for a significant number of years beyond that date.
This contract extension, valued at around $110 million, was initially announced in June 2025. The partnership between Centrus and the Department dates back to 2019, and it's clear that this collaboration is crucial for continuing national needs related to uranium enrichment capability[3].
The project between Centrus Energy and the Department of Energy, significant for national uranium enrichment capabilities, has been extended, impacting the business and finance sectors. The collaboration, now stretched till June 30, 2026, with potential prolongation, is valued at approximately $110 million, contributing to the industry growth for Centrus Energy.
