Centrus Energy Corp. (NYSE:LEU) is one of the best performing mid cap stocks so far in 2025. On June 20, Centrus Energy announced that the US Department of Energy/DOE exercised an option to extend its High-Assay, Low-Enriched Uranium/HALEU production contract through June 30, 2026.
This extension is valued at ~$110 million and signifies a continuation of the partnership initiated in 2019 to re-establish America’s uranium enrichment capabilities. The extended contract’s Phase I was completed in late 2023 with the delivery of 20 kilograms of HALEU. Phase II required Centrus to produce an additional 900 kilograms of HALEU by June 30 this year, and Centrus produced over 920 kg to date. The current extension kicks off Phase III, which initially included 3 optional 3-year extension periods for annual production of 900 kilograms of HALEU UF6.
Image by Markus Distelrath from Pixabay
Centrus Energy Corp. (NYSE:LEU) supplies nuclear fuel components for the nuclear power industry in the US, Belgium, Japan, the Netherlands, and internationally.
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Disclosure: None. This article is originally published at Insider Monkey.
