Centrus Energy Corp

NYSE American:LEUUnited States

Nov 20, 2024

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• DJ U.S. Nuclear Reactors Still Depend on Russia. That's Becoming a Problem. -- Barrons.com, from 12:13PM ET on Wednesday Nov 20, 2024 by Dow Jones

  12:13PM ET on Wednesday Nov 20, 2024 by Dow Jones
  Companies Mentioned: LEU, C, CEG, CCJ, CCO
  
  By Avi Salzman
  
  Escalating tensions between Russia and the United States have wide implications for global security. Ukraine fired long-range missiles at Russia this week, after the U.S. approved plans to do so. Russian President Vladimir Putin said the move has crossed a red line, and changed Russia's nuclear doctrine to allow for nuclear strikes in response to attacks with conventional weapons.
  

• Centrus Launches Additional Investment in Centrifuge Manufacturing, from 11:30AM ET on Wednesday Nov 20, 2024 by PR Newswire

  11:30AM ET on Wednesday Nov 20, 2024 by PR Newswire
  Companies Mentioned: LEU

  Investment lays groundwork for potential large-scale uranium enrichment expansion

  Centrus Energy Corp. (NYSE American: LEU) today announced that it is resuming centrifuge manufacturing activities and expanding its manufacturing capacity at its facility in Oak Ridge, Tennessee. The company will invest an additional approximately $60 million for this effort over the next 18 months to lay the groundwork to support a potential large-scale expansion of uranium enrichment at the Centrus' American Centrifuge Plant in Piketon, Ohio. Such a large-scale expansion would require a multi-billion dollar public and private investment.