Why Centrus Energy Stock Leaped 5% Higher Today
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Centrus Energy's stock rose 5% after the company announced a contract extension with the U.S. Department of Energy to produce high-assay, low-enriched uranium (HALEU) through June 30, 2026. This news comes as Centrus partners with Oklo to supply HALEU for a new nuclear plant in Alaska. The Department of Energy also holds options for further extensions, potentially extending the contract for up to eight more years, positioning Centrus favorably in the nuclear energy sector.
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