Terrestrial Energy USA and Centrus Energy Corp. have signed a memorandum of understanding to secure fuel supply for a future fleet of Integral Molten Salt Reactor (IMSR) power plants. The two companies will evaluate the logistical, regulatory, and transportation requirements to establish fuel supply for Integral Molten Salt Reactor (IMSR) power plants, which use standard-assay low-enriched uranium (LEU).
TerraPower announced today its plans to team with Centrus Energy Corp. to establish commercial-scale, domestic production capabilities for high-assay, low-enriched uranium (HALEU), which will be needed to fuel many next-generation reactor designs including the recently announced Natrium™ Power Storage System designed by TerraPower and GE Hitachi Nuclear Energy.
The Russian Suspension Agreement is a trade agreement between the United States and Russia that suspends an antidumping duty investigation of Russian uranium and allows for limited imports, subject to an annual quota.
Centrus Energy Corp. today announced the pricing of an underwritten public offering of 2,350,000 shares of its Class A Common Stock, at a public offering price of $10.00 per share of Class A Common Stock. In addition, Centrus has granted the underwriters a 30-day option to purchase up to an additional 352,500 shares of Class A Common Stock at the public offering price, less the underwriting discount.
“Despite the unprecedented health crisis posed by COVID-19, with a large portion of our staffshifting to telework, our dedicated employees have rallied to produce outstanding results,” said Dan Poneman, Centrus president and chief executive officer. “We are continuing to make progress on the High-Assay, Low-Enriched Uranium (HALEU) program, including the NuclearRegulatory Commission’s acceptance of our application to amend our license at Piketon to permit the production of HALEU for review. We will continue our efforts to protect the healthand safety of our employees and their families as our highest priority.”
BETHESDA, Md. – Centrus Energy Corp. (NYSE American: LEU) will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Wednesday, August 5, 2020, at 8:30 a.m. ET. The Company will release its second quarter earnings report for 2020, which ended June 30, 2020, after the close of markets on […]
BETHESDA, Md. — Centrus Energy Corp. (NYSE American: LEU) today announced that the Company’s application to produce High-Assay Low-Enriched Uranium (HALEU) at its Piketon, Ohio, facility has been accepted by the Nuclear Regulatory Commission (NRC) for formal review. HALEU-based fuels will be required for most of the advanced reactor designs currently under development and may […]
BETHESDA, Md. – Centrus Energy Corp. (NYSE American: LEU) announced the results of the 2020 annual meeting of shareholders held on June 17, 2020. As of the record date, April 20, 2020, there were 8,783,189 shares of Centrus Class A common stock outstanding, each entitled to one vote, and 87.67 percent of those shares were […]
“I am pleased that, in this challenging time, we are able to report a positive net income for the quarter. This is the result of the hard work we’ve done in recent years to diversify our business,reduce our debt, and lower our cost structure,” said Dan Poneman, Centrus president and chief executive officer. “We are continuing to make progress on the HALEU program, even as we have limited our operations to protect the health and safety of our employees and their families.”
BETHESDA, Md. – Centrus Energy Corp. (NYSE American: LEU) will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Tuesday, May 12, 2020, at 8:30 a.m. ET. The Company will release its first quarter earnings report for 2020, which ended March 31, 2020, after the close of markets on […]