Mentioned:
A private nuclear microreactor company in California is locking down more uranium supply. And they’re turning to Centrus Energy to do it.
What’s happening:
- Centrus Energy (NYSE: LEU) has entered into a definitive agreement for high-assay low-enriched uranium supply with nuclear microreactor startup Antares
Why it matters:
- Centrus Energy currently operates the only American based facility licensed by the Nuclear Regulatory Commission to enrich uranium up to 20% for high-assay low-enriched uranium fuel
Going deeper:
- Centrus Energy has publicly stated that uranium fuel deliveries will begin to Antares within the next three and a half years
- Oklo (NYSE: OKLO) and Centrus energy previously made waves when they struck a deal for nuclear fuel supply for up to five of Oklo’s flagship Aurora advanced nuclear reactors
The intrigue:
- Antares just recently raised $470M USD in a Series C financing round to accelerate the deployment of their nuclear microreactors at military bases in the United States
