Centrus Energy Corp. (LEU) announced it has signed a definitive multi-year contract to supply Antares Nuclear with High-Assay Low-Enriched Uranium (HALEU). The agreement provides a reliable, domestic fuel source for Antares' advanced microreactor projects, which support space and national security missions. The contract includes prepayments from Antares to help fund the expansion of Centrus's HALEU production capacity.
Key Details
- Agreement: A multi-year contract to supply HALEU to Antares Nuclear for its compact microreactors.
- Timeline: Deliveries of HALEU are scheduled to commence before the end of the current decade.
- Financial Terms: The contract includes unspecified prepayments from Antares to support the buildout of Centrus's commercial-scale HALEU production at its Piketon, Ohio facility.
- Strategic Importance: The fuel is "unobligated" (U.S.-origin), making it suitable for sensitive national security applications. This agreement adds a new customer to Centrus's HALEU order backlog.