Centrus Signs HALEU and LEU Supply Agreement with Advanced Reactor Firm X-energy

Centrus Energy Corp. has entered into a definitive contract with X-energy, LLC to provide enrichment services for Low-Enriched Uranium (LEU) and High-Assay, Low-Enriched Uranium (HALEU). The agreement is designed to support the fuel requirements for X-energy's initial deployment of its Xe-100 small modular reactors. As part of the contract, X-energy will make prepayments to help fund the expansion of Centrus' domestic enrichment capacity.

Key Details

• Parties & Product: Centrus will supply LEU and HALEU to X-energy to fuel its advanced nuclear reactors, specifically the Xe-100 model.
• Financial Terms: The agreement includes prepayments from X-energy to Centrus, providing non-dilutive, non-debt capital to support its production build-out.
• Timeline & Production: Deliveries are scheduled to begin in 2030, with the enriched uranium expected to be produced at Centrus' American Centrifuge Plant in Pike County, Ohio.