Centrus Energy, Korea Hydro & Nuclear Power Sign Deal for Low-Enriched Uranium Supply-February 2024-www.financetom.com

Centrus Energy, Korea Hydro & Nuclear Power Sign Deal for Low-Enriched Uranium Supply

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Centrus Energy, Korea Hydro & Nuclear Power Sign Deal for Low-Enriched Uranium Supply

Sep 11, 2024 4:55 AM

07:27 AM EDT, 09/11/2024 (MT Newswires) -- Centrus Energy ( LEU ) said Wednesday it has signed a supply deal with Korea Hydro & Nuclear Power for low-enriched uranium to support the construction of new enrichment facilities at its American Centrifuge Plant in Ohio.

The supply agreement covers 10-year deliveries that would help fuel Korea's nuclear reactors.

Centrus has secured $1.8 billion in contingent sales commitments to support the new capacity. The commitments depend on final agreements and securing necessary investments.

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