Centrus secures $1B DOE contract to boost US nuclear fuel production for advanced reactors.

Centrus Energy Corp has finalized a contract with the U.S. Department of Energy worth over $1 billion to expand domestic production of high-assay low-enriched uranium (HALEU), crucial for advanced nuclear reactors. This contract supports Centrus' recent agreement with Oklo Inc to supply fuel for advanced reactors in Ohio, marking a significant step in scaling commercial nuclear fuel manufacturing. The DOE funding reduces financial risks and accelerates infrastructure upgrades needed to meet growing commercial demand for nuclear fuel. Investors can access exposure to this sector through the Range Nuclear Renaissance Index ETF (NUKZ), which includes both Centrus and Oklo, reflecting the growing public-private investment in next-generation nuclear energy.