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Centrus Energy Stock Surges on Ohio Plant Expansion Plans
Centrus Energy Stock Surges on Ohio Plant Expansion Plans
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BTCCSquare news:
Centrus Energy shares jumped 10.7% after announcing a major expansion of its uranium enrichment operations in Piketon, Ohio. The company secured $1.2 billion through convertible notes and $2 billion in customer purchase commitments to scale production of low-enriched uranium (LEU) and high-assay low-enriched uranium (HALEU).
Ohio Governor Mike DeWine emphasized Centrus' strategic role in national defense and domestic enrichment capabilities. The MOVE signals growing institutional confidence in nuclear energy infrastructure, though final expansion scope depends on U.S. Department of Energy funding decisions.
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