On July 6, Centrus Energy rose 9.17% in regular trading, trading at $174.49/share, with turnover of $42.46 million. The rally was driven by the company's announcement that it has finalized a task order worth up to $1.07 billion from the US Department of Energy for deploying high-assay, low-enriched uranium (HALEU) production capacity as part of its broader capacity expansion plan.

The contract also includes a provision for up to $170 million in HALEU purchases for Departmental missions. Additionally, the company completed all HALEU production under its existing demonstration contract two weeks ahead of schedule in June. The expansion project is expected to create approximately 1,000 construction jobs and 300 long-term operations positions in Ohio, plus around 430 jobs in Tennessee.

This milestone builds on a series of strategic developments, including a letter of intent signed with Oklo in June for long-term HALEU supply to support up to five Aurora powerhouses, a partnership with Palantir to deploy AI for optimizing uranium enrichment expansion, and a construction contract with Fluor as EPC contractor for the Ohio plant expansion.

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