Centrus Energy secures a $110 million Haleu production contract extension from DOE to mid-2026

Centrus Energy Corp. (NYSE:Lou) is one of Best Performance Midcap Stock ever in 2025. On June 20th, Centrus Energy announced that the U.S. Department of Energy/DOE had exercised the option to extend its high assay low-enriched uranium/Haleu production contract until June 30th, 2026.

The expansion is valued at ~$110 million, meaning the continuation of the partnership launched in 2019 to reestablish America’s uranium enrichment capabilities. Phase I of the extension agreement was completed in late 2023, with 20 kilograms of Haleu being delivered. In Phase II, Centrus will need to produce an additional 900 kilograms of Haleu by June 30th this year, and Centrus has produced more than 920 kg so far. The current expansion begins Phase III, which first includes a three-year extension period of three options for annual production of 900 kilogram Haleu UF6.

Image by Markus Distelrath from Pixa Bay

Centrus Energy Corp. (NYSE: LEU) supplies nuclear fuel components to the nuclear industry in the US, Belgium, Japan, the Netherlands and internationally.

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Disclosure: None. This article was originally published Insider Monkey.