Mentioned:
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Domestic uranium enrichment is getting a big boost in America. And the Department of Energy is behind it.

What’s happening:

  • The United States Department of Energy has placed $2.7B USD of purchase orders for uranium enrichment with multiple different companies

Why it matters:‍

  • This is one of the single largest government funding commitments in American history for securing domestic sources of enriched uranium

Going deeper:‍

  • Multiple companies were chosen by the United States Department of Energy for purchase orders including Centrus Energy (NYSE: LEU) subsidiary American Centrifuge Operating, Orano Federal Services and Peter Thiel backed startup General Matter
  • Cameco (NYSE: CCJ) joint venture company Global Laser Enrichment will also receive up to $28M USD to advance leading edge uranium enrichment technology

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