BUZZ-Centrus Energy gains after announcing extra centrifuge manufacturing capacity

Reuters02:36

** Shares of nuclear fuel supplier Centrus Energy gains 8.6% at $74.36

** Co says it is resuming centrifuge manufacturing activities and expanding its manufacturing capacity at its facility in Oak Ridge, Tennessee

** LEU says it will invest additional $60 mln for this effort in the next 18 months to primarily lay the groundwork for a large-scale expansion later at its plant in Piketon, Ohio

** Centrifuges are used to enrich uranium fuel for reactors

** Co said on Monday that Russia's TENEX sent it a notice of cancellation of its license to export low-enriched uranium to the U.S., effective through Dec. 31, 2025

** Stock had fallen more than 10% on the previous session

** Including the session's gains, stock is up ~36% YTD

(Reporting by Sourasis Bose in Bengaluru)

((Sourasis.bose@thomsonreuters.com))

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