US awards $2.7 billion worth of orders to boost uranium enrichment

Mining01-05

The U.S. Energy Department announced on Monday it was awarding orders totaling $2.7 billion to three companies to boost domestic uranium enrichment over the next 10 years in a broader effort to reduce...

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Funds to make the fuel domestically in the United States were included in a law to ban uranium shipments from Russia fully by 2028.\nThe DOE awarded American Centrifuge Operating, a subsidiary of Centrus Energy, and General Matter, backed by tech billionaire Peter Thiel, with $900 million each to develop domestic HALEU enrichment capacity. It awarded Orano Federal Services with $900 million to expand domestic low-enrichment uranium production.\nThe Energy Department separately awarded an additional $28 million to Global Laser Enrichment, part-owned by Canadian uranium company Cameco, to further its work to build next-generation uranium enrichment technology for the nuclear fuel cycle.\nGlobal Laser Enrichment had sought a $900 million award.\nHALEU’s critics say it is a weapons risk if it gets into the wrong hands and recommend limiting enrichment to between 10% and 12% for safety. Uranium fuel used in today’s reactors is enriched to about 5%.\n(Reporting by Valerie Volcovici and Costas Pitas; editing by Susan Heavey and Nia Williams)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2601832297","isCrawlerRequest":true}