Iran says it reached a quote general agreement with the US on a potential nuclear deal, but cautions the next stage could be a lot more difficult. This relatively positive diplomatic progress comes as the US and Iran wrap up their second round of talks in Geneva on Tuesday, led by special envoy Steve Wetoff and the president's son-in-law Jared Kushner. Iran's foreign minister says the understanding is the two sides will now each draft and exchange texts for a potential agreement before setting a date for a ...

Key HighlightsUranium enrichment intersected in every drill hole at Loki, a strong indicator of a large, active mineralizing systemFirst confirmed uranium at the unconformity in the NE Thelon BasinStrong geochemical and isotopic signatures confirm uranium-bearing fluid flow across multiple targetsExtensive alteration, structure, and uranium enrichment consistent with major unconformity-style uranium systemsMultiple large, under-tested targets across Aberdeen support district-scale upside and follow-up dril ...

Core Insights - Centrus Energy Corp reported a net income of $77.8 million for the year ended December 31, 2025, an increase from $73.2 million in 2024, with total revenue rising to $448.7 million from $442.0 million in the previous year [1][2][3] Financial Performance - The company generated total revenue of $448.7 million in 2025, compared to $442.0 million in 2024, with a gross profit of $117.5 million, up from $111.5 million [1][2] - Revenue from the LEU segment decreased by $3.7 million (1%) to $346.2 million, while Technical Solutions segment revenue increased by $10.4 million (11%) to $102.5 million [1][2] - The gross profit for the LEU segment increased by $17.6 million (19%) to $111.5 million, primarily due to increased sales volume of separative work units (SWU) [1][2] Operational Developments - Centrus has a backlog of $3.8 billion as of December 31, 2025, with $2.9 billion in LEU segment backlog and $0.9 billion in Technical Solutions segment backlog [2][3] - The company plans to produce 12 metric tons of HALEU annually after 2030, with some production expected by the end of the decade [2][3] - A $900 million task order was awarded to Centrus by the U.S. Department of Energy to expand its uranium enrichment facility in Piketon, Ohio [1][2] 2026 Guidance - For 2026, Centrus expects total capital deployment between $350 million and $500 million and total revenue in the range of $425 million to $475 million [2][3] - The company anticipates hiring at least 50 new employees for the Piketon facility and 100 for the Oak Ridge facility [2][3] Strategic Initiatives - Centrus has initiated domestic centrifuge manufacturing to support its commercial LEU enrichment activities, marking a significant transformation in U.S. uranium enrichment history [2][3] - The company is focused on leveraging its multi-billion-dollar uranium enrichment expansion to meet its growing backlog of LEU sales [2][3]

🚨BREAKING: IRAN REJECTS US DEMAND TO HALT URANIUM ENRICHMENTIran confirms it will not pause or move uranium enrichment abroad during talks with the U.S. in Oman, according to the Wall Street Journal.With core positions unchanged, the talks appear stalled, keeping regional and market tensions elevated. ...

RT WW3 Monitor (@WW3_Monitor)Iran refuses to halt uranium enrichment in nuclear ☢️ talks with the US - WSJ🇺🇸🇮🇷🇴🇲‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️ ...

RT BRICS News (@BRICSinfo)JUST IN: 🇮🇷🇺🇸 Iran refuses to halt uranium enrichment in nuclear talks with the US. https://t.co/upwwyXNEe6 ...

Core Viewpoint - Centrus Energy's stock surged 14.2% after announcing plans to expand into centrifuge manufacturing for uranium enrichment [1] Company Plans - Centrus Energy has historically focused on trading enriched uranium and is now planning to enrich uranium independently, including High-Assay, Low-Enriched Uranium (HALEU) for advanced reactors [2] - The company will initially produce Low-Enriched Uranium (LEU) at its facility in Piketon, Ohio, and has secured $2.3 billion in supply contracts [4] - Centrus will begin centrifuge manufacturing in Oak Ridge, Tennessee, which will be used to produce LEU and HALEU nuclear fuel in Ohio [5] Financial Aspects - Centrus is awaiting confirmation of Department of Energy (DOE) funding, estimated at ~$900 million per task order for LEU and HALEU production [6] - The company has secured $1.2 billion in funding through convertible note transactions and currently holds $1.6 billion in cash, with plans to raise an additional $1 billion through stock sales [6] Market Positioning - Centrus aims to dominate uranium enrichment in the U.S., with centrifuge production expected to start in 2029, aligning with the anticipated operational start of new nuclear power plants around 2030 [7]

Core Insights - Snow Lake Resources Ltd. announces significant progress by Ubaryon on its Uranium Enrichment Technology and other value-adding technologies [1][4] Operational Update - Ubaryon's Uranium Enrichment Technology is currently at Technology Readiness Level (TRL) 4, with plans to progress to TRL 5 over the next three years, contingent on meeting technical milestones [3][4] - The company has enhanced its technical team and laboratory capabilities to accelerate development across multiple workstreams [5] - Ubaryon is also developing chlorine isotope separation technology for next-generation molten salt nuclear reactors, with promising initial testing results [6] Technology Development - Ubaryon has created a sorbent powder for uranium recovery from waste solutions, which is currently under provisional patent and has attracted interest from various organizations [7] - The technology simplifies the uranium enrichment process by eliminating the need for conversion and deconversion steps, enhancing flexibility in the nuclear fuel supply chain [13] Regulatory Update - Urenco has received a "no objection ruling" from the Australian Foreign Investment Review Board, allowing for the completion of its investment in Ubaryon ahead of schedule [8] - Ubaryon has obtained "in principle" approval from Defence Export Control for future dealings with Urenco regarding its uranium technology, indicating no current strategic or security objections [9] - The company maintains compliance with Australian Safeguards and Non-Proliferation Office requirements, having undergone multiple inspections in 2025 [10] Company Background - Ubaryon is a private Australian company focused on developing a unique uranium enrichment technology based on chemical separation of naturally occurring uranium isotopes [11] - Established in 2015, Ubaryon has been actively pursuing patent applications and regulatory classifications for its technology since 2018 [12] - Snow Lake Resources Ltd. holds a significant stake in Ubaryon, with plans to acquire additional shares from Global Uranium and Enrichment Limited [14]

Core Insights - Centrus Energy (LEU) has experienced a remarkable stock increase of 297.1% year-to-date, significantly outperforming the non-ferrous mining industry's growth of 34.1%, the Zacks Basic Materials sector's 23.2% gain, and the S&P 500's increase of 18.7% [1] Financial Performance - In Q3 2025, Centrus Energy reported total revenues of $75 million, marking a 30% year-over-year increase. The Low-Enriched Uranium segment saw revenues rise by 29% to $44.8 million, primarily due to uranium sales contributing $34.1 million, compared to no sales in the same quarter last year [5][8] - The Technical Solutions segment's revenues increased by 31% to $30 million, driven by a $7.3 million boost from the HALEU Operation Contract [6] - Operating loss widened to $16.6 million from a loss of $7.6 million in the previous year, but the company achieved a net income of $3.9 million, or earnings per share of 19 cents, due to an income tax benefit and higher investment income [7] Growth Strategy and Market Position - Centrus Energy plans to expand its uranium enrichment plant in Piketon, Ohio, to enhance production of Low-Enriched Uranium and High-Assay, Low-Enriched Uranium (HALEU), contingent on securing funding from the U.S. Department of Energy [10] - The company has raised over $1.2 billion through convertible note offerings and secured over $2 billion in contingent purchase commitments from utility customers [11] - Centrus Energy is the only U.S.-based producer of HALEU and has a significant backlog of $3.9 billion in revenue from long-term sales contracts with major utilities through 2040 [9][12] Market Outlook and Valuation - The Zacks Consensus Estimate for Centrus Energy's earnings per share is projected at $4.58 for 2025, indicating a 2.47% year-over-year growth, while the estimate for 2026 is $3.70, reflecting a decline of 19.35% [15] - Centrus Energy's current valuation shows a forward price/sales multiple of 9.94X, which is significantly higher than the industry average of 3.85X, indicating a stretched valuation [17] Demand for HALEU - The demand for HALEU is expected to surge, with the market value projected to reach $0.26 billion in 2025 and grow to $6.14 billion by 2035, providing a strategic advantage for Centrus Energy [21] - Centrus Energy's leadership in HALEU production, backed by its exclusive Nuclear Regulatory Commission license for enrichment, positions the company favorably as demand accelerates [22]

Core Insights - Centrus Energy (LEU) shares have declined 11% since the release of Q3 2025 results on November 5, despite reporting improvements in revenue and earnings, which fell short of analyst expectations [1][8]. Financial Performance - Centrus Energy's Q3 revenues increased by 30% year over year to $75 million, but this was below the Zacks Consensus Estimate of $80 million [10]. - The Low-Enriched Uranium (LEU) segment's revenues rose 29% to $44.8 million, driven by uranium sales of $34.1 million, compared to no uranium revenues in the same quarter last year [6][8]. - The Technical Solutions segment's revenues grew 31% to $30 million, supported by a $7.3 million contribution from the HALEU Operation Contract with the U.S. Department of Energy [10][9]. - Despite revenue growth, the company reported a total gross loss of $4.3 million, compared to a gross profit of $8.9 million in the previous year [11]. Market Position and Growth Prospects - Centrus Energy is the only licensed producer of High-Assay, Low-Enriched Uranium (HALEU) in the Western world, with significant market opportunities as the HALEU market is projected to grow from $0.26 billion in 2025 to $6.14 billion by 2035 [14][15]. - The company plans to expand its uranium enrichment plant in Piketon, Ohio, to increase production capacity for both HALEU and low-enriched uranium [16]. Valuation and Estimates - Centrus Energy's stock is trading at a forward price/sales multiple of 10.79X, significantly higher than the industry average of 3.66X, indicating a stretched valuation [21]. - The Zacks Consensus Estimate for Centrus Energy's 2025 earnings is $4.38 per share, reflecting a 2% year-over-year decline, while the estimate for 2026 suggests a more significant decline of 26.11% [17][19]. Competitive Landscape - Centrus Energy has outperformed peers in the non-ferrous mining industry, with a year-to-date stock surge of 333.9%, compared to 26% for the industry and 16.1% for the S&P 500 [2][8]. - Competitors Energy Fuels and Cameco have seen stock gains of 222.5% and 83.8%, respectively [2].