Fueling the Future of Nuclear Power

HALEU: Different Economics Than LEU Published SWU Prices Not Applicable to HALEU LEU HALEU NRC Licensing Category 3 Category 2 On Site Deconversion (UF6 Oxide → Metal) U.S. demand (near term) No ~15,000,000 Certainty LEU SWU/yr Bankable demand from Fortune 500 utility companies Yes <100,000 HALEU SWU/yr Startup companies; demand level highly uncertain Implication Significant new regulatory and safety requirements drive costs Additional capex and opex at enrichment plant Very different economies of scale Absent funding or bankable offtake contracts, financing construction will be difficult Centrus Fueling the Future of Nuclear Power 12

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