Areva was awarded a $70 million, multi-year contract to supply uranium concentrates (U3O8) to be used in fueling a U.S. utility’s nuclear fleet. Areva will provide around one million pounds of U3O8 over a several year period.
“We are continually looking to expand commercial relationships with key utilities across the United States,” said Michael Rencheck, president and CEO or Areva. “Every new agreement, like this one, is further validation that the nuclear industry relies on our strong safety culture, quality products, and the reliable services we provide.
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