AREVA wins uranium concentrate contract valued at $70MM

Source:AREVA

AREVA has been awarded a multi-year, multi-million dollar contract for the strategic supply of uranium concentrates (U3O8) to be used in fuelling the nuclear power fleet of a major U.S. utility.

Under the contract valued at approximately $70 million, 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 of AREVA Inc. "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."

AREVA is a world leader in uranium production and fuel fabrication technologies. As the second-largest uranium producer globally, AREVA maintains a broad portfolio of mines under development and in operation on several continents. Last year, AREVA achieved a record-level performance of 9,760 tons of uranium produced.

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