Centrus Energy will join the S&P SmallCap 600 Index before markets open July 14, a move the company said reflects its growing role in rebuilding the U.S. nuclear fuel supply chain and expanding domestic uranium enrichment capacity.
“Our invitation into the S&P SmallCap 600 reflects the progress our team has made and the expanding role that Centrus will play in fueling the future of nuclear energy,” President and CEO Amir Vexler said in a statement Tuesday.
The move comes as Centrus advances an expansion of its uranium enrichment operations in Piketon, Ohio, the release said. The company launched domestic centrifuge manufacturing late last year to support the planned expansion, which is intended to increase production of low-enriched uranium, high-assay low-enriched uranium for advanced reactors, and enriched uranium for national security missions. Centrus has said the multibillion-dollar project could create thousands of jobs and rank among the nation’s largest nuclear infrastructure projects.
The company press release follows news last week that Centrus signed a contract with the Department of Energy to finalize terms for a $900 million task order received earlier this year.
According to S&P Dow Jones Indices, Centrus will replace Whitestone REIT in the S&P SmallCap 600 Index, which tracks the performance of small-cap U.S. companies.