en.Wedoany.com Reported - Antares has recently signed a long-term enrichment services agreement with Urenco, under which Urenco will supply High-Assay Low-Enriched Uranium (HALEU) for the microreactors produced at its facilities. The agreement secures the supply of one of the most scarce raw materials in the commercialization of advanced reactors and strengthens a reliable Western next-generation nuclear fuel supply chain.
Magnus Mori, Head of Advanced Fuels at Urenco, stated that this is the world's first multi-year HALEU supply contract, marking a significant milestone in the maturation of this emerging market. Under the agreement, Urenco will provide enrichment services for Antares at its HALEU production facility in the UK, which is expected to be operational by 2031 and is poised to be among the first such facilities licensed in Western nations. The fuel supplied will be used for Antares' microreactors deployed in North America and surrounding markets.
Jordan Bramble, CEO of Antares, noted that microreactors using HALEU fuel offer better performance and greater economic benefits. This collaboration ensures that as the company scales production beyond federally allocated materials, it will have sufficient commercial supply to meet demand. Reliable access to HALEU is recognized as one of the most critical factors driving the advancement of advanced reactors. Through this partnership, Antares is one step closer to delivering microreactors suitable for a wide range of commercial applications.
Antares is a nuclear fission energy company founded in 2023, dedicated to developing small microreactors for terrestrial and space energy applications, providing safe and reliable power in areas beyond the reach of traditional energy sources. The company has secured over $140 million in funding and plans to conduct a reactor demonstration in 2026, test its first power-generating reactor in 2027, and begin initial production deployment in 2028. Antares currently operates facilities in Torrance, California; Idaho Falls, Idaho; and Aiken, South Carolina.
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