U.S. uranium supply chain expands as Centrus and Eagle Nuclear advance projects

The United States is intensifying efforts to rebuild its domestic uranium supply chain to reduce reliance on imports and bolster national security.

Centrus Energy reported second-quarter 2026 revenue of $176.1 million, a 14% increase from the previous year. The company noted a growing imbalance between enrichment supply and demand, ending the quarter with a $4.5 billion backlog through 2040. This backlog includes $3.7 billion in its low-enriched uranium (LEU) segment and $800 million in technical solutions, driven by demand for LEU and high-assay low-enriched uranium (HALEU).

Simultaneously, Eagle Nuclear Energy Corp. is advancing its Aurora Uranium Project near the Oregon-Nevada border. The company claims the deposit contains 32.75 million pounds of indicated uranium resources. Eagle has filed permit applications for a pre-feasibility drilling campaign involving 47 holes to further evaluate the project, which it expects to complete by the second half of 2027.