Centrus Energy Inc. has signed a Memorandum of Understanding (MOU) with Korea Hydro & Nuclear Power (KHNP) and POSCO International to explore potential investment in expanding its uranium enrichment plant in Ohio. This agreement aims to support Centrus' efforts to increase U.S. uranium enrichment capacity amid a broader U.S. push to bolster nuclear energy infrastructure. The deal also enhances Centrus' existing supply contract with KHNP, initially established in February 2025, for additional low-enriched uranium. Centrus is actively competing for funding from the U.S. Department of Energy to finance the expansion, with potential funding requests reportedly ranging from $5 billion to $20 billion. The expansion aligns with growing demand driven by advanced, smaller nuclear reactors that require higher uranium enrichment levels than traditional plants. Industry analysts, including Evercore, have maintained an 'Outperform' rating on Centrus Energy with a price target of $252, reflecting optimism about the company's growth prospects in the nuclear energy sector.