- Uranium supplier USEC (USU +60.4%) soars as much as 70% in early trading after an SEC filing reveals it secured ~$2.5M in additional funds through the U.S. Department of Energy, bringing total DoE funding to ~$16M.
- The funds come via an amendment to the agreement with UT-Battelle, operator of Oak Ridge National Laboratory in Tennessee, for continued R&D of the American Centrifuge technology in furtherance of Department of Energy national security objectives.
- Also, a statement of operations shows revenues of ~$6M and a net loss of ~$3.5M in May.
- Uranium peers on radar include UEC +7.7%, URG +2.7%, URRE +2.7%, DNN +1.6%, UUUU +1.6%.
USEC +60% after gaining $2.5M in new funds under DoE agreement
From other sites
at CNBC.com (Aug 6, 2014)
at MarketWatch.com (Dec 16, 2013)
at CNBC.com (Jul 24, 2013)
at MarketWatch.com (Jul 22, 2013)
at Fox Business (Aug 28, 2012)
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