USEC announced today that it had not been able to conclude a deal for the short-term extension of uranium enrichment at the Paducah Gaseous Diffusion Plant in Kentucky, and the company will begin ceasing uranium enrichment at the end of May. The Paducah plant is the only U.S.-owned and operated uranium enrichment facility in the United States. USEC [...]
USEC today reported a net loss of $2.0 million or 2 cents per basic and diluted share for the quarter ended March 31, 2013 compared to a net loss of $28.8 million or 24 cents per basic and diluted share for the first quarter of 2012. The financial results for the first quarter 2013 reflect a reduction in separative work unit (SWU) revenue and lower [...]
USEC Inc. (NYSE:USU) will broadcast its next quarterly conference call with shareholders and the financial community over the Internet on Tuesday, May 7, 2013, at 8:30 a.m. ET. The Company will release its first quarter 2013 earnings report, which ended March 31, 2013, af ...
USEC Inc. (NYSE:USU) has completed construction of its American Centrifuge commercial demonstration cascade. The 120-machine cascade is the centerpiece of a cooperative research, development and demonstration program (RD&D) with the U.S. Department of Energy (DOE). This p ...
$1.1 billion non-cash charge involving previously capitalized costs related to American Centrifuge project results in net loss of $1.2 billion for 2012Charge to expense does not affect DOE assets, RD&D program or future investment in American Centrifuge projectOperations generated revenue of $1.9 billion, gross profit of [...]
Research, development and demonstration program on schedule, on budgetDOE provides $44.4 million as next increment of fundingInstallation of plant support systems and AC100 machines for RD&D commercial cascade nears completionRD&D program employment exceeds 1100 with more than 300 workers added
USEC Inc. (NYSE:USU) will broadcast its next quarterly conference call with shareholders and the financial community over the Internet on Tuesday, March 19, 2013, at 8:30 a.m. ET. The Company will release its year-end earnings report for its fiscal 2012, which ended Decem ...
Leading supplier of spent nuclear fuel storage systems, transportation and consulting services to be purchased by U.S. subsidiary of Hitachi Zosen$45 million sale expected to close in Spring of 2013
The Uranium Industry looks to be on the upswing in 2013 as demand from major energy consumers China and Japan are expected to rise. The Global X Uranium ETF (URA) has rallied over 12 percent in the past month. The Paragon Report examines investing opportunities in the Uranium Industry and provides equity research on Uranium Resources and USEC
USEC and DOE amend cooperative agreement to add program funding through February 2013Commercial plant demonstration cascade construction enters next, high-activity phaseProgram within budget and on schedule
Before the Fukushima disaster, the demand for nuclear power was rapidly growing as China and India had plans to construct over 50 nuclear reactors over the next five years. After pausing those plans in 2011 the countries have just recently began moving forward with their nuclear expansion plans. Five Star Equities examines the outlook for companies [...]
$4.5 million net income on revenue of $570.5 million for third quarterCash flow provided by operations of $180.5 million; Cash balance of $303 millionRD&D program advances with additional funding; two technical milestones met
