The Department of Energy released an anticipated request for proposals on June 27 for low-enriched uranium enrichment. “Today’s action will help spur the safe and responsible build-out of uranium enrichment capacity in the United States, promote diversity in the market, and provide a reliable supply of commercial nuclear fuel to support the energy security and resilience of the American people and domestic industries, free from Russian influence,” the DOE declared.

Institutional investor BNF Capital has taken a 10.7 percent stake in Lightbridge Corporation, which is developing fuel for small modular reactors and existing light water reactors. BNF Capital is based in London, U.K. Lightbridge is located in Reston, Va.