UK stepping up efforts to break Russia’s uranium monopoly

"The UK announced that it will invest £196 million ($246 million) to build Western Europe’s first facility to produce high-assay, low-enriched uranium (HALEU) as it seeks to break Russia’s monopoly over the market.

The funding will be provided to Urenco, a British-Dutch-German consortium for production of HALEU, which is the fuel required by most advanced small modular reactors (SMRs)..... but currently this type of enriched uranium is only commercially produced by Russia’s Tenex, a subsidiary of state nuclear major Rosatom.
“The potential is wider than just the British domestic market,” Andrew Bowie, the minister for nuclear told reporters. “We have allies who are more exposed to Russia and they will be looking to maximize Urenco’s UK facility.” RT