A-Bomb Recycler Seeks Bankruptcy Exit as Uranium Recovers

USEC Inc., a company that once turned scrapped Russian atomic warheads into fuel for nuclear reactors, won bankruptcy court approval of its recovery plan just as the market for uranium is set to climb out of its slump.

Founded in 1992 as a U.S. government-owned company, the uranium processor was later privatized and continued its work of converting Cold War arsenals to civilian purposes.