Full-Time
Updated on 5/7/2026
Uranium extraction, conversion, and enrichment services
$75k - $120k/yr
Los Angeles, CA, USA
In Person
| , |
General Matter provides domestic uranium enrichment services to power plants and government entities, producing LEU and HALEU for nuclear reactors. It handles the full fuel cycle—from uranium extraction through conversion and enrichment—to deliver fuel that supports energy production and national energy security. The company differentiates itself with a focus on domestic production and a leadership team from nuclear, technology, and finance to improve reliability and urgency, reducing dependence on international sources. Its goal is to support the United States’ nuclear power capacity by supplying secure, affordable enriched uranium for reactors and aligned with national energy objectives.
Company Size
11-50
Company Stage
Early VC
Total Funding
$50M
Headquarters
California, Kentucky
Founded
2024
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Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Stock Options
Unlimited Paid Time Off
Health Savings Account/Flexible Spending Account
Professional Development Budget
Three companies awarded $2.7 billion in uranium enrichment orders, DOE says. The Department of Energy said Monday it was awarding $2.7 billion total in task orders to three companies with the goal of strengthening domestic uranium enrichment over the next ten years. American Centrifuge Operating, a Centrus company, and General Matter are both receiving $900 million to create a domestic high-assay low-enriched uranium (HALEU) enrichment capacity. Orano Federal Services is receiving $900 million to expand the U.S. domestic low-enriched uranium (LEU) capacity. DOE signed HALEU and LEU contracts with six total companies late in 2024. DOE's Monday press release said developing domestic production capacity for both will ensure an adequate fuel supply for the nation's 94 commercial reactors and future deployments of advanced nuclear reactors. The Donald Trump administration has issued a number of executive orders aimed at strengthening the domestic nuclear fuel cycle, including uranium enrichment and conversion as well as domestic uranium production. Secretary of Energy Chris Wright emphasized the importance of domestic uranium production in a hearing in June, mourning that there is "no American-owned enrichment based in the United States of America" today, and that he strives to build "commercial enrichment in the United States." The Joe Biden administration has also worked to increase American domestic uranium enrichment capabilities with a ban on Russian-imported uranium that will begin in 2028.
The US Department of Energy has awarded $2.7 billion to three companies to strengthen domestic uranium enrichment capabilities. General Matter, a nuclear startup backed by Peter Thiel, will receive $900 million, alongside equal amounts for American Centrifuge Operating and Orano Federal Services. The funding, distributed over 10 years through milestone-based task orders, aims to reduce dependence on Russian fuel supplies, which currently control 44% of global uranium enrichment capacity and provide 35% of US nuclear fuel imports. The awards will also support domestic production of high-assay low-enriched uranium for advanced reactors. The initiative addresses surging electricity demand from AI data centres, as tech giants including Microsoft, Google and Meta expand their infrastructure. The funding was allocated in a 2024 government bill during the Biden-Harris administration.
Just this month, California-based General Matter announced that it would construct an enrichment facility in Kentucky on the site of a former U.S. government enrichment plant, saying it "can produce at a lower cost the type of enriched uranium sought out by developers of advanced nuclear reactors."
Critical minerals startup General Matter announced ambitious plans this week to construct a $1.5 billion uranium enrichment facility at the Paducah Gaseous Diffusion Plant in McCracken County, Kentucky, as the Trump administration seeks to reduce reliance on rare earths from China.
General Matter, a California-based company, said Aug. 5 it will build a $1.5 billion facility in Paducah at the U.S. Department of Energy's former Gaseous Diffusion Plant.