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8-KOklo, Centrus Secure Fuel Supply for Aurora Powerhouse Deployment in Ohio Definitive purchase agreements include meaningful prepayments and advances Oklo’s planned 1.2 GW Ohio campus with Meta; fuel deliveries beginning in 2029. Secures fuel to power up to five Aurora powerhouses for multiple years, supporting initial Ohio deployments, future Aurora projects, and additional fuel for the Aurora-INL. PIKE COUNTY, Ohio--(BUSINESS WIRE)--Oklo Inc. (NYSE: OKLO) (“Oklo”), an advanced nuclear technology company, today announced it has signed multiple definitive, multi-year contracts with Centrus Energy Corp. (NYSE: LEU) (“Centrus”), a uranium enrichment and nuclear fuel services provider, for high-assay low-enriched uranium (HALEU). Under the agreements, Oklo will make prepayments for future HALEU deliveries to support construction of new U.S. uranium enrichment capacity with Centrus. The agreements formalize the June 2026 letter of intent between Oklo and Centrus and include enough HALEU to support up to five Aurora powerhouses for multiple years, with fuel deliveries from Centrus’ American Centrifuge Plant in Pike County, Ohio, scheduled to begin in 2029. The HALEU purchase is supported by Meta’s prepayment for future Oklo power production and secures fuel for the first phase of Oklo’s planned 1.2 GW power campus in Ohio. Meta’s previously announced agreement with Oklo linked prepayment for power with advancement of project development. With the funding, Oklo is able to advance fuel procurement with Centrus for the planned Ohio campus, which includes multiple Oklo Aurora powerhouses; expand Ohio’s clean energy workforce; and generate new local and state tax revenues through investment in energy infrastructure. The fuel supply marks a major step toward scaling Oklo’s power business beyond its first reactor. Building on Oklo’s allocation of recovered Experimental Breeder Reactor II (EBR-II) fuel for its first Aurora powerhouse in Idaho, the Centrus agreements secure HALEU for the first phase of the Ohio power campus, future Aurora deployments, and later refueling of the Aurora- INL. These agreements and its prepayments will further propel Centrus’ proven centrifuge manufacturing process that recently completed and began shipping its first new centrifuge as part of its domestic uranium enrichment expansion. Centrus has further de-risked its buildout by assembling a complete, unobligated supply chain to serve both the commercial and national security markets. Centrus has now secured $5.4 billion in customer contracts and commitments to purchase LEU and HALEU from the new capacity.“Securing fuel is essential to scaling our power business beyond our first reactor in Idaho,” said Oklo CEO and co-founder Jacob DeWitte. “These agreements support our initial Ohio deployments and provide fuel for future Aurora powerhouses. Meta’s support helps advance fuel procurement for the Ohio campus and our work to deliver new, clean, reliable power to the grid.” “These definitive agreements demonstrate that Centrus is ideally placed to meet and support the upcoming substantial commercial demand for HALEU,” said Amir Vexler, President and Chief Executive Officer of Centrus. “Oklo’s prepayments, which add to the others we have previously received, will help fund our build out as we scale Centrus’ proven American Centrifuge technology and qualified manufacturing processes for commercial production. Together, we are accelerating the restoration of America’s uranium enrichment leadership.” The agreements connect three Ohio-based efforts: Centrus’ enrichment expansion in Piketon, Oklo’s planned Aurora powerhouses, and Meta’s commitment to bring new electricity and jobs in support of its Ohio operations. With Meta’s committed demand for clean energy catalyzing both the power plant buildout and the domestic fuel purchase, the effort is expected to support thousands of direct and indirect jobs at full buildout and strengthen the fuel supply chain for advanced nuclear deployment across the United States. About Oklo Inc.: Oklo Inc. is developing fast fission power plants to deliver clean, reliable, affordable energy at global scale; establishing a domestic supply chain for critical isotopes; and advancing nuclear fuel recycling to convert used nuclear fuel into clean energy. Oklo was the first to receive a site use permit from the U.S. Department of Energy for a commercial advanced fission plant, was awarded fuel from Idaho National Laboratory, and submitted the first custom combined license application for an advanced reactor to the U.S. Nuclear Regulatory Commission. Oklo is also developing advanced fuel recycling technologies in collaboration with the U.S. Department of Energy and U.S. National Laboratories. About Centrus: Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal. With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low- Enriched Uranium and is leading the effort to restore America’s uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at www.centrusenergy.com or follow us on LinkedIn and X. FORWARD-LOOKING STATEMENTS OkloThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These include statements concerning Oklo’s business strategy; the development, licensing, construction, deployment and operation of its powerhouses and fuel fabrication, fuel recycling and radioisotope facilities; anticipated schedules, costs and milestones; commercial and strategic arrangements and their expected benefits; customer demand and market opportunities; and capital requirements and funding. Words such as “expects,” “plans,” “believes,” “targets,” “anticipates,” “may,” “will” and similar expressions identify forward-looking statements, although not all forward-looking statements contain these words. Forward-looking statements reflect current expectations and assumptions, are not guarantees of future performance, and are subject to risks and uncertainties that could cause actual results to differ materially. Important factors include our ability to complete first-of-a-kind design, testing, construction, commissioning and operations within anticipated costs and schedules; obtain and maintain Department of Energy, Nuclear Regulatory Commission, and other governmental approvals, including those needed to transition from demonstration to commercial operations; secure suitable sites and interconnection and transmission arrangements; obtain high-assay low-enriched uranium, plutonium and other fuels, uranium deconversion and fuel fabrication capacity, specialized components, qualified suppliers and construction services at acceptable costs and within anticipated timelines; satisfy contractual conditions and realize the expected benefits of commercial and strategic arrangements, including through counterparty performance; integrate acquired businesses and realize anticipated benefits; accurately estimate costs, schedules and market demand; obtain additional financing on acceptable terms; and navigate changes in laws, regulations and governmental policies. Additional information about these and other factors appears in Part I, Item 1A, “Risk Factors,” of our Annual Report on Form 10-K for the year ended December 31, 2025, and in Part I, Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and Part II, Item 1A, “Risk Factors,” of our Quarterly Report on Form 10-Q for the quarter ended September 30, 2026, as updated by subsequent SEC filings. Investors should not place undue reliance on forward-looking statements, which speak only as of the date made. We undertake no obligation to update or revise these statements, except as required by law. Centrus Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control and which may be exacerbated by any worsening of the global business and economic environment, which, for Centrus, include but are not limited to, risks and uncertainties related to the following: our ability to obtain a long-term extension of our existing lease for Piketon from the DOE on acceptable terms or at all; the war in Ukraine and other geopolitical conflicts; our reliance on third-party suppliers to provide essential products and services to us; our government contracts and the government’s inability to satisfy its obligations; our ability to obtain new contracts or funding to be able to continue operations; whether or when government demand for HALEU or LEU for government or commercial uses will materialize and at whatlevel; the impact and potential extended duration of a supply/demand imbalance in the market for LEU; significant competition from major LEU producers; our ability to successfully implement our planned expansion projects in Piketon, Ohio and Oak Ridge, Tennessee, including our ability to raise the capital necessary for such projects; and our ability to successfully integrate artificial intelligence technologies into our operations. For a more detailed discussion of these risks and others that could cause Centrus’ actual results to differ materially from those contained in our forward-looking statements, please see our Annual Report on Form 10-K for the year ended December 31, 2025, Part II, Item 1A, Risk Factors, of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, Part II, Item 1A. Risk Factors, of our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, and the Risk Factors in our Form S-3 Shelf Registration filed with the SEC on November 2, 2026. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results, and readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this Quarterly Report. The Company does not undertake any obligation to publicly release any revision to its forward-looking statements to reflect events or circumstances that may arise after the date of this Quarterly Report on Form 10-Q unless required by law. Media and Communications for Oklo: Bonita Chester, Head of Communications and Media at [email protected] Investor Contact for Oklo: Sam Doane, Senior Director of Investor Relations at [email protected] Media and Communications for Centrus: Dan Leistikow [email protected] Investor Contact for Centrus: Neal Nagarajan [email protected]12 Nov
8-KCentrus Energy Appoints Kevin Graney to Board of Directors November 10, 2026 Brings Nearly Three Decades of Experience in Nuclear Technology, Advanced Manufacturing and National Security Adds Another Seasoned Leader to Centrus' Board BETHESDA, Md., Nov. 10, 2026 /PRNewswire/ -- Centrus Energy (NYSE: LEU), a trusted supplier of nuclear fuel and services, today announced the appointment of Kevin Graney to its Board of Directors (the "Board"). "Mr. Graney has a proven track record of leading complex industrial operations and overseeing large-scale manufacturing programs, including nuclear shipbuilding," said Mikel Williams, Chairman of the Board. "His experience guiding production capacity expansions is enormously valuable as Centrus continues to build out its centrifuge manufacturing program following our historic first centrifuge announcement. We are honored to welcome Kevin to the Board and look forward to benefiting from his leadership and insights." "Throughout my career, I've seen firsthand the importance of maintaining the industrial capabilities that are critical to our nation's security," said Graney. "Centrus is playing an important role in strengthening America's domestic nuclear fuel supply chain at a pivotal time for the industry. I am excited to join the Board and work alongside the management team to expand U.S. uranium enrichment capacity and help meet our nation's growing energy and national security needs." About Kevin Graney Kevin Graney spent nearly 30 years at General Dynamics, serving in a variety of senior leadership roles. Most recently, he was President, Electric Boat from 2019 until his retirement in 2024. Under his leadership, he oversaw the expansion of the company's operations to support construction of the U.S. Navy's Columbia-class ballistic missile submarines and Virginia-class attack submarines. Prior to this, Mr. Graney served as President, National Steel and Shipbuilding Company (NASSCO) from 2017 to 2019, following more than a decade in engineering, program management and operational leadership roles. Mr. Graney began his career as a US Naval Officer, serving aboard submarines and as an instructor at the Nuclear Power Training Unit in Ballston Spa, New York. After leaving the Navy in 1992, he joined Bechtel Power Corporation, where he held engineering and roles supporting commercial nuclear power plants. He earned a Bachelor of Science degree in Marine Engineering with a concentration in Nuclear Engineering from the State University of New York Maritime College and was recognized as Distinguished Alumnus of the Year in 2023. In 2021, Mr. Graney received the Admiral Jerry Land Medal from the Society of Naval Architects and Marine Engineers (SNAME) for outstanding accomplishments in the marine field. About Centrus Energy Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet thegrowing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal. With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at www.centrusenergy.com or follow us on LinkedIn and X. Forward-Looking Statements This news release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "will", "should", "could", "would" or "may" and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions with respect to future events and operational, economic and financial performance. For Centrus Energy Corp., particular factors that involve uncertainty and could cause our actual future results to differ materially from those expressed in our forward-looking statements and which are, and may be, exacerbated by any worsening of the global business and economic environment include but are not limited to the following: the war in Ukraine and other geopolitical conflicts; our government contracts, including related to changes to the U.S. government's appropriated funding levels for HALEU and the government's inability to satisfy its obligations, and our lease to our facility in Piketon, Ohio; whether or when government demand for HALEU or LEU for government or commercial uses will materialize and at what level; the impact and potential extended duration of a supply/demand imbalance in the market for LEU; significant competition from major LEU producers, including foreign competitors, who may be less cost sensitive than we are; limitations on our ability to compete in foreign markets; pricing trends and demand in the uranium and enrichment markets, especially in light of the potential of limited supply and our dependence on others for deliveries of LEU; and our ability to successfully implement our planned expansion projects in Piketon, Ohio and Oak Ridge, Tennessee. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this news release and in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2025, under Part II, Item 1A – "Risk Factors" in our Quarterly report on Form 10-Q for the quarter ended March 31, 2026, under Part II, Item 1A – "Risk Factors" in our Quarterly report on Form 10-Q for the quarter ended June 30, 2026, and our filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law. Contacts Media: Dan Leistikow, Vice President, Corporate Communications [email protected] Investors: Neal Nagarajan, Senior Vice President and Head of Investor Relations [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/centrus-energy-appoints-kevin-graney- to-board-of-directors-302935615.html SOURCE Centrus Energy Corp.10 Nov
10-QQ3ended 30 Sept 20265 Nov
8-KResults of Operations and Financial Condition4 Nov
S-3ASRAutomatic shelf registration statement (S-3)2 Nov
8-KCentrus Begins Shipping Centrifuges to Ohio to Support Major Expansion of Uranium Enrichment Capacity October 29, 2026 Milestone connects Tennessee manufacturing with Ohio uranium enrichment expansion to rebuild America's nuclear fuel supply chain Achievement marks the assembly of a complete, unobligated supply chain to serve both the commercial and national security markets OAK RIDGE, Tenn., Oct. 29, 2026 /PRNewswire/ -- Centrus Energy's (NYSE: LEU) Oak Ridge manufacturing plant has completed and is shipping the first new centrifuge today as part of the company's multibillion-dollar expansion of its uranium enrichment capacity. This milestone marks the next phase of the project where completed centrifuges manufactured in Tennessee will be shipped to Ohio for final assembly, with the manufacturing rate growing over time. It also reflects that Centrus has now secured a complete and complex manufacturing supply chain. Both milestones were achieved ahead of Centrus' previously-announced year-end target. "Completing the first new centrifuge for our expansion and standing up a one-of-a-kind supply chain are significant moments for our team and this country," said Amir Vexler, President and Chief Executive Officer of Centrus. "Building this unique manufacturing capability at scale takes specialized expertise, time, precision and sustained commitment. These milestones demonstrate our ability to translate our investment into tangible progress and position us to re-establish this country's rightful position in the global enrichment market." Centrus' technology is fully licensed, proven and de-risked, with more than four million machine-hours of successful operation. Its existing centrifuge cascade in Ohio includes components manufactured in 2019, as well as components the company manufactured in prior years, and has been reliably producing High-Assay, Low-Enriched Uranium (HALEU) since late 2023. In December 2025, Centrus restarted centrifuge manufacturing activities in Oak Ridge to support a major expansion of its uranium enrichment capacity in Ohio. In January 2026, the company announced a $560 million investment to expand and modernize its Oak Ridge Technology and Manufacturing Center, transitioning it to a high-rate manufacturing plant capable of supporting production of thousands of advanced centrifuges. More recently, Centrus has been manufacturing thousands of individual centrifuge components while steadily expanding manufacturing capacity and throughput. Concurrently, it has contracted a network of domestic suppliers and ordered tens of thousands of parts from American manufacturers to secure an unobligated supply chain that can service both commercial and national security demand. Earlier this month, Centrus completed its strategic acquisition of Westerman Holdings, a key supplier of centrifuge casings and other major components, as the company expands and further secures its supply chain. The new centrifuges produced in Tennessee will be grouped into cascades, with the first new capacity expected to come online inOhio in 2029 as previously announced. This is part of the company's multibillion-dollar expansion of uranium enrichment capacity. This expansion includes large-scale production of LEU for the existing reactor fleet for baseload electricity, HALEU for next generation reactors, and enrichment for national security needs. Centrus' Oak Ridge facility is the only advanced centrifuge manufacturing plant in the United States with a proven and de-risked technology. All other centrifuge technologies in commercial operation today are manufactured exclusively overseas. Centrus relies on an exclusively domestic supply chain, which allows its centrifuges to produce enriched uranium for both commercial and national security applications. Today's shipment marks a tangible step in connecting this American-made centrifuge technology with re-established and expanded domestic uranium enrichment capacity. About Centrus Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the company has provided its utility customers with more than 1,850 reactor-years of fuel, equivalent to more than 7 billion tons of coal. With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at www.centrusenergy.com or follow us on LinkedIn and X. QUOTES "The first shipment of centrifuge components from Centrus's expanded Oak Ridge facility marks an important milestone in strengthening America's nuclear fuel supply chain. Tennessee has the legacy, expertise, and skilled workforce to lead, and we are proud to support Centrus as it creates new opportunity for Tennesseans and advances American energy security." – Governor Bill Lee "The centrifuges being manufactured here in Oak Ridge will help build the nuclear energy infrastructure America will need for decades to come. That's precisely what makes [this milestone] so important… we're turning decades of investment and expertise into American manufacturing, American energy, and American opportunity." – Senator Bill Hagerty "As a proud representative of Oak Ridge and Anderson County, I am thrilled to see Centrus Energy making real progress in expanding American uranium enrichment right here in East Tennessee. Shipping the first set of centrifuge components from Oak Ridge is a major milestone—not just for our community, but for the nation's energy security. This investment brings hundreds of good-paying jobs and affirms our region's leadership in advanced nuclear technology. As America seeks to lead the world in developing a new fleet of advanced civil nuclear reactors, our domestic conversion, enrichment, and reprocessing capabilities must follow suit. Building a robust nuclear fuel supply chain is imperative to our energy security, and it's great to see that Centrus has proven themselves to be an instrumental player in these efforts. I congratulate Centrus and all the hardworking Tennesseans who are building the future of American energy." – Congressman Chuck Fleischmann "Tennessee is leading the way in America's nuclear energy renaissance. Centrus's investment in Oak Ridge strengthens our state's economy, creates good-paying jobs and helps restore America's nuclear fuel independence. This milestone shows Tennessee will continue to lead in the technologies that power our economy and protect our national security." – Lieutenant Governor Randy McNally "Today's shipment is a significant milestone for Centrus, Tennessee and the nation—and a powerful example of what can happen when state support, private investment and national priorities align. The completed set of centrifuge components manufactured in Oak Ridge and shipped to Ohio demonstrates Tennessee's role in rebuilding America's domestic uranium enrichment capability. With support from Tennessee's Nuclear Energy Fund, Centrus is creating high-quality jobs and strengthening the advanced manufacturing capacity our country needs for energy security and national security. We are proud to support Centrus' continued growth in East Tennessee and grateful for its investment in Tennessee's nuclear future." – Stuart C. McWhorter, Deputy Governor and TNECD Commissioner "I want to thank Centrus on their intentional effort to follow through on their pledge, to invest in the Oak Ridge Corridor and bring hundreds of jobs to our community!" – State Representative Rick Scarbrough "I can't say enough good about Centrus and this incredible milestone toward rebuilding America's domestic nuclear fuel supply chain. Centrus is a national leader in the nuclear renaissance, but here at home, the excellent jobs they continue to provide mean something even more personal: families can stay together, and the next generation doesn't have to leave to build a future. I am so very thankful that because of the work Centrus is doing, mothers and fathers can watch their children build careers, put down roots and start families of their own right here at home." – Mayor Terry Frank, Anderson County "Oak Ridge continues to lead the nation's Nuclear Renaissance. With more than $560 million in planned investment and nearly 430 new jobs, Centrus is strengthening our local economy while building on our City's legacy as a center of nuclear innovation.We congratulate Centrus on its expansion and thank Centrus for their continuing confidence in Oak Ridge. Playing a pivotal role in advancing the nation's nuclear mission for generations, Oak Ridge is proud to carry that legacy forward and help lead this next chapter." – Mayor Warren Gooch, City of Oak Ridge "Centrus Energy's milestone represents a meaningful advancement in strengthening the nation's nuclear fuel supply chain. TVA supports efforts that enhance America's energy security and reinforce Tennessee's enduring leadership in the nuclear energy landscape." – Matt Rasmussen, Chief Nuclear Officer, Tennessee Valley Authority Forward-Looking Statements: This news release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "will", "should", "could", "would" or "may" and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions with respect to future events and operational, economic and financial performance. For Centrus Energy Corp., particular factors that involve uncertainty and could cause our actual future results to differ materially from those expressed in our forward-looking statements and which are, and may be, exacerbated by any worsening of the global business and economic environment include but are not limited to the following: the war in Ukraine and other geopolitical conflicts; our government contracts, including changes to the U.S. government's appropriated funding levels for HALEU, the government's inability to satisfy its obligations, and our lease to our facility in Piketon, Ohio; whether or when demand for HALEU or LEU for government or commercial uses will materialize and at what level; the impact and potential extended duration of a supply/demand imbalance in the market for LEU; significant competition from major LEU producers, including foreign competitors, who may be less cost sensitive than we are; pricing trends and demand in the uranium and enrichment markets, especially in light of the potential of limited supply and our dependence on others for deliveries of LEU; and our ability to successfully implement our planned expansion projects in Piketon, Ohio, and Oak Ridge, Tennessee. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this news release and in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2025, under Part II, Item 1A – "Risk Factors" in our Quarterly report on Form 10-Q for the quarter ended March 31, 2026, under Part II, Item 1A – "Risk Factors" in our Quarterly report on Form 10-Q for the quarter ended June 30, 2026, and our filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law. Contacts: Media — Dan Leistikow [email protected] Investors — Neal Nagarajan [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/centrus-begins-shipping-centrifuges- to-ohio-to-support-major-expansion-of-uranium-enrichment-capacity-302923570.html SOURCE Centrus Energy Corp.29 Oct
8-KCentrus Acquires Westerman Holdings, LLC, Bringing a Key Supplier In-House and Diversifying Its Manufacturing Capacity October 19, 2026 Secures a key centrifuge component supplier and best-in-class manufacturer with an existing and growing business Diversifies revenue base by expanding Centrus' addressable market with significant adjacent, non-nuclear manufacturing work Drives continued growth for both organizations through commercial and operational synergies and cost savings BETHESDA, Md., Oct. 19, 2026 /PRNewswire/ -- Centrus Energy Corp. (NYSE: LEU) ("Centrus"), a trusted supplier of nuclear fuel and services, today announced that it has acquired Westerman Holdings, LLC ("Westerman"), one of Centrus' largest and most diversified suppliers, for approximately $116 million, funded through a combination of approximately $95 million cash on hand and $21 million of equity. The transaction is expected to be accretive to adjusted earnings per share in the first year following closing. The acquisition represents a significant milestone for Centrus as it builds supply chain resilience while diversifying its revenue base. Westerman's expertise strengthens and de-risks Centrus' supply chain by securing and bringing in-house its critical manufacturing capabilities. The acquisition simultaneously broadens Centrus' manufacturing platform, customer base, and future revenue opportunities through commercial and operational synergies. The addition of Westerman supports Centrus' previously announced multi-billion-dollar expansion of uranium enrichment capacity. Westerman is an existing manufacturer for centrifuge casings and other major centrifuge components for Centrus. With the acquisition, Centrus intends to secure this key supplier while expanding Westerman's capabilities. Westerman currently services a number of non-nuclear customers across a variety of industries including oil and gas as well as other high-growth industrial sectors, diversifying Centrus' revenue base beyond its core nuclear business. The acquisition is expected to result in lower project costs for Centrus and greater efficiencies with an integrated supply chain. "Westerman is a highly regarded, best-in-class supplier and fabricator for Centrus, the broader nuclear industry, and a number of other sectors," said Amir Vexler, President and CEO of Centrus. "Bringing Westerman in-house demonstrates our commitment to securing our supply chain to support our build-out while adding to our capabilities and expanding our customer base. We are committed to growing and expanding Westerman alongside our enrichment business, and are confident that this transaction will unlock significant value for our shareholders." "Westerman has spent more than a century building advanced, differentiated manufacturing capabilities," said Jacob Garrett, CEO of Westerman, who will now transition to President of Westerman and also become a Vice President of Centrus Energy. "Joining with Centrus will allow us to accelerate that trajectory. Together, we can expand our production, deepen our nuclear manufacturing portfolio, and create new opportunities for our employees, our customers, and our communities. We are excited for the future wewill build together." Centrus acquired all of Westerman's business lines and Westerman has become a subsidiary within Centrus. Westerman will continue to operate under the Westerman name, leveraging its brand identity and customer relationships. Founded in 1909, Westerman is an established, high-quality industrial fabrication manufacturer with specialized capabilities serving the nuclear, oil and gas, and broader high-growth industrial markets. With approximately 400 employees and four world-class facilities in Ohio, Oklahoma, and Wyoming, Westerman provides a broad portfolio of products that span upstream and midstream oil and gas production equipment, engineered industrial systems, and nuclear‑grade products including UF6 cylinders. Barclays served as financial advisor to Centrus and Wachtell, Lipton, Rosen & Katz served as legal counsel to Centrus for this transaction. About Centrus Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal. With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at www.centrusenergy.com or follow us on LinkedIn and X. About Westerman Westerman is a large equipment fabricator, focused on continuous improvements in design, engineering, and manufacturing. Our broad portfolio of equipment supports production, dehydration, stabilization, filtration, and custody transfer metering, setting new standards for performance and economics nationwide. We proudly serve other diverse end markets such as Nuclear, Marine, and Industrial. Forward-Looking Statements This news release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "will", "should", "could", "would" or "may" and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions with respect to future events and operational, economic and financial performance. For Centrus Energy Corp., particular factors that involve uncertainty and could cause our actual future results to differ materially from those expressed in our forward-looking statements and which are, and may be, exacerbated by any worsening of the global business and economic environment include but are not limited to the following: the war in Ukraine and other geopolitical conflicts; our government contracts, including related to changes to the U.S. government's appropriated funding levels for HALEU and the government's inability to satisfy its obligations, and our lease to our facility in Piketon, Ohio; whether or when government demand for HALEU or LEU for government or commercial uses will materialize and at what level; the impact and potential extended duration of a supply/demand imbalance in the market for LEU; significant competition from major LEU producers, including foreign competitors, who may be less cost sensitive than we are; limitations on our ability to compete in foreign markets; pricing trends and demand in the uranium and enrichment markets, especially in light of the potential of limited supply and our dependence on others for deliveries of LEU; and our ability to successfully implement our planned expansion projects in Piketon, Ohio and Oak Ridge, Tennessee. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this news release and in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2025, under Part II, Item 1A – "Risk Factors" in our Quarterly report on Form 10-Q for the quarter ended March 31, 2026, under Part II, Item 1A – "Risk Factors" in our Quarterly report on Form 10-Q for the quarter ended June 30, 2026, and our filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law. Contacts:Centrus (Media) — Dan Leistikow [email protected] Centrus (Investors) — Neal Nagarajan [email protected] Westerman — Nolan Lamar [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/centrus-acquires-westerman-holdings- llc-bringing-a-key-supplier-in-house-and-diversifying-its-manufacturing-capacity-302912534.html SOURCE Centrus Energy Corp.19 Oct
8-KCentrus and Antares Sign Multi-Year HALEU Supply Contract September 17, 2026 Production will be "unobligated" that can support national security missions Adds another HALEU customer to Centrus' backlog and includes prepayments to advance domestic enrichment capacity buildout BETHESDA, Md. and TORRANCE, Calif., Sept. 17, 2026 /PRNewswire/ -- Centrus Energy (NYSE: LEU) and Antares Nuclear today announced the signing of a definitive multi-year contract for Centrus to supply Antares with High-Assay Low-Enriched Uranium (HALEU), with deliveries commencing before the end of the decade. It ensures a reliable, domestic source of HALEU to support Antares advanced reactor projects, including for space and national security missions. The new contract includes prepayments from Antares to support the expanded HALEU capacity. "This contract is another sign that demand for HALEU is real and it is accelerating, and Centrus is in prime position to meet this need," said Amir Vexler, President and CEO of Centrus. "Binding orders from Antares and others are supporting our expansion to commercial-scale production – an expansion that is now well underway. We look forward to supporting Antares' continued growth and success." "Fuel supply is one of the practical questions every advanced reactor developer has to answer," said Jordan Bramble, CEO and Co-Founder of Antares. "This contract gives Antares a reliable, U.S.-origin source of HALEU for the reactors we're deploying for a wide variety of defense and space customers." Antares is developing compact microreactors for critical missions on Earth and in space. The company was recently selected for the U.S. Army's Janus Program at Fort Bragg, North Carolina; the Air Force's Advanced Nuclear Power for Installations program at Joint Base San Antonio, Texas; and a Space Force Strategic Breakthrough award to demonstrate a space reactor. Centrus is pioneering U.S. HALEU production at its American Centrifuge Plant in Piketon, Ohio, the only licensed HALEU production facility in the western world. Last year, Centrus launched a multi-billion-dollar expansion including large-scale production of HALEU as well as Low-Enriched Uranium (LEU). The agreement reflects the unique role that both companies can play in meeting U.S. national security requirements. Because Centrus's enrichment technology and manufacturing supply chain are U.S.-origin, the arrangement can provide Antares with fuel that could be used for a variety of national security applications. Centrus' AC100 centrifuge design is the only deployment-ready enrichment technology capable of "unobligated" enrichment, meaning that it can be used for U.S. national security missions. About Centrus Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal. With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at www.centrusenergy.com or follow us on LinkedIn and X. About Antares Antares is a nuclear fission energy company developing compact microreactors for defense and space applications, delivering safe, reliable power where traditional energy sources cannot. Founded in 2023 and backed by over $600 million in funding, Antares achieved initial criticality of its Mark-0 microreactor in 2026 under the DOE Reactor Pilot Program, and is on track to produce electricity from an advanced reactor in 2027, with initial production deployments to U.S. military installations beginning in 2028. Antares operates facilities in Torrance, California; Idaho Falls, Idaho; and Aiken, South Carolina. Forward Looking Statements This news release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "will", "should", "could", "would" or "may" and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions with respect to future events and operational, economic and financial performance. For Centrus Energy Corp., particular factors that involve uncertainty and could cause our actual future results to differ materially from those expressed in our forward-looking statements and which are, and may be, exacerbated by any worsening of the global business and economic environment include but are not limited to the following: the war in Ukraine and other geopolitical conflicts; our government contracts, including related to changes to the U.S. government's appropriated funding levels for HALEU and the government's inability to satisfy its obligations, and our lease to our facility in Piketon, Ohio; whether or when government demand for HALEU or LEU for government or commercial uses will materialize and at what level; the impact and potential extended duration of a supply/demand imbalance in the market for LEU; significant competition from major LEU producers, including foreign competitors, who may be less cost sensitive than we are; limitations on our ability to compete in foreign markets; pricing trends and demand in the uranium and enrichment markets, especially in light of the potential of limited supply and our dependence on others for deliveries of LEU; and our ability to successfully implement our planned expansion projects in Piketon, Ohio and Oak Ridge, Tennessee. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this news release and in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2025, under Part II, Item 1A – "Risk Factors" in our Quarterly report on Form 10-Q for the quarter ended March 31, 2026, under Part II, Item 1A – "Risk Factors" in our Quarterly report on Form 10-Q for the quarter ended June 30, 2026, and our filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law. Contacts: Centrus (Media) — Dan Leistikow [email protected] Centrus (Investors) — Neal Nagarajan [email protected] Antares -- Kayla Haas [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/centrus-and-antares-sign-multi- year-haleu-supply-contract-302881954.html SOURCE Centrus Energy Corp.17 Sep
8-KEntry into a Material Definitive Agreement11 Sep
424B5Prospectus filing (Rule 424(b)(5))10 Sep
FWPFree writing prospectus10 Sep
424B5Prospectus filing (Rule 424(b)(5))9 Sep
8-KCentrus and Radiant Announce Long-Term Partnership for Domestic HALEU to Supply Kaleidos Microreactors September 9, 2026 Agreement adds another domestic, U.S.-origin source of HALEU to support commercial and national security deployments of Radiant's Kaleidos microreactors Adds another HALEU customer to Centrus' backlog and includes prepayments to Centrus that advance its build-out of domestic enrichment capacity BETHESDA, Md., Sept. 8, 2026 /PRNewswire/ -- Centrus Energy Corp. [NYSE: LEU] ("Centrus"), a trusted supplier of nuclear fuel and services, and Radiant, a leading developer of transportable plug-in ready nuclear microreactors, today announced a definitive multi-year contract to supply high-assay, low-enriched uranium (HALEU) fuel needed to deploy multiple Kaleidos microreactors. Under the agreement, Centrus will begin delivering HALEU before the end of the decade, adding another domestic source of fuel to support commercial scale-up of Radiant's Kaleidos fleet. The contract further strengthens Centrus' position as a leading fuel supplier for next generation nuclear technologies while expanding its role in the emerging microreactor market. The agreement includes Radiant prepayments to Centrus to support its domestic commercial enrichment capacity program. For Radiant, the contract adds another domestic source of HALEU as the company moves from its first Kaleidos test toward commercial and national security deployments, reinforcing the fuel supply it continues to build in parallel with the reactor itself. "The contract with Radiant marks another important step in building the domestic fuel supply chain needed to support the next generation of nuclear energy," said Amir Vexler, President and Chief Executive Officer of Centrus. "By expanding our work to include innovative microreactor developers like Radiant, we are strengthening the U.S.-based fuel supply network. This will help ensure that emerging nuclear technologies have access to the reliable fuel they need to reach commercialization and meet growing demand for clean, secure, and dependable energy." "You can't deploy nuclear reactors without fuel, so we have approached our fuel supply the same way we have approached the reactor: build it in parallel, and don't depend on any single path," said Dr. Rita Baranwal, Chief Nuclear Officer of Radiant. "This agreement gives Kaleidos a continued source of HALEU for commercial and national security applications and removes one of the biggest constraints facing advanced nuclear deployment. We're securing the fuel supply chain alongside the reactor so that when Kaleidos is ready to deploy at scale, the infrastructure behind it is ready too." Because Centrus' technology is U.S.-origin and relies upon a U.S. manufacturing supply chain, the enrichment that Centrus provides to Radiant will be "unobligated" – meaning that it can be used for national security applications. Centrus' AC100 centrifuge design is the only deployment-ready U.S.-origin technology available for unobligated enrichment today. Radiant is developing transportable microreactors designed to provide reliable power for remote locations, data centers, defense applications,and/or other commercial and industrial uses, representing a broad potential market for Centrus' domestic HALEU supply. About Centrus Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal. With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at www.centrusenergy.com or follow us on LinkedIn and X. About Radiant Radiant is a leading developer of advanced nuclear technologies focused on delivering reliable, resilient, and scalable energy solutions that are transportable by land, sea and air. Radiant is committed to enabling a new generation of nuclear applications for commercial, industrial, and defense customers. Forward-Looking Statements This news release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "will", "should", "could", "would" or "may" and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions with respect to future events and operational, economic and financial performance. For Centrus Energy Corp., particular factors that involve uncertainty and could cause our actual future results to differ materially from those expressed in our forward-looking statements and which are, and may be, exacerbated by any worsening of the global business and economic environment include but are not limited to the following: the war in Ukraine and other geopolitical conflicts; our government contracts, including related to changes to the U.S. government's appropriated funding levels for HALEU and the government's inability to satisfy its obligations, and our lease to our facility in Piketon, Ohio; whether or when government demand for HALEU or LEU for government or commercial uses will materialize and at what level; the impact and potential extended duration of a supply/demand imbalance in the market for LEU; significant competition from major LEU producers, including foreign competitors, who may be less cost sensitive than we are; limitations on our ability to compete in foreign markets; pricing trends and demand in the uranium and enrichment markets, especially in light of the potential of limited supply and our dependence on others for deliveries of LEU; and our ability to successfully implement our planned expansion projects in Piketon, Ohio and Oak Ridge, Tennessee. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this news release and in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2025, under Part II, Item 1A - "Risk Factors" in our Quarterly report on Form 10-Q for the quarter ended March 31, 2026, under Part II, Item 1A - "Risk Factors" in our Quarterly report on Form 10-Q for the quarter ended June 30, 2026, and our filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law. Contacts: Centrus (Media) -- Dan Leistikow [email protected] Centrus (Investors) -- Neal Nagarajan [email protected] Radiant -- [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/centrus-and-radiant-announce- long-term-partnership-for-domestic-haleu-to-supply-kaleidos-microreactors-302873669.html SOURCE Centrus Energy Corp.9 Sep
8-KDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers18 Aug
8-KCentrus Energy Signs LEU and HALEU Supply Agreement with X-energy August 6, 2026 Advances Commercialization for Domestic LEU and HALEU Enrichment Contract includes X-energy prepayments to Centrus Planned project to bring clean energy investment and jobs to Eastern Tennessee BETHESDA, Md., Aug. 6, 2026 /PRNewswire/ -- Centrus Energy Corp. (NYSE: LEU) ("Centrus"), a trusted supplier of nuclear fuel, services and technology, today announced a signed definitive contract for Centrus to provide X-energy with enrichment services for Low-Enriched Uranium ("LEU") and High-Assay, Low-Enriched Uranium ("HALEU") with quantities that are expected to support X-energy's initial Xe-100 small modular reactors and TRISO-X fuel deployments. Under the contract, X-energy will provide prepayments to Centrus to support its domestic commercial enrichment capacity program. In support of the supply commitments under the contract, Centrus will produce LEU and HALEU from its American Centrifuge Plant in Pike County, Ohio. This agreement builds on Centrus' existing $3 billion contingent LEU and HALEU backlog, of which $2.4 billion is definitized. The contract is another important step in strengthening the U.S. nuclear fuel supply chain required to support the growing demand for LEU and HALEU. Including prepayments in HALEU offtake agreements continues Centrus' strategy of obtaining de-risked funding to strengthen its capital stack that includes the recent signing of its $900 million HALEU enrichment award with the Department of Energy. The company's build out of domestic commercial LEU and HALEU enrichment capacity is targeting the constrained global enriched uranium market. Centrus' build out is creating meaningful American jobs across the United States. The announcement builds on the commercial momentum behind advanced nuclear deployment and reflects increasing demand from large energy users for reliable, carbon-free power. X-energy has previously announced commercial relationships with companies including Dow Inc., Amazon, and Centrica to support the deployment of advanced nuclear energy, underscoring the growing market opportunity for advanced small modular reactor projects. "This is another significant agreement that validates Centrus as the go-to, de-risked supplier of HALEU to the global market," said Amir Vexler, President and Chief Executive Officer of Centrus. "Our work in Piketon and Oak Ridge is strengthening a U.S.-based nuclear fuel supply chain and is removing enrichment as a point of concern for the advanced reactor community. Agreements like these provide important non-dilutive, non-debt capital to support our build out and serves to advance commercial LEU and HALEU capacity expansion." About Centrus: Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers withmore than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal. With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at www.centrusenergy.com or follow us on LinkedIn and X. Forward-Looking Statements This news release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "will", "should", "could", "would" or "may" and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions with respect to future events and operational, economic and financial performance. For Centrus Energy Corp., particular factors that involve uncertainty and could cause our actual future results to differ materially from those expressed in our forward-looking statements and which are, and may be, exacerbated by any worsening of the global business and economic environment include but are not limited to the following: our ability to conclude negotiations with our customers; the war in Ukraine and other geopolitical conflicts; our government contracts, including related to changes to the U.S. government's appropriated funding levels for HALEU and the government's inability to satisfy its obligations, our lease to our facility in Piketon, Ohio; whether or when government demand for HALEU or LEU for government or commercial uses will materialize and at what level; the impact and potential extended duration of a supply/demand imbalance in the market for LEU; significant competition from major LEU producers, including foreign competitors, who may be less cost sensitive than we are; limitations on our ability to compete in foreign markets; pricing trends and demand in the uranium and enrichment markets, especially in light of the potential of limited supply and our dependence on others for deliveries of LEU; and our ability to successfully implement our planned expansion projects in Piketon, Ohio and Oak Ridge, Tennessee. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this news release and in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2025, under Part II, Item 1A - "Risk Factors" in our Quarterly report on Form 10-Q for the quarter ended March 31, 2026, under Part II, Item 1A - "Risk Factors" in our Quarterly report on Form 10-Q for the quarter ended June 30, 2026, and our filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law. Centrus: Investors and Media Contract for Centrus: Neal Nagarajan, [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/centrus-energy-signs-leu-and-haleu- supply-agreement-with-x-energy-302844906.html SOURCE Centrus Energy Corp.6 Aug
10-QQ2ended 30 Jun 20266 Aug
8-KResults of Operations and Financial Condition5 Aug
8-KCentrus Signs Contract with Department of Energy for $900 Million Award; Intends to Transition HALEU Production Cascade to Commercial Operation July 1, 2026 Total Enrichment Contract Valued at over $1 Billion, Including All Options Completes Production of Additional 900 Kilograms of HALEU UF6 Ahead of Schedule Prior Contract Extended for Three Months Ahead of Transition BETHESDA, Md., July 1, 2026 /PRNewswire/ -- Centrus Energy (NYSE: LEU) today announced that it has signed a contract to finalize the terms of the competitively-awarded, $900 million task order it received from the U.S. Department of Energy earlier this year. The award will support deployment of large-scale production capacity for High-Assay, Low-Enriched Uranium (HALEU) as part of Centrus' multi-billion-dollar capacity expansion that will include Low-Enriched Uranium (LEU) as well as HALEU. "Today's announcement marks another milestone in our expansion, as we pivot from a technology demonstration contract to the new, larger contract aimed at commercial scale production," said Centrus President and CEO Amir Vexler. "The government's investment from this contract will be matched several times over with billions of dollars in capital, including other non-dilutive, non-debt funding as well as customer contracts to restore America's ability to enrich uranium at a large scale." Transitioning from Demonstration to Commercialization Centrus won a contract in 2019 to build a cascade of advanced centrifuges in Piketon to demonstrate HALEU production with U.S. technology. That demonstration contract was modified and extended in 2022 to allow for a longer period of HALEU production, and was previously extended through June 30, 2026. While Centrus and the Department have signed a three-month, $15 million extension for HALEU storage, Centrus has now completed all HALEU production called for under the existing demonstration contract. Production of the final 900 kilograms of HALEU UF6 required under that contract was completed in mid-June, two weeks ahead of schedule, with a cumulative total of more than 1,900 kilograms produced over the life of the contract. With its large-scale expansion underway, Centrus is transitioning from the old demonstration contract to commercialization with the newer, larger enrichment contract. The first new capacity is expected to come online by 2029. In the interim, Centrus intends to privately operate the existing HALEU cascade on a commercial basis to begin supplying the near-term needs of its customers. Centrus is working with the Department on agreements to enable that transition, including a long-term lease extension for the American Centrifuge Plant in Piketon, Ohio. The new, fixed-price HALEU Enrichment contract calls for Centrus to deploy commercial-scale HALEU production capacity in Piketon. It also includes options, at the Department's discretion, for up to $170 million in HALEU purchases for Departmental missions, the total contract value with all options included is $1.07 billion. Modular Enrichment Capacity Build-Out As previously disclosed, Centrus' modular enrichment capacity build out will based on customer demand and capital resources. The initial build-out will include 12 metric tons of annual HALEU production capacity as well as capacity to meet Centrus existing LEU backlog of $2.4 billion. Subject to customer demand, Centrus can continue expanding production of HALEU and LEU to meet market requirements. Importantly, Centrus' expects the initial build-out to allow it to achieve nth-of-a-kind centrifuge manufacturing costs. Centrus' multi-billion-dollar expansion project is expected to support thousands of American jobs, including: 1,000 construction jobs and 300 new operating jobs in Ohio, while retaining 150 existing jobs at the Piketon plant. 430 jobs at Centrus' centrifuge manufacturing plant in Oak Ridge, Tennessee, and hundreds of additional jobs across Centrus' nationwide network of suppliers.Thousands of indirect jobs in Ohio, Tennessee and across the country. The expansion is underpinned by public and private funding along with commercial contracts, a framework that includes: national security missions, third party investments such as prepayment, direct foreign investment, LEU and HALEU commercial contracts, and Centrus' strong capital position. About Centrus Energy Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal. With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at www.centrusenergy.com or follow us on LinkedIn and X. Forward-Looking Statements: This press release includes "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, which in this context means statements that express Centrus' opinions, expectations, objectives, beliefs, plans, intentions, strategies, assumptions, forecasts or projections regarding future events or future results and therefore are, or may be deemed to be, "forward-looking statements." The words "may," "will," "could," "should," "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "continue," "might," "possible," "potential," "predict," "project," "goal," "would," "commit," or, in each case, their negative or other variations or comparable terminology, and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning, among other things, results of operations, financial condition, liquidity, prospects, growth, strategies and the markets in which Centrus operates. Such forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks, and uncertainties. Particular factors that involve uncertainty and could cause our actual future results to differ materially from those expressed in our forward-looking statements and which are, and may be, exacerbated by any worsening of the global business and economic environment include but are not limited to the following: our ability to conclude negotiations with our customers, including the Department as it pertains to the potential agreements discussed herein; the war in Ukraine and other geopolitical conflicts; our government contracts, including related to changes to the U.S. government's appropriated funding levels for HALEU; the government's inability to satisfy its obligations, and our lease to our facility in Piketon, Ohio; whether or when government demand for HALEU or LEU for government or commercial uses will materialize and at what level; the impact and potential extended duration of a supply/demand imbalance in the market for LEU; significant competition from major LEU producers, including foreign competitors, who may be less cost sensitive then we are; limitations on our ability to compete in foreign markets; pricing trends and demand in the uranium and enrichment markets, especially in light of the potential of limited supply and our dependence on others for deliveries of LEU; and our ability to successfully implement our planned expansion projects in Piketon, Ohio and Oak Ridge, Tennessee. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this news release and in our filings with the SEC, including our most recent Annual Report on Form 10-K, under Part II, Item 1A – "Risk Factors" in our subsequent Quarterly Reports on Form 10-Q, and in our other filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law. Contacts: Media -- Dan Leistikow [email protected] Investors -- Neal Nagarajan [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/centrus-signs-contract- with-department-of-energy-for-900-million-award-intends-to-transition-haleu-production-cascade-to-commercial-operation-302816385.html SOURCE Centrus Energy Corp.2 Jul
8-A12B/ARegistration of securities (Section 12(b), amendment)18 Jun
8-KCentrus Energy Corp. Announces Extension of Section 382 Rights Agreement June 18, 2026 BETHESDA, Md., June 18, 2026 /PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) (the "Company") announced today that after obtaining the approval of stockholders at its 2026 annual meeting, held on June 18, 2026, it had entered into the seventh amendment to the Company's Section 382 Rights Agreement (the "Rights Plan") designed to preserve the Company's substantial tax assets associated with net operating loss carryforwards ("NOLs") under Section 382 of the Internal Revenue Code ("Section 382"). The seventh amendment extends the Rights Plan through June 30, 2029. The Rights Plan is similar to plans adopted by other public companies with significant NOLs. Pursuant to U.S. federal income tax rules, the Company's use of certain tax assets could be substantially limited if the Company experiences an "ownership change" (as defined in Section 382). In general, an ownership change occurs if the ownership of the Company's stock by "5 percent stockholders" increases by more than 50 percent over the lowest percentage owned by such stockholders at any time during the prior three years on a rolling basis. For additional details regarding the amendment to the Rights Plan, please see the Company's forthcoming Current Report on Form 8-K and amendment to Registration Statement on Form 8-A to be filed with the Securities and Exchange Commission. About Centrus Energy Corp. Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal. With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at www.centrusenergy.com or follow us on LinkedIn and X. Contacts: Media -- Dan Leistikow [email protected] Investors -- Neal Nagarajan [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/centrus-energy-corp-announces- extension-of-section-382-rights-agreement-302804888.html SOURCE Centrus Energy Corp.18 Jun

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