Centrus To Build New Training, Operations & Maintenance Hall in Ohio to Support Expansion Plans

Centrus Energy (NYSE: LEU) announced it has started design work for a 150,000 square foot Training, Operations & Maintenance Facility in Piketon, Ohio, to support planned expansion of uranium enrichment capacity.

Rhea-AI Summary

Centrus Energy (NYSE: LEU) announced it has started design work for a 150,000 square foot Training, Operations & Maintenance Facility in Piketon, Ohio, to support planned expansion of uranium enrichment capacity.

The project repurposes a largely vacant building at the American Centrifuge Plant, with construction expected to begin early 2026. The facility will include offices, training space, and maintenance bays and could accommodate up to 200 new employees.

Centrus is producing HALEU under a DOE contract and previously announced an expansion expected to create 1,000 construction jobs and 300 operations jobs; the size and scope depend on federal funding decisions and could become a multi‑billion‑dollar private and public investment.

Positive

• 150,000 sq ft facility adds significant site infrastructure
• Facility could accommodate 200 new employees
• Expansion forecast to create 1,000 construction and 300 operations jobs
• HALEU production ongoing under DOE contract supports advanced reactors

Negative

• Size and scope are contingent on federal funding decisions
• Large‑scale expansion remains unfinalized and dependent on DOE support

Argus Dec 12 session

-8.82% close to close Open Argus

Details

News Market Reaction – LEU

In the Dec 12 session, LEU declined 8.82%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -8.8% in the session following this news. A negative reaction despite infrastructure...

Analysis

The stock moved -8.8% in the session following this news. A negative reaction despite infrastructure expansion news would fit prior instances where constructive updates were followed by weak trading, such as the uplisting and Q3 earnings. While the 150,000 sq ft Piketon facility and potential 200 new employees support long-term growth, the existing automatic shelf and $1,000,000,000 ATM program highlight ongoing financing flexibility that could concern shareholders wary of additional issuance even as enrichment capacity scales.

Key Figures

Facility size: 150,000 square feet Potential new employees: 200 employees Construction jobs: 1,000 jobs +5 more

Facility size

150,000 square feet

New Training, Operations & Maintenance Facility in Piketon, Ohio

Potential new employees

200 employees

Capacity of new Piketon Training, Operations & Maintenance Facility

Construction jobs

1,000 jobs

Expected jobs from Piketon enrichment capacity expansion

Operations jobs

300 jobs

New operations roles at expanded Piketon site

ATM program size

$1,000,000,000

At-the-market equity offering announced Nov 6, 2025

Q3 2025 revenue

$74.9M

Quarter ended Sep 30, 2025

Q3 2025 net income

$3.9M

Compared with $5.0M net loss in Q3 2024

Backlog

$3.9B

Contract backlog extending to 2040 as of Q3 2025

Historical Context

5 past events · Latest: Dec 01

5 events

1. Dec 01

   Listing transfer

   24h Move

   -3.1%

   Uplisting approval from NYSE American to the New York Stock Exchange.

2. Nov 06

   ATM equity program

   24h Move

   -14.7%

   Announcement of up to $1B at-the-market equity offering program.

3. Nov 05

   Earnings release

   24h Move

   -0.5%

   Return to net income and higher revenue plus large convertible notes deal.

4. Oct 15

   Earnings call notice

   24h Move

   +10.1%

   Scheduling and webcast details for upcoming Q3 2025 earnings call.

5. Sep 25

   Expansion announcement

   24h Move

   +13.1%

   Multi‑billion‑dollar Piketon enrichment expansion and large job creation plan.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

training, operations & maintenance facility, american centrifuge plant, high-assay, low-enriched uranium (haleu), low-enriched uranium (leu)

4 terms

training, operations & maintenance facility technical

"design work on a 150,000 square foot Training, Operations & Maintenance Facility"

A training, operations & maintenance facility is a dedicated site where staff learn to use equipment, day-to-day activities are coordinated, and machinery or systems are serviced to keep them running. Think of it as a combined school, control room and garage that helps prevent breakdowns, improves efficiency and meets safety rules. For investors, such a facility signals ongoing spending that can reduce downtime, lower long-term costs, support revenue reliability and make a business more attractive for contracts or growth.

american centrifuge plant technical

"existing, largely vacant building on the site of the American Centrifuge Plant"

An American centrifuge plant is a facility in the United States that uses high-speed rotating machines (centrifuges) to separate different types of uranium atoms, producing enriched uranium used as fuel in nuclear power plants and naval reactors. Investors monitor these plants because they require large upfront investment, face strict regulation and long lead times, and can affect fuel supply, prices and geopolitical risk—like a specialized factory that shapes an industry’s raw material availability.

high-assay, low-enriched uranium (haleu) technical

"currently producing High-Assay, Low-Enriched Uranium (HALEU) – a next generation fuel"

High-assay, low-enriched uranium (HALEU) is a form of nuclear fuel that contains a higher concentration of the fissile isotope U-235 than conventional reactor fuel but remains well below weapons-grade levels. Investors care because HALEU is needed by many advanced and small modular reactors; think of it like higher-octane gasoline for new engines — limited supply, special handling, and regulatory oversight can affect project timelines, costs and the value of companies in the nuclear energy supply chain.

low-enriched uranium (leu) technical

"boosting Low-Enriched Uranium (LEU) and HALEU production"

Low-enriched uranium (LEU) is uranium whose concentration of the fissile isotope U-235 has been increased from its natural level to a modest level (commonly below 20%) so it can be used as fuel in most commercial nuclear reactors. Investors care because LEU is the primary fuel input for civilian nuclear power: its availability, price, and regulatory controls affect utility operating costs, reactor output and timelines, supply-chain risks, and the broader energy and defense-related market landscape — think of it as the 'regular fuel' that keeps nuclear plants running.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Signs Contract with Burns & McDonnell to Lead Design Effort

BETHESDA, Md., Dec. 11, 2025 /PRNewswire/ -- Centrus Energy (NYSE: LEU) announced today that it has initiated design work on a 150,000 square foot Training, Operations & Maintenance Facility in Piketon, Ohio – a critical piece of site infrastructure necessary to support the company's plans for a major expansion of its uranium enrichment capacity in Piketon.  The project involves a significant renovation and rehabilitation of an existing, largely vacant building on the site of the American Centrifuge Plant, with construction activities set to begin early next year.

"This is an important step forward which reflects our commitment to restoring America's ability to enrich uranium at a large scale – as quickly as possible," said Centrus President and CEO Amir Vexler.  "It will enable us to accommodate our growing workforce and support construction and operation of commercial scale uranium enrichment capacity in Piketon."

As a first step, Centrus has selected Burns & McDonnell to provide design and engineering services for the modernization effort. The facility is expected to include a mix of office space, training facilities, and maintenance bays to support plant operations.  It could ultimately accommodate as many as 200 new employees.

Under contract with the U.S. Department of Energy, Centrus is currently producing High-Assay, Low-Enriched Uranium (HALEU) – a next generation fuel needed to power advanced reactors.  In September, Centrus announced plans for a major expansion of its uranium enrichment capacity in Ohio.  This expansion is expected to create 1,000 construction jobs and 300 new operations jobs at the Piketon site while boosting Low-Enriched Uranium (LEU) and HALEU production. The size and scope of the expansion depend on federal funding decisions from the U.S. Department of Energy for LEU and HALEU, and a large-scale expansion would represent a multi-billion-dollar private and public investment into Ohio. 

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. 

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. 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.

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: geopolitical conflicts, including the war in Ukraine; market demand and competition; changes in economic or industry conditions; supply chain disruptions; the imposition of tariffs and/or sanctions that impact our ability to obtain, deliver, transport, or sell LEU or the SWU and natural uranium hexafluoride components of LEU delivered to us under the TENEX Supply Contract or other supply contracts or make related payments or deliveries of natural uranium hexafluoride to TENEX; regulatory approvals and compliance requirements; technological changes; DOE procurement decisions; U.S. government appropriations; government decisions regarding, our lease with the DOE in Piketon, Ohio, including with respect to the term and the scope of permitted activities; our ability to attract qualified employees necessary for the potential expansion of our operations in Oak Ridge, Tennessee or Piketon, Ohio; and our ability to execute our strategic initiatives.

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: 

Investors: Neal Nagarajan NagarajanNK@centrusenergy.com 
Media: Dan Leistikow LeistikowD@centrusenergy.com 

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SOURCE Centrus Energy Corp.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Centrus (LEU) announce on December 11, 2025 about Piketon?

Centrus began design work for a 150,000 sq ft Training, Operations & Maintenance Facility at Piketon to support planned enrichment expansion.

When will construction of Centrus's Piketon facility start and how many employees could it house?

Construction is expected to begin early 2026 and the facility could accommodate up to 200 employees.

How many jobs does Centrus say the broader Piketon expansion could create?

Centrus estimates the expansion could create 1,000 construction jobs and 300 operations jobs.

Is Centrus producing HALEU at Piketon and why does that matter for LEU (LEU) investors?

Yes; Centrus is producing HALEU under a DOE contract, which supports demand from advanced reactor programs and underpins expansion plans.

Who is leading the design effort for Centrus's Piketon facility (LEU)?

Centrus selected Burns & McDonnell to provide design and engineering services for the modernization effort.

What is the main risk to Centrus's Piketon expansion announced December 11, 2025?

The main risk is that the project’s size and scope depend on federal funding decisions from the U.S. Department of Energy.