Centrus To Build New Training, Operations & Maintenance Hall in Ohio to Support Expansion Plans
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
Key Figures
Market Reality Check
Peers on Argus
LEU was roughly flat (-0.04%) while uranium peers like UEC, UUUU, CCJ, NXE, and DNN showed broad gains between 0.96% and 12.48%, suggesting today’s trading was more stock-specific than sector-driven.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 01 | Listing transfer | Positive | -3.1% | Uplisting approval from NYSE American to the New York Stock Exchange. |
| Nov 06 | ATM equity program | Negative | -14.7% | Announcement of up to $1B at-the-market equity offering program. |
| Nov 05 | Earnings release | Positive | -0.5% | Return to net income and higher revenue plus large convertible notes deal. |
| Oct 15 | Earnings call notice | Neutral | +10.1% | Scheduling and webcast details for upcoming Q3 2025 earnings call. |
| Sep 25 | Expansion announcement | Positive | +13.1% | Multi‑billion‑dollar Piketon enrichment expansion and large job creation plan. |
Positive strategic and earnings updates have sometimes seen muted or negative next-day reactions, while expansion/job-creation news has coincided with stronger gains.
Over the last few months, Centrus has combined capital markets activity with strategic expansion. On Nov 5, 2025, Q3 results showed $74.9M revenue and $3.9M net income, followed by a $1,000,000,000 ATM program on Nov 6, which coincided with a -14.72% move. A major Piketon expansion announcement on Sep 25 highlighted a multi‑billion‑dollar investment and job creation and was followed by a 13.11% gain. The current Ohio facility plan builds on that expansion narrative and infrastructure buildup in Piketon.
Regulatory & Risk Context
An effective automatic shelf registration on Form S-3ASR filed on Nov 6, 2025 allows Centrus to issue various securities, including equity and debt, via different methods such as underwritten offerings and Rule 415 at-the-market sales. One prospectus supplement (424B5) has already been used, indicating the company has an established framework to raise capital to fund working capital, capital expenditures, debt repayment, acquisitions, and other corporate purposes.
Market Pulse Summary
This announcement adds tangible detail to Centrus’s Piketon growth plan, introducing a 150,000 sq ft Training, Operations & Maintenance Facility that could house up to 200 employees and support larger HALEU and LEU output. It complements earlier plans for 1,000 construction and 300 operations jobs. Investors may monitor how DOE funding decisions progress, how quickly the facility comes online, and how capital needs intersect with the automatic shelf and existing ATM program.
AI-generated analysis. Not financial advice.
Signs Contract with Burns & McDonnell to Lead Design Effort
"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
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
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
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
View original content to download multimedia:https://www.prnewswire.com/news-releases/centrus-to-build-new-training-operations--maintenance-hall-in-ohio-to-support-expansion-plans-302639670.html
SOURCE Centrus Energy Corp.
FAQ
What did Centrus (LEU) announce on December 11, 2025 about Piketon?
When will construction of Centrus's Piketon facility start and how many employees could it house?
How many jobs does Centrus say the broader Piketon expansion could create?
Is Centrus producing HALEU at Piketon and why does that matter for LEU (LEU) investors?
Who is leading the design effort for Centrus's Piketon facility (LEU)?
What is the main risk to Centrus's Piketon expansion announced December 11, 2025?
