Centrus to Conduct Hill Briefing on Restoring U.S. Uranium Enrichment

Rhea-AI Summary

Centrus Energy (LEU) is hosting a Capitol Hill briefing on September 24, 2024, to discuss restoring large-scale American uranium enrichment capabilities. The event, titled 'Rebuilding America's Uranium Enrichment Capacity: Why it Matters, and How to Get It Done,' will feature CEO Amir Vexler and supply chain leaders. They will outline plans to expand the American Centrifuge Plant in Piketon, Ohio, to meet U.S. commercial and national security needs. The initiative requires a public-private partnership with federal investment and private capital. The briefing aims to update policymakers, industry, and media on efforts to regain America's position in uranium enrichment, addressing the displacement by Russia and China in the global market.

Positive

• Potential expansion of American Centrifuge Plant to meet U.S. commercial and national security requirements
• Opportunity for public-private partnership combining federal investment with private capital
• Addressing the need to re-establish America's domestic uranium enrichment supply chain

Negative

• Current displacement of U.S. leadership in global uranium enrichment by Russia and China
• Dependency on significant federal investment and private capital for expansion plans

WASHINGTON, Sept. 19, 2024 /PRNewswire/ -- On Tuesday, September 24, Centrus Energy will host a special briefing on Capitol Hill to outline the path forward for restoring a large-scale, American-owned, American-technology uranium enrichment capability and the associated supply chain. 

The briefing will discuss how Russia, China and others have displaced the United States as the global leaders in uranium enrichment – and what it will take to re-establish America's domestic supply chain. 

Centrus President and CEO Amir Vexler, joined by leaders of other large and small businesses in Centrus' nationwide manufacturing supply chain, will discuss their plan to expand the American Centrifuge Plant in Piketon, Ohio, so it can meet the full range of U.S. commercial and national security requirements for enriched uranium. The potential expansion will require a public-private partnership combining robust federal investment with significant private capital and commercial offtake agreements. The briefing will update policymakers, industry, and the media on this effort and what's needed to make the expansion a reality.

Event Details:

What:	Briefing -- "Rebuilding America's Uranium Enrichment Capacity: Why it Matters, and How to Get It Done"
Where:	2075 Rayburn House Office Building Washington, DC
When:	Tuesday, September 24, 2024 11:00 a.m. to Noon
RVSP:	Encouraged but not required. Please RSVP to Lindsey Geisler at geislerler@centrusenergy.com

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SOURCE Centrus Energy Corp.

FAQ

When and where is Centrus Energy (LEU) hosting the Capitol Hill briefing on uranium enrichment?

Centrus Energy (LEU) is hosting the Capitol Hill briefing on Tuesday, September 24, 2024, from 11:00 a.m. to Noon in 2075 Rayburn House Office Building, Washington, DC.

What is the main focus of Centrus Energy's (LEU) Capitol Hill briefing on September 24, 2024?

The main focus is on restoring large-scale American uranium enrichment capabilities and discussing plans to expand the American Centrifuge Plant in Piketon, Ohio, to meet U.S. commercial and national security requirements.

Who will be speaking at Centrus Energy's (LEU) Capitol Hill briefing on uranium enrichment?

Centrus Energy (LEU) CEO Amir Vexler, along with leaders from the company's nationwide manufacturing supply chain, will be speaking at the Capitol Hill briefing.

What type of partnership is Centrus Energy (LEU) seeking for its uranium enrichment expansion plans?

Centrus Energy (LEU) is seeking a public-private partnership that combines robust federal investment with significant private capital and commercial offtake agreements for its uranium enrichment expansion plans.