Centrus to Expand Oak Ridge Centrifuge Manufacturing Plant to Facilitate Large-Scale Deployment
Rhea-AI Summary
Centrus (NYSE: LEU) will expand its Oak Ridge centrifuge manufacturing center, investing more than $560 million and creating nearly 430 new jobs in Anderson County to convert the site into a high-rate manufacturing plant. The expansion supports a larger Ohio enrichment plant and follows DOE funding for centrifuge production in Tennessee. The first centrifuges produced in Tennessee are expected to come online in Ohio in 2029. Tennessee's Nuclear Energy Fund has provided a total of $70 million to support related initiatives.
Positive
- Investment of more than $560 million in Oak Ridge manufacturing
- Creation of nearly 430 new jobs in Anderson County
- Only U.S. uranium centrifuge manufacturing facility expanded
- Awarded DOE funding to support centrifuge production
- Supports large-scale expansion of Centrus' Ohio enrichment plant
Negative
- First centrifuges expected online in 2029, indicating a multi-year lead time
News Market Reaction – LEU
On the day this news was published, LEU declined 2.04%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
LEU was down 0.52% while uranium peers were mixed: UUUU +9.24%, UEC +3.55%, DNN +3.16%, NXE 0%, and CCJ -2.29%. Moves did not align broadly across the group, suggesting a stock-specific backdrop rather than a uniform sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| 2026-01-06 | DOE expansion award | Positive | +3.8% | Award of $900M DOE task order to expand Ohio uranium enrichment facility. |
| 2025-12-19 | Commercial LEU launch | Positive | +14.0% | Start of domestic centrifuge manufacturing and commercial LEU enrichment in Ohio. |
| 2025-12-11 | New training facility | Positive | +3.2% | Plan for 150,000 sq ft training and maintenance facility supporting expansion. |
| 2025-12-01 | NYSE uplisting | Positive | -3.1% | Approval to transfer stock listing from NYSE American to NYSE main board. |
| 2025-11-06 | ATM equity program | Negative | -14.7% | Announcement of $1B at-the-market equity program under existing shelf registration. |
Recent company-specific expansion and financing news often aligned with price moves, except for some dilution and listing-related events showing negative or contrary reactions.
Over the past several months, Centrus reported multiple milestones tied to restoring large-scale U.S. uranium enrichment. On Nov 6, 2025, it launched a $1 billion at-the-market program, which coincided with a -14.72% move. Subsequent updates on NYSE uplisting, Ohio facility expansion, and training infrastructure generally saw positive reactions, including a 13.97% gain on Dec 19, 2025 when commercial LEU enrichment activities were announced. The Jan 6, 2026 award of a $900 million DOE task order also drew a favorable response, underscoring investor focus on growth contracts and capacity build-out.
Regulatory & Risk Context
An effective automatic shelf registration on Form S-3ASR filed on Nov 6, 2025 allows Centrus to issue common stock, preferred stock, debt securities, warrants, rights, and units using methods such as underwritten offerings and at-the-market sales. A 424B5 prospectus supplement on the same date supports an at-the-market equity program drawing on this shelf for flexible funding of working capital, capital expenditures, debt repayment, and potential acquisitions.
Market Pulse Summary
This announcement highlights a major Oak Ridge expansion, with more than $560 million in planned investment and nearly 430 new jobs to support advanced centrifuge production feeding the Ohio enrichment project targeted for 2029. It reinforces Centrus’s role in U.S. uranium enrichment and deepens ties to Tennessee’s $70 million Nuclear Energy Fund. In context of prior DOE awards, NYSE uplisting, and an active shelf plus ATM program, investors may track execution, capital deployment, and future contract wins as key metrics.
Key Terms
uranium enrichment medical
centrifuges technical
nuclear energy fund financial
AI-generated analysis. Not financial advice.
- Nuclear fuel supplier to create nearly 430 jobs and invest more than
$560 million Oak Ridge - Project supports large-scale restoration of domestic uranium enrichment capability
As part of the expansion, Centrus plans to create nearly 430 new jobs and invest more than
Today's announcement supports Centrus' recently announced plans for a major expansion of its
Centrus' Technology and Manufacturing Center in
Centrus is the eighth company to utilize funding from
QUOTES
"Companies nationwide recognize that
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"We are proud to be leading the effort to restore America's ability to enrich uranium at scale – using American technology, built by American workers right here in
"TVA is proud to support Centrus as they expand their operations in
"Centrus has been an outstanding corporate citizen, and its continued growth reflects both the long-term stability of
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"Centrus is a leader in advanced nuclear fuel technology, and the company's decision to invest and create jobs in
"I'm thrilled to hear that Centrus is expanding its operations here in
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.
About the Tennessee Department of Economic and Community Development (TNECD)
TNECD is the state's primary agency committed to fostering economic growth through job creation and community development. By attracting new corporate investment and facilitating the growth of existing businesses, the department works to strengthen
Media Contacts
Centrus
Media: Dan Leistikow
LeistikowD@centrusenergy.com
Investors: Neal Nagarajan
NagarajanNK@centrusenergy.com
TNECD
Chris O'Brien
Public Information Officer
(615) 934-5879
Chris.OBrien@tn.gov
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.
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SOURCE Centrus Energy Corp.
FAQ
What did Centrus (LEU) announce for its Oak Ridge facility on January 23, 2026?
How many jobs will Centrus (LEU) create in Oak Ridge and where?
When are the first centrifuges produced in Tennessee expected to be operational in Ohio for Centrus (LEU)?
How much state funding has supported Centrus-related nuclear initiatives in Tennessee?
Did Centrus (LEU) receive federal support for the expansion and production?
