Welcome to our dedicated page for Centrus Energy news (Ticker: LEU), a resource for investors and traders seeking the latest updates and insights on Centrus Energy stock.
Centrus Energy Corp. (LEU) generates frequent news flow tied to its role in the nuclear fuel supply chain, uranium enrichment capacity, and capital markets activity. As an American supplier of nuclear fuel and services, the company issues updates on its projects to expand low-enriched uranium (LEU) and high-assay, low-enriched uranium (HALEU) production, its contracts with the U.S. Department of Energy, and its relationships with domestic and international utility customers.
News about Centrus often focuses on developments at its American Centrifuge Plant in Piketon, Ohio, where it is pursuing a multi-billion-dollar expansion of uranium enrichment capacity. Articles and press releases cover milestones such as the launch of domestic centrifuge manufacturing, design work on new training and operations facilities, and federal task orders to support commercial-scale HALEU and LEU production. These updates frequently highlight expected job creation in Ohio and Tennessee and the broader impact on U.S. energy security.
Investors following LEU news will also see coverage of Centrus’ financial and corporate actions, including quarterly earnings results, convertible note offerings, and at-the-market equity programs. Regulatory and listing developments, such as the company’s transfer of its stock listing from NYSE American to the New York Stock Exchange, are another recurring theme.
In addition, Centrus issues news on international partnerships and market outreach, including agreements with Korea Hydro & Nuclear Power and POSCO International, participation in investor conferences, and updates on DOE waivers related to Russian LEU imports. This news page brings together these announcements so readers can track how Centrus’ projects, contracts, and financing activities evolve over time.
Centrus Energy Corp. (NYSE American: LEU) will host its quarterly conference call on March 11, 2022, at 8:30 a.m. ET. This call will discuss the fourth quarter and full year earnings report for 2021, which will be released after market close on March 10, 2022. The live webcast can be accessed at https://investors.centrusenergy.com/ and will remain archived until March 21, 2022. Centrus Energy is a key supplier of nuclear fuel, committed to providing reliable, clean energy solutions.
Centrus Energy Corp. (NYSE American: LEU) announced the redemption of all outstanding Series B Senior Preferred Stock as of December 15, 2021. This milestone follows a successful tender offer and consent solicitation conducted in November. According to CEO Daniel B. Poneman, this move strengthens the company's balance sheet for long-term success. Centrus continues to supply nuclear fuel and services, contributing to sustainable energy production by providing over 1,750 reactor years of fuel since 1998.
Centrus Energy Corp (NYSE-American: LEU) has successfully collaborated with Clean Core Thorium Energy and Texas A&M to fabricate the first sample pellets of a new nuclear fuel, ANEEL. This advanced fuel combines thorium with High-Assay, Low-Enriched Uranium (HALEU) and offers significant waste reduction capabilities—up to 80% less waste for CANDU reactors. With 48 CANDU reactors globally, this development could open new markets for Centrus. Plans for further testing at Idaho National Laboratory and commercial production by late 2024 underscore the potential for HALEU demand growth.
Centrus Energy Corp. (NYSE American: LEU) announced the final results of its tender offer to purchase all outstanding Series B Senior Preferred Stock at $1,145.20 per share, concluding on November 18, 2021. A total of 36,867 shares were tendered, representing 97.4% of the outstanding shares, amounting to an aggregate purchase price of $42.2 million. The company also received the required consent for the Series B Preferred Amendment. Payment for the shares was completed on November 23, 2021. Centrus will redeem any remaining Series B Preferred Shares.
Centrus Energy Corp. (NYSE American: LEU) announced preliminary results of its tender offer to acquire its Series B Senior Preferred Stock at $1,145.20 per share. A total of 36,867 shares were tendered, accounting for 97.4% of outstanding Series B shares as of September 30, 2021. The total expected expense for this acquisition is $42.2 million. With over 90% consent obtained for the Series B Preferred Amendment, Centrus plans to redeem remaining preferred shares post-offer. Payment for shares is expected around November 23, 2021.
Oklo Inc. and Centrus Energy Corp. have entered into a non-binding Letter of Intent to collaborate on establishing a High-Assay, Low-Enriched Uranium (HALEU) production facility. This initiative aims to meet the growing demand for advanced fuel materials for existing and next-generation fission power plants. Centrus is currently developing the first NRC-licensed HALEU production facility in Piketon, Ohio, expected to begin operations in 2022. This partnership signifies a vital step towards building a domestic supply chain for HALEU, essential for Oklo's upcoming advanced fission power plant deployments.
Centrus Energy Corp. (NYSE American: LEU) reported a net income of $42.1 million for Q3 2021, reversing a $7.0 million loss from Q3 2020. Revenue reached $91.3 million, with a $57.7 million increase year-over-year. Key factors include $43.5 million from pension cost settlements and a 126% increase in SWU sold, although uranium sales decreased by $10.5 million. The gross profit soared to $49.5 million from a loss of $0.8 million, with a cash balance of $171.0 million at quarter's end.
Centrus Energy Corp. (NYSE American: LEU) will host its quarterly conference call on November 11, 2021, at 8:30 a.m. ET, following the release of its third quarter earnings report for 2021 on November 10, 2021. The earnings report covers the period ending September 30, 2021. Investors can access the call via the Company's website, with a replay available until November 21, 2021. Centrus Energy supplies nuclear fuel and services, ensuring reliable energy for the nuclear power industry and advancing uranium enrichment technology.
On November 2, 2021, Centrus Energy Corp. (NYSE American: LEU) announced the completion of the preliminary design for X-energy's TRISO-X Fuel Fabrication Facility. This development is a significant step in the commercialization of high-assay low-enriched uranium (HALEU) for advanced reactors. Centrus will continue its work under a new contract backed by the DOE, aiming to finalize the detailed design of the facility. The TRISO-X facility aims to support the XE-100 power plant in Washington State by 2027, enhancing nuclear fuel technology and production capabilities.
Centrus Energy Corp. (NYSE American: LEU) has initiated a tender offer to purchase all its outstanding Series B Senior Preferred Stock at $1,145.20 per share, including any unpaid dividends. As of September 30, 2021, 37,847 shares were outstanding, with an aggregate liquidation preference of approximately $51.0 million. The tender offer will expire on November 18, 2021. Concurrently, the company is soliciting consents to amend the terms of the Series B Preferred Shares, which would allow for the cessation of dividend payments and permit redemption within 90 days. Stockholders must consent to the amendment for the changes to take effect.