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) provides essential nuclear fuel solutions through American centrifuge technology, serving utilities and advanced reactor developers worldwide. This news hub offers investors and industry professionals direct access to verified updates about the company's operations, partnerships, and technological advancements.
Track all official announcements including quarterly earnings, contract awards with utility providers, Department of Energy collaborations, and progress in domestic uranium enrichment capabilities. Our curated feed ensures you never miss critical developments in LEU production, HALEU initiatives, or strategic public-private partnerships.
Discover updates categorized for easy navigation: financial performance disclosures, regulatory milestones, technology deployments, and supply chain developments. Each entry provides context about LEU's role in strengthening U.S. energy security through nuclear fuel innovation.
Bookmark this page for streamlined monitoring of Centrus Energy's progress in restoring America's uranium enrichment leadership. Check back regularly for unfiltered access to primary source materials and analysis-neutral reporting on company activities.
Centrus Energy held a briefing on Capitol Hill, advocating for the $3.4 billion federal investment in nuclear fuel production to prioritize American technology and workers. CEO Amir Vexler emphasized the importance of transitioning away from Russian nuclear fuel and restoring America's domestic supply chain for enriched uranium. The company, along with representatives from its nationwide supply chain, highlighted the potential of Centrus' American Centrifuge technology, manufactured in Oak Ridge, Tennessee, and operated in Piketon, Ohio.
Centrus is currently producing High-Assay, Low-Enriched Uranium (HALEU) under a Department of Energy contract and aims to expand its capacity for large-scale production of both HALEU and Low-Enriched Uranium (LEU). The company is competing for federal funding from the $3.4 billion allocation approved by Congress in the Inflation Reduction Act and the bipartisan government funding bill.
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.
Centrus Energy Corp. (NYSE American: LEU) and Korea Hydro & Nuclear Power (KHNP) have entered into a contingent supply commitment to support the construction of new uranium enrichment capacity at Centrus' American Centrifuge Plant in Ohio. The commitment covers a decade of Low-Enriched Uranium (LEU) deliveries for Korea's nuclear reactors. Centrus has secured $1.8 billion in total contingent sales commitments, including KHNP and other customers.
These commitments are contingent on definitive agreements and Centrus securing necessary public and private investment. The agreement aims to re-establish large-scale, U.S.-owned uranium enrichment capability. Centrus is competing for federal funding under U.S. Department of Energy proposals, with Congress providing over $3.4 billion for LEU and HALEU production.
Centrus Energy Corp. (NYSE American: LEU) has announced its participation in three upcoming investor conferences in New York City this September:
- On September 5, CFO Kevin Harrill will attend the Jefferies 2024 Industrials Conference
- On September 11, President and CEO Amir Vexler and CFO Kevin Harrill will be at the 26th Annual H.C. Wainwright Global Investment Conference
- On September 12, Vexler and Harrill will participate in the Lake Street 8th Annual Best Ideas Growth Conference
At each event, Centrus management will host one-on-one investor meetings. Interested parties should contact their respective conference representatives to request an invitation or schedule a meeting.
Centrus Energy (NYSE American: LEU) has announced two new additions to its Board of Directors. Stephanie O'Sullivan, with extensive experience in national security and the U.S. Intelligence Community, and Ray Rothrock, a venture investor with a background in nuclear engineering, have joined the board. These appointments are expected to bring valuable expertise in national security, clean energy technology deployment, and financing to Centrus.
The company's Chairman, Mikel Williams, emphasized the importance of these additions, highlighting O'Sullivan's understanding of Centrus' critical role in national security and Rothrock's experience in financing innovative clean energy technologies. Both new board members expressed their commitment to helping Centrus restore U.S. uranium enrichment capabilities, which they view as important for both energy security and national security.
Centrus Energy Corp. (NYSE American: LEU) reported strong Q2 2024 results, with net income of $30.6 million on $189.0 million in revenue, compared to $12.7 million on $98.4 million in Q2 2023. The company's consolidated cash balance stood at $227.0 million as of June 30, 2024. Centrus secured a DOE waiver under the Prohibiting Russian Imports Act for 2024 and 2025 U.S. customer deliveries. The company also completed a $234 million pension plan annuitization, resulting in a $16.6 million settlement gain. Centrus is actively competing for DOE funding to restore domestic uranium enrichment capability, with over $3.4 billion in appropriations available. The company's backlog is $2.7 billion as of June 30, 2024, extending to 2040.
Centrus Energy Corp. (NYSE American: LEU) has announced its upcoming quarterly conference call with shareholders and the financial community. The webcast is scheduled for Wednesday, August 7, 2024, at 8:30 a.m. ET. Centrus will release its second quarter earnings report for 2024 after market close on Tuesday, August 6. The call will be accessible through the company's website, www.centrusenergy.com, with a replay available until August 17, 2024.
Centrus Energy is a key supplier of nuclear fuel and services for the nuclear power industry. Since 1998, the company has provided over 1,750 reactor years of fuel, equivalent to 7 billion tons of coal. Centrus is also working on advancing centrifuge technologies to restore America's domestic uranium enrichment capabilities.
Centrus Energy Corp. (NYSE American: LEU) announced that its President and CEO, Amir Vexler, along with CFO, Kevin Harrill, will attend the Citi 2024 One-on-One Midstream & New Energy Infrastructure Conference. The event is scheduled for August 13-14, 2024, in Las Vegas, Nevada. The company will host one-on-one investor meetings during the conference. Investors interested in meeting with the management can request an invitation or schedule a meeting through their Citi representative.
Centrus Energy Corp. (NYSE American: LEU) announced that its President and CEO, Amir Vexler, along with CFO Kevin Harrill, will participate in the J.P. Morgan 2024 Energy, Power & Renewables Conference. The event is scheduled for June 18 in New York, NY. They will engage in a fireside chat at 2:20 PM ET and host one-on-one investor meetings throughout the day. A webcast of the chat will be available on Centrus' Investor Relations website.
Centrus Energy Corp. (NYSE American: LEU) announced its scheduled participation in the 24th B.Riley Securities Institutional Investor Conference on May 22, 2024, in Beverly Hills, California.
CEO Amir Vexler and CFO Kevin Harrill will represent the company, engaging in a fireside chat at 2:30 PM PT and hosting one-on-one investor meetings throughout the day.
Interested parties are encouraged to contact their B.Riley Securities representative to request invitations or schedule meetings.
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