Centrus Energy (NYSE: LEU) inks MOU on LEU plant expansion plans

Rhea-AI Filing Summary

Centrus Energy Corp. reported that it has signed a non-binding Memorandum of Understanding with Korea Hydro & Nuclear Power and POSCO International to explore potential investment in expanding its uranium enrichment plant in Piketon, Ohio. The parties also intend to explore additional cooperation, including possible extra supply agreements for low enriched uranium and high-assay, low-enriched uranium for next generation reactors.

The company and Korea Hydro & Nuclear Power separately agreed to a higher supply volume of low enriched uranium under an existing contract, but the full supply commitment, including the expanded volume, depends on Centrus receiving necessary federal funding to build new production capacity. The related press release is filed as an exhibit.

Insights

Nuclear fuel and capital projects analyst

Non-binding MOU outlines potential plant expansion and LEU supply growth, but depends on future federal funding.

Centrus Energy describes a non-binding MOU with Korea Hydro & Nuclear Power and POSCO International to explore investment in expanding its uranium enrichment plant in Piketon, Ohio. The MOU framework also covers potential additional supply agreements for low enriched uranium and high-assay, low-enriched uranium, which are important fuels for current and next generation reactors.

The filing notes that Centrus and Korea Hydro & Nuclear Power agreed to a higher low enriched uranium supply volume under an existing contract, yet makes clear that the full supply commitment, including the expanded volume, is contingent on federal funding for new production capacity. This means any growth in output or revenue tied to these understandings will rely on subsequent funding decisions and definitive agreements, which are not detailed here.

Future company disclosures about securing federal funding for new low enriched uranium capacity and converting this MOU into binding contracts will be key to understanding how much additional production and contracted volume may ultimately result from these discussions.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

_________________

Date of Report (Date of earliest event reported): August 25, 2025

Centrus Energy Corp.

(Exact name of registrant as specified in its charter)

Delaware			1-14287			52-2107911
(State or other jurisdiction of incorporation)			(Commission File Number)			(I.R.S. Employer Identification No.)

6901 Rockledge Drive, Suite 800

Bethesda, MD 20817

(Address of Principal Executive Offices)

Registrant's telephone number, including area code: (301) 564-3200

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class			Trading Symbol			Name of Each Exchange on Which Registered
Class A Common Stock, par value $0.10 per share			LEU			NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging Growth Company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 8.01 Other Events

On August 25, 2025, Centrus Energy Corp. (the “Company”) issued a press release announcing that it had signed a non-binding Memorandum of Understanding (“MOU”) with Korea Hydro & Nuclear Power (“KHNP”) and POSCO International to explore potential investment to support expansion of the Company’s uranium enrichment plant in Piketon, Ohio. The MOU also calls for the companies to explore additional opportunities for cooperation, such as additional supply agreements for low enriched uranium (“LEU”) and high-assay, low-enriched uranium for next generation reactors. The signing was attended by U.S. and Republic of Korea government officials.

The press release also noted that KHNP and the Company separately agreed to a higher supply volume of LEU under an existing supply contract. The entire supply commitment, including the expanded volume, is contingent upon the Company receiving the necessary federal funding to build new LEU production capacity.

A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.			Description
99.1			Press Release dated August 25, 2025
104			Cover Page Interactive Data File (embedded within the Inline XBRL Document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Centrus Energy Corp.

Date:

August 26, 2025

By:

/s/ Todd M. Tinelli

Todd M. Tinelli

Senior Vice President, Chief Financial Officer,

and Treasurer

FAQ

What did Centrus Energy Corp. (LEU) announce in this 8-K?

Centrus Energy Corp. reported that it signed a non-binding Memorandum of Understanding with Korea Hydro & Nuclear Power and POSCO International to explore potential investment in expanding its uranium enrichment plant in Piketon, Ohio and to explore additional cooperation on low enriched uranium and high-assay, low-enriched uranium supply.

Who are Centrus Energy's partners in the new uranium MOU?

The non-binding MOU involves Centrus Energy Corp., Korea Hydro & Nuclear Power, and POSCO International, with the signing attended by officials from the United States and the Republic of Korea.

Does the Centrus Energy MOU guarantee investment in the Piketon, Ohio plant?

No. The Memorandum of Understanding is described as non-binding and focuses on exploring potential investment and cooperation rather than setting out a binding commitment to invest.

How does the MOU affect Centrus Energy's low enriched uranium (LEU) supply contracts?

The press release notes that Korea Hydro & Nuclear Power and Centrus separately agreed to a higher supply volume of low enriched uranium under an existing contract, but the entire commitment, including the expanded volume, depends on Centrus receiving necessary federal funding to build new low enriched uranium production capacity.

What role does federal funding play in Centrus Energy’s LEU expansion plans?

The filing states that the entire low enriched uranium supply commitment, including the increased volume under the existing contract with Korea Hydro & Nuclear Power, is contingent on Centrus obtaining necessary federal funding to build new low enriched uranium production capacity.

Where can investors read the full details of Centrus Energy’s MOU announcement?

The company attached its press release dated August 25, 2025 as Exhibit 99.1, and it is incorporated by reference, providing additional detail on the non-binding MOU and related low enriched uranium supply arrangements.