Centrus Energy (NYSE: LEU) starts U.S. centrifuge output to serve $2.3B LEU demand

Rhea-AI Filing Summary

Centrus Energy Corp. reported that it has begun domestic centrifuge manufacturing to support commercial low-enriched uranium (LEU) enrichment at its Piketon, Ohio facility. The company plans to use this capability as part of a multi-billion-dollar uranium enrichment expansion aimed at serving a growing backlog of $2.3 billion in contingent LEU sales under U.S. and international customer contracts. Centrus also stated it is targeting future commercial-scale production of high-assay, low-enriched uranium.

The initiative is expected to create about 1,000 construction jobs and 300 new operations jobs in Ohio, along with hundreds of new direct jobs at Centrus’ centrifuge manufacturing plant in Tennessee and thousands more indirect jobs in both states and across the country.

Positive

• Began domestic centrifuge manufacturing to support commercial LEU enrichment at the Piketon, Ohio facility, aligning production capacity with future enrichment activities.
• Backlog of $2.3 billion in contingent LEU sales under U.S. and international contracts provides visibility into potential future demand for enrichment services.
• Large workforce expansion with 1,000 construction jobs, 300 operations jobs in Ohio, and additional direct and indirect jobs in Tennessee and across the country, indicating a sizable build-out effort.
• Targeting future commercial-scale HALEU production signals an intention to participate in the emerging high-assay, low-enriched uranium market.

Negative

• None.

Insights

Nuclear fuel industry analyst

Centrus is scaling U.S. centrifuge manufacturing to serve a $2.3B LEU backlog.

Centrus Energy Corp. has started domestic centrifuge manufacturing to support commercial low-enriched uranium enrichment at its Piketon, Ohio facility. This step is tied to a planned multi-billion-dollar uranium enrichment expansion and is framed around fulfilling a backlog of $2.3 billion in contingent LEU sales to U.S. and international customers. The move also positions the company for future commercial-scale production of high-assay, low-enriched uranium.

The expansion has a significant employment component: the project is expected to add 1,000 construction jobs and 300 new operations jobs in Ohio, plus hundreds of new direct jobs at a Tennessee manufacturing plant and thousands of indirect jobs in both states and nationwide. For investors, the key linkage is between new manufacturing capacity, the large contingent sales backlog, and the stated intent to move into commercial-scale high-assay, low-enriched uranium once conditions allow.

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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): December 19, 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

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 December 19, 2025, Centrus Energy Corp. issued a press release announcing that it has begun domestic centrifuge manufacturing to support commercial Low-Enriched Uranium (LEU) enrichment activities at its Piketon, Ohio, facility. The announcement indicated that Centrus plans to leverage a multi-billion-dollar uranium enrichment expansion to meet its growing backlog of $2.3 billion in contingent LEU sales under U.S. and international customer contracts, and stated that Centrus is also targeting future commercial-scale production of High-Assay, Low-Enriched Uranium.

The project is expected to create 1,000 construction jobs and 300 new operations jobs in Ohio, hundreds of new direct jobs at Centrus’ centrifuge manufacturing plant in Tennessee, and thousands more indirect jobs in Ohio, Tennessee, and across the country.

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 December 19, 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:

December 19, 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. announced that it has begun domestic centrifuge manufacturing to support commercial low-enriched uranium (LEU) enrichment activities at its Piketon, Ohio facility.

How large is Centrus Energy Corp.’s LEU sales backlog mentioned in the filing?

The company reported a growing backlog of $2.3 billion in contingent LEU sales under U.S. and international customer contracts.

What are Centrus Energy Corp.’s plans for High-Assay, Low-Enriched Uranium (HALEU)?

Centrus stated that it is targeting future commercial-scale production of High-Assay, Low-Enriched Uranium, in addition to its commercial LEU activities.

What jobs impact does Centrus Energy Corp.’s expansion project have in Ohio and Tennessee?

The project is expected to create 1,000 construction jobs and 300 new operations jobs in Ohio, plus hundreds of new direct jobs at Centrus’ centrifuge manufacturing plant in Tennessee and thousands more indirect jobs across both states and the country.

Where will Centrus Energy Corp. conduct centrifuge manufacturing for this expansion?

Centrifuge manufacturing will be conducted at Centrus’ manufacturing plant in Tennessee to support enrichment activities at the Piketon, Ohio facility.

Does the 8-K include the full details of Centrus Energy Corp.’s announcement?

Key points are summarized, and the full details are provided in a press release dated December 19, 2025, attached as Exhibit 99.1.