Centrus Hits Major Milestone in Advanced Nuclear Fuel Production Program

Rhea-AI Filing Summary

Centrus Energy Corp (NYSE: LEU) has announced a significant milestone in its nuclear fuel production contract with the U.S. Department of Energy. The company's subsidiary, American Centrifuge Operating, has successfully completed Phase II of its contract by producing and delivering 900 kilograms of High-Assay, Low-Enriched Uranium (HALEU).

Key developments include:

• Total HALEU production has exceeded 920 kilograms to date under the DOE contract
• Company has now advanced to Phase III of the contract
• Achievement demonstrates Centrus's capability in producing advanced nuclear fuel

This development is particularly significant as HALEU is a crucial fuel for next-generation nuclear reactors. The successful completion of Phase II production targets positions Centrus as a key player in the domestic nuclear fuel supply chain.

Positive

• Successfully delivered 900 kilograms of HALEU to the Department of Energy, meeting Phase II production target
• Exceeded contract requirements with total HALEU production of over 920 kilograms
• Advanced to Phase III of the Department of Energy contract, indicating continued project progression

Negative

• None.

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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): June 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

Centrus Energy Corp. (“Centrus”) announced today that its wholly owned subsidiary, the American Centrifuge Operating, LLC, has produced and delivered to the U.S. Department of Energy (the “Department”) 900 kilograms of High-Assay, Low-Enriched Uranium (“HALEU”) under its contract with the Department. With the successful production and delivery of the 900 kilograms, Centrus has achieved the production target for Phase II of its contract. To date, Centrus has produced and delivered over 920 kilograms of HALEU under its contract with the Department and now proceeds to Phase III of the contract.

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

The information furnished pursuant to this Item 8.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.			Description
99.1			Press Release dated June 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:

June 25, 2025

By:

/s/ Kevin J. Harrill

Kevin J. Harrill

Senior Vice President, Chief Financial Officer,

and Treasurer

FAQ

How much HALEU did Centrus Energy (LEU) deliver to the Department of Energy in Phase II?

Centrus Energy's subsidiary, American Centrifuge Operating, LLC, successfully produced and delivered 900 kilograms of High-Assay, Low-Enriched Uranium (HALEU) to the Department of Energy, meeting the Phase II production target of their contract.

What is the total amount of HALEU produced by LEU under its DOE contract as of June 2025?

As of June 25, 2025, Centrus Energy (LEU) has produced and delivered over 920 kilograms of High-Assay, Low-Enriched Uranium (HALEU) under its contract with the Department of Energy.

What phase of the DOE contract is LEU moving to after June 2025?

After successfully completing Phase II production targets, Centrus Energy (LEU) is proceeding to Phase III of its contract with the Department of Energy.

When did LEU announce completion of Phase II HALEU production?

Centrus Energy (LEU) announced the completion of Phase II HALEU production on June 25, 2025, as disclosed in their 8-K filing with the SEC.

Who signed LEU's 8-K filing for the HALEU production announcement?

The 8-K filing was signed by Kevin J. Harrill, who serves as Senior Vice President, Chief Financial Officer, and Treasurer of Centrus Energy Corp.