CENTRUS ENERGY CORP (LEU) SEC Filings, Aug-Oct 2025

Bank of Nova Scotia filed a Schedule 13G showing beneficial ownership of 1,581,414 shares of Centrus Energy Corp Class A common stock, representing 8.7% of the class as of 09/30/2025. The filing identifies the reporter as a parent holding company organized in Canada and states sole voting and dispositive power over the reported shares.

The statement is filed under Schedule 13G classification and notes that the ownership is above the 5% threshold but that the shares are not held on behalf of another person. The filing includes a certification about comparable foreign regulatory oversight and is signed by a Bank of Nova Scotia officer on 10/06/2025.

Centrus Energy Corp. reported that it has announced plans to expand its uranium enrichment plant in Piketon, Ohio. The company explained that the size and scope of the project depend on federal funding decisions by the U.S. Department of Energy, which is running a competitive selection process to support domestic production of low enriched uranium and high-assay, low-enriched uranium.

The announcement stated that the expansion could lead to a multi-billion-dollar combination of private and public investment in Ohio. It could also create about 1,000 construction jobs and 300 new operations jobs at the Piketon site, while retaining 127 existing jobs.

Centrus Energy Corp. (LEU) filed a Form 144 reporting a proposed sale of 11,309 shares of common stock, with an aggregate market value of $2,351,097.94. The shares are listed as retained shares from employee vesting and the filing indicates the acquisition and intended sale date as 08/26/2025. The broker named for the transaction is Citigroup Global Markets and the securities are to be sold on NYSE American. The filing shows 17,488,642 shares outstanding, and reports no other sales in the prior three months. The notice includes the standard attestation that the seller is not aware of undisclosed material adverse information.

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.

Centrus Energy Corp. reports final terms of the previously announced departure of Senior Vice President, Chief Financial Officer and Treasurer Kevin J. Harrill and a separate board resignation. Harrill resigned effective August 10, 2025, but will remain employed through August 29, 2025 to help transition his duties while continuing to receive his current compensation.

Under a Waiver and Release Agreement effective August 21, 2025, Harrill will receive a cash payment of $608,344, a pro rata portion of his 2025 cash incentive award with a minimum of $159,120 subject to potential increase based on 2025 company performance, and health insurance premiums for one year. The company will accelerate 5,722 outstanding unvested performance-based restricted stock units if he remains employed through August 29, 2025 and provides satisfactory advisory services. The filing also notes that director Stephanie O’Sullivan resigned from the board on August 22, 2025 and that her departure is not due to any dispute or disagreement over the company’s operations, policies, or practices.

Centrus Energy Corp. reports that the U.S. Department of Energy has granted a waiver under the Prohibiting Russian Imports Act, allowing the company to import low enriched uranium from Russia for all currently committed deliveries to U.S. customers in 2026 and 2027.

This follows an earlier waiver that only covered 2024 and 2025 deliveries. The new decision reduces regulatory uncertainty around nuclear fuel supplies for those later years and supports Centrus Energy’s ability to fulfill its existing U.S. customer contracts that rely on Russian-origin low enriched uranium.

Centrus Energy disclosed key terms for convertible notes that let holders convert $1,000 principal increments into Class A common stock beginning May 15, 2032, at an initial conversion rate of 4.3551 shares per $1,000 (about a $229.62 conversion price per share). On conversion the company may settle up to the principal amount in cash and satisfy any excess in cash, stock, or a mix at its election.

Holders may require the company to repurchase notes for cash at 100% of principal plus accrued special interest following a defined fundamental change; certain make-whole events can increase the conversion rate up to a maximum of 5.3350 shares per $1,000. Notes are not redeemable before August 20, 2029; thereafter the company may redeem if the stock trades at least 130% of the then-effective conversion price for specified trading-day tests. The Indenture lists specified events of default and notice obligations for corporate events, conversions and certain transactions.

Centrus Energy Corp. announced the pricing of an offering of $700 million aggregate principal amount of 0% convertible senior notes due 2032 in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A. The company also granted the initial purchasers an option to purchase up to an additional $105 million of notes for settlement within a 13-day period beginning on the initial closing date. The notes are convertible into shares of the company’s Class A common stock.

The press release describing the transaction is attached as Exhibit 99.1. The filing states this report does not constitute an offer to sell or a solicitation to buy the notes or any shares of Class A common stock in any jurisdiction where such an offer would be unlawful.

Todd M. Tinelli, SVP, CFO & Treasurer of Centrus Energy Corp. (LEU), received equity awards tied to his hire and ongoing service. On 08/11/2025 he was issued 456 shares of Class A common stock that vested immediately as part of his first-day compensation, and 1,369 restricted stock units (RSUs) were granted that each represent one share and vest in three equal annual installments on August 11, 2026–2028. To satisfy tax withholding, 150 shares were surrendered at a reported per-share withholding value of $219.10, leaving 306 shares of Class A common stock beneficially owned directly following the transactions and 1,369 RSUs outstanding as contingent rights to shares. Vested RSUs will be delivered as soon as administratively practicable.