News And Updates

BETHESDA, Md. – Centrus Energy Corp. today reported net income of $5.1 million for the quarter ended March 31, 2021, compared to a net income of $11.3 million for the first quarter of 2020.

Centrus Energy Corp. will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Wednesday, May 12, 2021, at 8:30 a.m. ET.

BETHESDA, Md. - Centrus Energy Corp. (NYSE American: LEU) is providing an update on construction of the nation’s first production facility for High-Assay, Low-Enriched Uranium (HALEU) in Piketon, Ohio.  “Despite the impact of the pandemic and the extraordinary steps we have taken to protect our workforce – including limiting the number of people who can be on the construction site at any one time – we have kept construction on track and expect to begin producing HALEU by  next year,” said Centrus President and CEO Daniel B. Poneman.  “We believe this first-of-a-kind facility can play a critical role in meeting both government and commercial requirements for HALEU, powering America’s nuclear leadership as the world turns to a new generation of advanced reactors and advanced nuclear fuels.”

“Despite the unprecedented health crisis posed by COVID-19, with a large portion of our staff shifting to telework, Centrus has had a great year that saw us return to profitability, improve our balance sheet, and deliver value to stockholders with a higher share price,” said Daniel Poneman, Centrus President and Chief Executive Officer. “Our technical solutions team continues to make strong progress on the High-Assay, Low-Enriched Uranium (HALEU) program and we expect to begin demonstrating production of HALEU by early next year. Our sales team also secured over $100 million in new commitments from November through the end of January.”

Centrus Energy Corp. will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Friday, March 19, 2021, at 8:30 a.m. ET.

Christopher Hanson is a highly qualified, experienced, and widely respected regulator.  He is a great choice to lead the NRC at such an important time, as the agency continues to modernize  and as a new generation of advanced reactors with inherent safety features move through the licensing process. 

Centrus Energy Corp. announced the final results of its tender offer to purchase up to $60 million of its Series B Senior Preferred Stock.

Centrus Energy Corp. today announced the preliminary results of its tender offer to purchase up to $60 million of its Series B Senior Preferred Stock.

“This has been an exciting quarter for the company, with the launch of the Department of Energy’s Advanced Reactor Demonstration Program – which could jump-start commercial demand for HALEU – and our successful capital raise,” said Daniel B. Poneman, Centrus president and chief executive officer. “Construction of our HALEU demonstration plant is on schedule and on budget, and we are poised to be first to market with this promising new fuel when the demonstration is completed in 2022. We are continuing our efforts to improve our capital structure, having raised approximately $25 million and launched our tender offer to retire up to $60 million of the preferred.”