News And Updates

“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.”

Centrus Energy will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Friday, November 13, 2020, at 8:30 a.m. ET.

Centrus Energy Corp. today announced that the Company is commencing today a tender offer to purchase up to $60 million of its Series B Senior Preferred Stock.

Terrestrial Energy USA and Centrus Energy Corp. have signed a memorandum of understanding to secure fuel supply for a future fleet of Integral Molten Salt Reactor (IMSR) power plants. The two companies will evaluate the logistical, regulatory, and transportation requirements to establish fuel supply for Integral Molten Salt Reactor (IMSR) power plants, which use standard-assay low-enriched uranium (LEU).

TerraPower announced today its plans to team with Centrus Energy Corp. to establish commercial-scale, domestic production capabilities for high-assay, low-enriched uranium (HALEU), which will be needed to fuel many next-generation reactor designs including the recently announced Natrium™ Power Storage System designed by TerraPower and GE Hitachi Nuclear Energy.