Recent Updates — LEU
Centrus Energy Corp.'s subsidiary, American Centrifuge Operating, LLC, signed a $900 million firm fixed price contract with the U.S. Department of Energy to establish domestic commercial High-Assay, Low-Enriched Uranium (HALEU) enrichment capacity in Piketon, Ohio. The contract includes options for the Department of Energy to exercise first and first and second options for delivery of five MTU of HALEU UF6 at $17 million per MTU. Centrus Energy Corp. operates in the nuclear fuel cycle industry and provides enriched uranium products and services.
On June 18, 2026, Centrus Energy Corp. entered into the Seventh Amendment to its Section 382 Rights Agreement, which extends the Final Expiration Date from June 30, 2026, to June 30, 2029, and increases the purchase price for 1/1000th of a share of Series A Participating Cumulative Preferred Stock from $160.38 to $1,143.95 to protect net operating loss carry-forwards. Additionally, the company appointed Yanhong Dai as principal accounting officer effective June 18, 2026, with an annual base salary of $250,000 and a 40% target cash incentive. The company operates in the nuclear fuel industry, providing uranium enrichment services and related technologies.
Centrus Energy Corp. signed a non-binding letter of intent with Oklo, Inc. to supply high-assay, low-enriched uranium (HALEU) produced at its Piketon, Ohio, facility. HALEU deliveries are scheduled to begin in 2029 to fuel Oklo's planned 1.2 gigawatt power campus. Centrus Energy Corp. is a supplier of nuclear fuel and uranium services in the energy industry.