Company: LEU
Filing Date: 2025-05-09
Form Type: 424B5
Source: 0001104659-25-046715
Chunk: 0

Company: CENTRUS ENERGY CORP
Filing Date: 2025-05-09
Form: 424B5
Chunk 0
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Filed Pursuant to Rule 424(b)(5)
Registration No. 333-272984

PROSPECTUS SUPPLEMENT
(to the Prospectus dated July 10, 2023)

<div align='center'>Up to $200,000,000

Centrus Energy Corp.

Class A Common Stock</div>

This prospectus supplement is being filed to replace,
update, amend and supplement the prospectus supplement, dated February 9, 2024 (the “Prior Prospectus Supplement”), filed
with the Securities and Exchange Commission (the “SEC”) on February 9, 2024, and the prospectus, dated July 10,
2023, relating to the offer and sale of our Class A Common Stock, $0.10 par value per share (the “Class A Common Stock”),
from time to time through or to B. Riley Securities, Inc. (“B. Riley”), Lake Street Capital Markets, LLC (“Lake
Street”) and Roth Capital Partners, LLC (“Roth” and, together with B. Riley and Lake Street, the “Agents”;
each, an “Agent”) pursuant to the terms of the At Market Issuance Sales Agreement, dated as of February 9, 2024 (the
“Sales Agreement”).

This prospectus supplement replaces, updates,
amends and supplements the Prior Prospectus Supplement by increasing the aggregate offering price of Class A Common Stock that may
offered and sold pursuant to the Sales Agreement to $200,000,000. As of the date of this prospectus supplement, we have sold shares of
our Class A Common Stock having an aggregate offering price of $82,881,274 pursuant to the Sales Agreement and the Prior Prospectus
Supplement. As a result, we may offer and sell up to an additional $117,118,726 aggregate offering price of Class A Common Stock
pursuant to the Sales Agreement and this prospectus supplement.

Our Class A Common Stock is traded on the
NYSE American LLC (the “NYSE”) under the symbol “LEU.” The last reported sale price of our Class A Common
Stock on May 8, 2025 was $88.46 per share.

Sales of our Class A Common Stock, if any,
under this prospectus supplement will be made by any method permitted that is deemed an “at the market offering” as defined
in Rule 415 under the Securities Act of 1933, as amended (the “Securities Act”). The Agents are not