Company: LEU
Filing Date: 2025-05-09
Form Type: 424B5
Source: 0001104659-25-046715
Chunk: 29

Company: CENTRUS ENERGY CORP
Filing Date: 2025-05-09
Form: 424B5
Chunk 29
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. We do not undertake to update our forward-looking statements to reflect events or circumstances
that may arise after the date of this prospectus, except as required by law.

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Centrus Energy Corp.</div>

Centrus Energy Corp., a Delaware
corporation (“Centrus” or the “Company”), is a trusted supplier of nuclear fuel and services for the nuclear
power industry. References to “Centrus”, the “Company”, “our”, or “we” include Centrus
Energy Corp. and its wholly owned subsidiaries as well as the predecessor to Centrus, unless the context otherwise indicates.

Centrus operates two business
segments: (a) low-enriched uranium (“LEU”), which supplies various components of nuclear fuel to commercial customers
from our global network of suppliers, and (b) Technical Solutions, which provides advanced engineering, design, and manufacturing
services to government and private sector customers and is deploying uranium enrichment and other capabilities necessary for production
of advanced nuclear fuel to power existing and next-generation reactors around the world.

Our LEU segment provides
most of the Company’s revenue and involves the sale of enriched uranium, the fissile component of nuclear fuel to customers, which
are primarily utilities that operate commercial nuclear power plants. The majority of these sales are for the enrichment component of
LEU, which is measured in separative work units (“SWU”). Centrus also sells natural uranium (the raw material needed to produce
LEU) and occasionally sells LEU with the natural uranium, uranium conversion, and SWU components combined into one sale.

LEU is a critical component
in the production of nuclear fuel for reactors that produce electricity. We supply LEU and its components to both domestic and international
utilities for use in nuclear reactors worldwide. We provide LEU from multiple sources, including our inventory, medium and long-term
supply contracts, and spot purchases. As a long-term supplier of LEU to our customers, our objective is to provide value through the
reliability and diversity of our supply sources.

Our Technical Solutions segment
is dedicated to the restoration of America’s domestic uranium enrichment capability to play a critical role in meeting U.S. national
security and energy security requirements and advancing America’s nonproliferation, energy, and climate objectives. Our Technical
Solutions segment also is focused on repairing broken and vulnerable supply chains, providing clean energy jobs, and supporting the communities
in which we operate. Our goal is to deliver major components of the next