Company: LEU
Filing Date: 2025-05-09
Form Type: 424B5
Source: 0001104659-25-046715
Chunk: 16

Company: CENTRUS ENERGY CORP
Filing Date: 2025-05-09
Form: 424B5
Chunk 16
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-5

USE OF PROCEEDS</div>

The amount of proceeds from this offering will
depend upon the number of shares of our Class A Common Stock sold and the market price at which they are sold. There can be no assurance
that we will be able to sell any shares under or fully utilize the Sales Agreement with the Agents as a source of financing.

We intend to use the net proceeds for general working capital and corporate purposes, which may include investment in technology development or deployment, repayment or repurchase of outstanding debt, capital expenditures, potential acquisitions and other business opportunities and purposes.

The precise amount, use and timing of the application
of such proceeds will depend upon our funding requirements and the availability and cost of other capital. Pending application of the
net proceeds as described above, we intend to invest the net proceeds of the offering in short-term, investment-grade, interest-bearing
securities and/or savings accounts.

<div align='center'>S-6

PLAN OF DISTRIBUTION</div>

We have entered into a Sales Agreement with
the Agents under which we may issue and sell our Class A Common Stock from time to time to or through the Agents
acting as sales agents or principals. Sales of shares of our Class A Common Stock, if any, under this prospectus supplement and
the accompanying prospectus may be made by any method that is deemed an “at the market offering” as defined in
Rule 415 promulgated under the Securities Act. We may instruct the Agents not to sell Class A Common Stock if the sales
cannot be effected at or above the price designated by us from time to time. We or any of the Agents may suspend the offering of
Class A Common Stock upon notice and subject to other conditions.

The Agents will offer our Class A Common
Stock subject to the terms and conditions of the Sales Agreement as agreed upon by us and the Agents. Each time we wish to issue and sell
Class A Common Stock under the Sales Agreement, we will notify an Agent of the number or dollar value of shares to be issued, the
time period during which such sales are requested to be made, any limitation on the number of shares that may be sold in one day, any
minimum price below which sales may not be made and other sales parameters as we deem appropriate. Once we have so instructed an Agent,
unless the Agent declines to accept the terms of the notice, the Agents have agreed to use their commercially reasonable efforts consistent
with their normal trading and sales practices to sell such shares up to the