Company: LEU
Filing Date: 2025-11-06
Form Type: 424B5
Source: 0001104659-25-107429
Chunk: 5

Company: CENTRUS ENERGY CORP
Filing Date: 2025-11-06
Form: 424B5
Chunk 5
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 (including by its owner or the Russian government), to limit, pause or stop transactions 
 with us or with the United States or other countries or (iv) TENEX is unable to secure               
 specific export licenses from the Russian authorities as required by the Russian Decree for          
 each shipment or secure them in a timely manner to ship Russian LEU to the United States,            
 or such export licenses, once secured, are subsequently rescinded prior to shipment;                 |

| · | risks                                                                                            
 related to laws, sanctions or other government measures that prohibit or restrict doing business 
 with TENEX; and                                                                                  |

| · | risks                                                                                    
 related to disputes with third parties, including contractual counterparties, that could 
 result if we do not receive timely deliveries of LEU under the TENEX Supply Contract and 
 are unable to rely on contractual protections.                                           |

<div align='center'>S-iv</div>

Risks related to economic and industry factors primarily
include:

| · | risks                                                                                               
 related to our dependence on others, such as TENEX, under the TENEX Supply Contract, Orano,         
 under the Orano Supply Agreement, and other suppliers (including, but not limited to, transporters, 
 fabricators or converters) who provide, or deliver, to us the goods and services we need            
 to conduct our business and any resulting negative impact on our liquidity;                         |

| · | risks                                                                                            
 related to our ability to sell, transport or deliver the LEU we procure pursuant to our purchase 
 obligations under our supply agreements and the impacts of sanctions or limitations on imports   
 of such LEU, including those imposed under the 1992 Russian Suspension Agreement, international  
 trade legislation and other international trade restrictions including but not limited to        
 the Import Ban Act and Russian Decree;                                                           |

| · | risks                                                                                             
 related to the increasing quantities of LEU being imported into the United States from China      
 and the impact on our ability to make future LEU or SWU sales or ability to finance any build-out 
 of our enrichment capacities;                                                                     |

| · | risks                                                                                        
 related to change in laws, tariffs or other government measures that would lift, lower or    
 relax such laws, tariffs or government measures to allow the importation of LEU, or increase 
 its cost, from Russia or other countries with restrictions;                                  |

| · | risks                                                                                        
 related to not being able to sell the Russian LEU available for purchase under the TENEX     
 Supply Contract for import in 2026 or 2027