Company: LEU
Filing Date: 2025-04-25
Form Type: DEFA14A
Source: 0001104659-25-039227
Chunk: 2

Company: CENTRUS ENERGY CORP
Filing Date: 2025-04-25
Form: DEFA14A
Chunk 2
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 happen. And our site has ample room to continue expanding with additional centrifuge halls
up to whatever level of production is required to meet commercial and national security demands.

We have secured approximately $3.7 billion in sales backlog to future
customers. Approximately $2 billion of this is in contingent purchase commitments from our domestic and international customers to support
new LEU production. Contingent upon securing the necessary public and private financing to build the new capacity, they reflect a strong
appetite for new American LEU production and demonstrate customer confidence in Centrus’ technical capabilities and commercial competitiveness.

| 2 |

The federal government has also stepped up to the plate. With rising
concerns about energy security and America’s over-reliance on imported nuclear fuel, Congress has provided more than $3.4 billion
that the Department of Energy can use to jumpstart American nuclear fuel production.

It is up to the Trump Administration to determine which projects to
fund and how to structure the program, but we are confident in our compelling case as the only American choice that will support American
jobs and the only company that can fulfill national security needs.

Our primary competitors for the funding are two European, state-owned
enterprises that manufacture their centrifuges exclusively in the Netherlands through a single, shared entity that utilizes a strictly
European supply chain. And because both use foreign-origin technology, neither can supply America’s national security needs for
enriched uranium – for which a U.S.-origin technology is required.

In short, the choice for
policymakers is between:

| A) | Spending hard-earned U.S. taxpayer dollars in Europe on centrifuges that cannot meet national security 
 needs, or                                                                                              |

| B) | Investing in an American technology, built in the United States by American workers using American materials 
 and parts, that can meet the full range of commercial and national security requirements.                    |

We are proud of our longstanding
relationship with the Department of Energy spanning multiple administrations. While the choice is up to them, we are confident we offer
American taxpayers’ clear value.

While the DOE process is ongoing, we are taking critical steps to position
ourselves to quickly scale up our capacity and capitalize on our first-mover advantage. In late November, we launched a $60 million investment
to restart centrifuge manufacturing and expand the capacity of our centrifuge manufacturing facility in Oak Ridge, Tennessee, laying the
groundwork for the future large-scale deployment of our technology. This investment serves to der