# EDGAR Filing Document

**Accession Number:** 0001065059
**File Stem:** 0001065059-25-000035
**Filing Date:** 2025-6
**Character Count:** 19793
**Document Hash:** eaf9f5326fe092100a9c0bdf4c11111b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001065059-25-000035.hdr.sgml**: 20250620

**ACCESSION NUMBER**: 0001065059-25-000035

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 18

**CONFORMED PERIOD OF REPORT**: 20250617

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250620

**DATE AS OF CHANGE**: 20250620

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CENTRUS ENERGY CORP
- **CENTRAL INDEX KEY:** 0001065059
- **STANDARD INDUSTRIAL CLASSIFICATION:** MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 522107911
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-14287
- **FILM NUMBER:** 251059161

**BUSINESS ADDRESS:**
- **STREET 1:** 6901 ROCKLEDGE DR
- **STREET 2:** SUITE 800
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20817
- **BUSINESS PHONE:** 3015643200

**MAIL ADDRESS:**
- **STREET 1:** 6901 ROCKLEDGE DR
- **STREET 2:** SUITE 800
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20817

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USEC INC
- **DATE OF NAME CHANGE:** 19980629

?xml version='1.0' encoding='ASCII'? leu-20250617

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

_________________

Date of Report (Date of earliest event reported): June 17, 2025

**Centrus Energy Corp.**

*(Exact name of registrant as specified in its charter)*

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| | | |
|:---|:---|:---|
| **Delaware** | **1-14287** | **52-2107911** |
| *(State or other jurisdiction of incorporation)* | *(Commission File Number)* | *(I.R.S. Employer Identification No.)* |

---

**6901 Rockledge Drive, Suite 800**

**Bethesda, MD 20817**

*(Address of Principal Executive Offices)*

**Registrant's telephone number, including area code: (301) 564-3200**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| <u>Title of Each Class</u> | <u>Trading Symbol</u> | <u>Name of Each Exchange on Which Registered</u> |
| Class A Common Stock, par value $0.10 per share | LEU | NYSE American |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 1.01 Entry into a Material Definitive Agreement**

On November 30, 2022, American Centrifuge Operating, LLC, a Delaware limited liability company ("ACO") and a wholly owned subsidiary of Centrus Energy Corp. ("Centrus"), signed the High-Assay, Low-Enriched Uranium ("HALEU") Demonstration Cascade Completion and HALEU Operation Contract (the "Contract") with the United States Department of Energy (the "Department").

As previously disclosed by Centrus on its Current Report on Form 8-K filed on December 1, 2022 with the Securities Exchange Commission, the first and second phases of the Contract were directed, respectively, to (i) bringing a centrifuge cascade online and demonstrating production of 20 kilograms of 19.75% enriched HALEU by December 31, 2023 and (ii) continuing production for a full year at an expected annual production rate of 900 kilograms of HALEU (the "900 kg Rate"). The Contract also gave the Department the ability to respectively exercise, in its discretion and on a cost-plus incentive fee basis, three three-year option periods to obtain up to nine additional years of production from the cascade at the 900 kg Rate, subject to the availability of Congressional appropriations.

On June 17, 2025, the Department issued an amendment to the Contract (the "Amendment") that split the first three-year option period ("Option 1") into a first option period of one year ("Option 1a") and a second option period of two years ("Option 1b"). The Amendment establishes a target cost and fee for Option 1a of $99,289,528 and $8,704,218, respectively, and a target cost and fee for Option 1b of $163,477,542 and $15,235,927, respectively. Additionally, the Amendment acknowledges that the estimated cost associated with Option 1b is insufficient due to known cost increases since the Contract was awarded, and indicates that ACO will need to submit a revised cost proposal for review and negotiation prior to the Department's consideration of Option 1b.

In conjunction with the Amendment, the Department exercised Option 1a, valued at approximately $110,000,000, and extended the period of performance to June 30, 2026. The HALEU produced under this Contract belongs to the Department

The foregoing description of the Amendment is a summary only and does not purport to be complete, and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is expected to be filed as an exhibit to the Company's next Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission.

**Item 7.01 Regulation FD Disclosure** 

On June 20, 2025, Centrus issued a press release regarding the Amendment. A copy of the press release is included as Exhibit 99.1 to this report.

The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of Centrus under the Securities Act of 1933 or the Exchange Act. A copy of the press release issued by Centrus in relation to the Amendment is furnished hereto as Exhibit 99.1.

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**Item 9.01 Financial Statements and Exhibits**

(d) Exhibits.

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| | |
|:---|:---|
| **<u>Exhibit No.</u>** | **<u>Description</u>** |
| 99.1 | <u>[Press Release dated June 20, 2025](exhibit991p31yrextension.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document) |

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**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
| | | | Centrus Energy Corp. |
| Date: | June 20, 2025 | By: | /s/ Kevin J. Harrill |
|  |  |  | Kevin J. Harrill |
|  |  |  | Senior Vice President, Chief Financial Officer, |
|  |  |  | and Treasurer |

---

## Exhibit 99.1

![](exhibit991p31yrextension001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FOR IMMEDIATE RELEASE: June 20, 2025 Centrus Energy Secures Contract Extension from Department of Energy to Continue HALEU Production Extension Valued at Approximately $110 Million through June 30, 2026 BETHESDA, Md. – Centrus Energy (NYSE American: LEU) today announced that the U.S. Department of Energy has exercised an option to extend Centrus' competitively-awarded contract to produce High-Assay, Low-Enriched Uranium (HALEU) through June 30, 2026. The Department has additional options for continued production for up to eight additional years beyond that date. "This extension reflects the ongoing value of the partnership that the Department launched with Centrus in 2019 to restore America's ability to enrich uranium and provide a source of HALEU that the Department and the nation urgently need," said Centrus President and CEO Amir Vexler. "We are delivering meaningful quantities of HALEU to catalyze a new generation of reactors, while laying the groundwork to establish a large-scale, U.S.-owned uranium enrichment capability to meet America's commercial and national security requirements." In 2019, the Department of Energy contracted with Centrus to license and construct a cascade of advanced centrifuges to demonstrate HALEU production at the American Centrifuge Plant in Piketon, Ohio. In 2022, Centrus won a competitively-awarded, three-phase follow-on contract to bring the cascade into production and deliver HALEU for the Department's use. Centrus completed Phase I of the contract in late 2023 by launching enrichment operations and demonstrating first-of-a-kind HALEU production with the delivery of 20 kilograms of HALEU. Phase II of the contract called for Centrus to produce an additional 900 kilograms of HALEU by June 30, 2025, for the Department's use. Phase III of the contract included three optional extension periods of three years each, for up to nine additional production years at an annual rate of 900 kilograms of HALEU UF6. On June 17, 2025, the Department of Energy executed a contract amendment to split the first three-year extension period into a one-year extension option followed by a two-year extension option. The Department has exercised the first of these

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![](exhibit991p31yrextension002.jpg)

options, kicking off Phase III with additional HALEU production through June 30, 2026. The remaining options in the contract – at the Department's sole discretion and subject to appropriations – would, if exercised, provide for up to eight additional years of production beyond the current extension. The HALEU produced under this contract belongs to the Department and can be used to advance key national priorities like enabling the demonstration and commercialization of HALEU-fueled advanced reactors. About Centrus Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal. With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at www.centrusenergy.com. Forward Looking Statements This news release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "will", "should", "could", "would" or "may" and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions with respect to future events and operational, economic and financial performance. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control. For Centrus Energy Corp., particular risks and uncertainties (hereinafter "risks") that could cause our actual future results to differ materially from those expressed in our forward-looking statements and which are, and may be, exacerbated by any worsening of the global business and economic environment include but are not limited to the following: risks related to the DOE not exercising options following the completion of Option 1a performance period of our agreement with the DOE to deploy and operate a cascade of centrifuges to demonstrate production of HALEU for advanced reactors (the "HALEU Operation Contract") or awarding a third party to continue the HALEU Operation Contract; risks related to changes to the U.S. government's appropriated funding levels for HALEU Operation Contract due to changes in U.S. government policy or other reasons; risks related to whether or when government funding or demand for HALEU for government or commercial uses will materialize and at what level; risks regarding funding for continuation and deployment of the American Centrifuge technology; risks related to (i) our ability to perform and absorb costs under our the HALEU Operation Contract, (ii) our ability to obtain new contracts and funding to be able to continue operations and (iii) our ability to obtain and/or perform under other

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![](exhibit991p31yrextension003.jpg)

agreements; risks that (i) we may not obtain the full benefit of the HALEU Operation Contract and may not be able or allowed to operate the HALEU enrichment facility to produce HALEU after the completion of the HALEU Operation Contract or (ii) the output from the HALEU enrichment facility may not be available to us as a future source of supply; risks related to pricing trends and demand in the uranium and enrichment markets and their impact on our profitability; risks related to DOE not issuing any major task orders to any contract awardee under any of the HALEU Production Contract, LEU Production Contract, or HALEU Deconversion Contract; risks related to the Company not winning a task order under the HALEU Production Contract, LEU Production Contract and HALEU Deconversion Contract to expand the capacity of the American Centrifuge plant; risks related to DOE not providing adequate share of the appropriated funding to the Company under any of the HALEU Production Contract, LEU Production Contract or HALEU Deconversion Contract; risks related to our ability to secure financing to expand our plant for LEU or HALEU or expand it to the level that would make it commercially viable; risks related to our inability to increase capacity for HALEU or LEU in a timely manner to meet market demand or our contractual obligations; risks related to DOE not awarding any contracts to the Company in response to the Company's future proposals; risks related to a government shutdown or lack of funding that could result in program cancellations, disruptions and/or stop work orders and could limit the U.S. government's ability to make timely payments, including under Executive Order 14158, and our ability to perform our U.S. government contracts and successfully compete for work including under the HALEU Operation Contract; risks related to uncertainty regarding our ability to commercially deploy competitive enrichment technology; risks related to the potential for demobilization or termination of the HALEU Operation Contract; risks that we will not be able to timely complete the work that we are obligated to perform; risks related to the government's inability to satisfy its obligations, including supplying government furnished equipment necessary for us to produce and deliver HALEU under the HALEU Operation Contract and processing security clearance applications resulting from a government shutdown or other reasons; risks related to our inability to obtain the government's approval to extend the term of, or the scope of permitted activities under, our lease with the DOE in Piketon, Ohio; risks related to cybersecurity incidents that may impact our business operations; risks related to our inability to perform fixed-price and cost-share contracts such as the HALEU Operation Contract, including the risk that costs that we must bear could be higher than expected and the risk related to complying with stringent government contractual requirements; risks related to our inability to attract qualified employees necessary for the potential expansion of our operations in Oak Ridge, Tennessee or Piketon, Ohio; risks related to actions, including investigations, reviews or audits, that may be taken by the U.S. government, the Russian government, or other governments that could affect our ability to perform under our contractual obligations or the ability of our sources of supply to perform under their contractual obligations to us; risks related to our inability to perform and receive timely payment under our agreements with the DOE or other government agencies, including risks related to the ongoing funding by the government and potential audits; risks related to how aligned we may be, or perceived to be, with any political party, administration, or its policies based on our positions or our political action committee's advocacy; risks related to changes or termination of our agreements with the U.S. government or other counterparties, or the exercise of contract remedies by such counterparties; risks related to changes in the nuclear energy industry; risks related to the competitive bidding process associated with obtaining contracts, including government contracts; risks related to potential strategic transactions that could be difficult to implement, that could disrupt our business or that could change our business profile significantly; risks related to the outcome of legal proceedings and other contingencies (including lawsuits and government investigations or audits); risks related to the impact of, or changes to, government regulation and policies or interpretation of laws or regulations, including by the U.S. Securities and Exchange Commission, the DOE, the U.S. Department of Commerce and the U.S. Nuclear Regulatory Commission; risks related to the recent U.S. federal government administration's reliance on executive orders to implement regulatory or trade policy and objectives, which could

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![](exhibit991p31yrextension004.jpg)

exacerbate regulatory or, private or public, financing unpredictability; and other risks discussed in this news release and in our filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this news release and in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024, under Part II, Item 1A - "Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, and in our filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law. Contacts: Media: Dan Leistikow at LeistikowD@centrusenergy.com Investors: Neal Nagarajan at NagarajanNK@centrusenergy.com

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