Centrus finalizes $150M DOE contract to produce HALEU, first NRC-licensed site

CENTRUS ENERGY CORP

Base contract ~$150M thru 2024; Phase One requires $30M cost share from Centrus matched by $30M DOE, produce 20 kg HALEU by Dec 31, 2023.
Phase Two expects ~$90M cost-plus-incentive-fee for full year at 900 kg/year; DOE owns HALEU.
DOE has options for up to 9 additional years of production beyond base contract.
Lease amendment: DOE assumes decontamination/decommissioning liability for facilities under contract.
Centrus could scale up to full-scale cascade (6 MTU/year) within ~42 months with additional funding.

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Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 1.0

CENTRUS ENERGY CORP amended Lease Amendment with United States Department of Energy (effective 2022-11-30).

Action: amendment
Agreement: lease
Counterparty: United States Department of Energy
Effective: 2022-11-30

Exact text from the filing

On November 30, 2022, United States Enrichment Corporation, a Delaware corporation (“Enrichment”), a wholly-owned subsidiary of Centrus, entered into an Amendment to the Lease Agreement ("Lease Amendment") between Enrichment and the Department for the lease of the gas centrifuge enrichment plant facilities in Piketon, Ohio, for the American Centrifuge plant and related personal property (the “GCEP Lease”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 1.0

CENTRUS ENERGY CORP entered into Contract with United States Department of Energy valued at approximately $150 million (effective 2022-11-30).

Action: entry
Counterparty: United States Department of Energy
Value: approximately $150 million
Effective: 2022-11-30

Exact text from the filing

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 a definitized contract (the “Contract”) with the United States Department of Energy (the “Department”) to pioneer production of High-Assay, Low-Enriched Uranium ("HALEU") at its facility leased from the Department in Piketon, Ohio.

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281 material agreements filed in the last 30 days. Browse all material agreements →

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Source: SEC EDGAR

accession 0001065059-22-000040

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