secwatch.observer — SEC 8-K summary
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Issuer:     CENTRUS ENERGY CORP (LEU)
CIK:        0001065059
Form:       8-K
Filed at:   2022-12-01T23:59:59+00:00
Accession:  0001065059-22-000040
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065059/000106505922000040/0001065059-22-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065059/000106505922000040/leu-20221130.htm
  HTML page:      https://secwatch.observer/filing/0001065059-22-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer