Centrus begins commercial centrifuge manufacturing for LEU enrichment; targets 2029 production

CENTRUS ENERGY CORP

Company has started centrifuge manufacturing at Oak Ridge, TN, for commercial LEU enrichment at Piketon, OH.
Backlog of $2.3B in contingent LEU sales contracts with U.S. and international customers.
Project expected to create 1,000 construction and 300 operations jobs in Ohio; hundreds more in Tennessee.
First new enrichment capacity expected to come online in 2029; also targets future HALEU production.
Funding includes $1.2B in convertible notes, over $1.6B cash, $1B ATM offering, and DOE finalist for ~$900M task orders.

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