Recent Updates — LEU
Centrus Energy shipped the first completed centrifuge from its Oak Ridge, Tennessee manufacturing plant on October 29, 2026. The milestone marks the start of shipping components to Ohio for final assembly as part of a multi-billion dollar capacity expansion. This achievement occurred ahead of the company's previously announced year-end target and reflects the establishment of a complete domestic supply chain. Centrus is also expanding its Oak Ridge facility with a $560 million investment to support high-rate manufacturing. The new centrifuges are expected to come online in Ohio in 2029, supporting both commercial and national security uranium enrichment needs. Centrus Energy Corp. provides nuclear fuel and services for the nuclear power industry.
Centrus Energy Corp. completed the acquisition of 100% of Westerman Holdings, LLC for approximately $116 million, funded with $95 million in cash and $21 million in Class A common stock. The transaction brings a key centrifuge component supplier in-house to enhance supply chain resilience and diversify revenue through non-nuclear industrial manufacturing. Centrus also settled $31.5 million of Westerman's subordinated notes and repaid a $12.7 million term loan from the purchase price. Centrus Energy Corp. is a trusted American supplier of nuclear fuel and services for the nuclear power industry.
On September 17, 2026, Centrus Energy Corp. announced a definitive multi-year contract with Antares Nuclear to supply high-assay low-enriched uranium (HALEU), with deliveries scheduled to begin before the end of the decade. The agreement includes prepayments from Antares intended to support Centrus's expansion of domestic enrichment capacity at its American Centrifuge Plant in Piketon, Ohio. This contract secures a reliable U.S.-origin fuel source for Antares' advanced microreactor projects, which include applications for national security and space missions. Centrus Energy Corp. operates in the nuclear energy sector, providing uranium enrichment services and nuclear fuel.
Centrus Energy Corp. priced an underwritten public offering of Class A common stock, pre-funded warrants, and common warrants for gross proceeds of approximately $500 million on September 9, 2026. The company sold 500,000 shares at a combined price of $199.64 per share with accompanying warrants. It also issued 2,005,513 pre-funded warrants exercisable immediately at $0.10 per share and 6,992,382 common warrants divided into four series with exercise prices ranging from $226.86 to $362.98 per share. The offering closed on September 11, 2026, with net proceeds intended for general corporate purposes, including debt repayment and potential acquisitions. Separately, Centrus disclosed advanced discussions regarding a potential acquisition of a domestic manufacturing supplier for approximately $115 million to $125 million. Centrus Energy Corp. operates in the nuclear energy sector, providing fuel and services to the nuclear power industry.
On September 9, 2026, Centrus Energy Corp. announced a definitive multi-year contract with Radiant Industries to supply high-assay low-enriched uranium (HALEU) for Radiant's Kaleidos microreactors. Deliveries are scheduled to begin before the end of the decade. The agreement includes prepayments from Radiant to Centrus, which will advance the build-out of domestic enrichment capacity. This partnership expands Centrus' backlog and strengthens its position as a leading supplier for next-generation nuclear technologies. Centrus Energy Corp. operates in the nuclear energy sector, providing uranium fuel and enrichment services.
Centrus Energy Corp announced a special one-time grant of performance-based restricted stock units to executive officers and senior leaders on August 15, 2026. Vesting is contingent upon achieving enrichment from the first cascade at its Piketon, Ohio facility and other milestones. The maximum value for named executives includes $5 million for CEO Amir V. Vexler and up to $2 million for Patrick S. Brown, John M.A. Donelson, and Todd M. Tinelli. Neal K. Nagarajan received a grant valued at $1.3 million. This compensation structure aims to align leadership incentives with critical operational goals in the nuclear energy sector.