Centrus Energy Corp. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits
$LEU
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Industrials
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
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Date of Report (Date of earliest event reported): June 30, 2026
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Item 1.01 Entry into a Material Definitive Agreement
On June 30, 2026, American Centrifuge Operating, LLC, a Delaware limited liability company (“ACO”) and a wholly owned subsidiary of Centrus Energy Corp. (“Centrus”), signed a United States Department of Energy (the “Department”) contract (the “Contract”) to establish new domestic commercial High-Assay, Low-Enriched Uranium ("HALEU") enrichment capacity at its facility leased from the Department in Piketon, Ohio. The Contract governs ACO’s performance of a task order awarded by the Department under an indefinite delivery-indefinite quantity contract executed between ACO and the Department in 2024.
The Contract establishes a firm fixed price of $900 million, to be paid incrementally as performance-based milestone payments, to deploy a specified amount of enrichment capacity and deliver, by March 2032, one metric ton of uranium (MTU) enriched as HALEU UF6 to a nominal 19.75 weight percent of 235U. The Contract also includes first and second options, exercisable at the Department’s sole discretion, each for delivery over a maximum twelve-month period, of five MTU enriched as HALEU UF6 to a nominal 19.75 weight percent of 235U for a firm fixed price of $17 million per MTU (or a total of $85 million for each five MTUs). Upon completion of its obligations under the Contract, ACO would obtain title to the deployed enrichment capacity.
The foregoing description of the Contract does not purport to be complete and is qualified in its entirety by the text of the Contract, a copy of which is expected to be filed as an exhibit to Centrus’ next quarterly report on Form 10-Q.
On July 1, 2026, Centrus issued a press release regarding the Contract and other Department-related company matters. A copy of the press release is included as Exhibit 99.1 to this report and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
| Exhibit No. | Description | ||||
| 99.1 | |||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document) | ||||
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.
| Centrus Energy Corp. | |||||||||||
| Date: | July 2, 2026 | By: | /s/ Todd M. Tinelli | ||||||||
| Todd M. Tinelli | |||||||||||
| Senior Vice President, Chief Financial Officer, and Treasurer | |||||||||||