CENTRUS ENERGY CORP

Centrus Energy Corp. extended its Section 382 Rights Agreement through June 30, 2029, with stockholder approval at its annual meeting. This amendment is designed to preserve the company's substantial net operating loss carryforwards (NOLs) for federal income tax purposes and increased the preferred stock purchase price. Additionally, the company appointed Yanhong Dai as its principal accounting officer, effective June 18, 2026, while Todd M. Tinelli remains CFO.

Centrus Energy Corp. announced a non-binding letter of intent (LOI) with Oklo, Inc. for Centrus to supply high-assay, low-enriched uranium (HALEU) from its Piketon, Ohio facility. Deliveries are scheduled to begin in 2029, intended to fuel Oklo's planned 1.2 gigawatt power campus in southern Ohio, which could include up to five Aurora powerhouses. The LOI anticipates a definitive agreement and may include prepayments from Oklo, supporting significant private clean energy investment and job creation in the region.

Centrus Energy Corp. reported a significant decrease in net income and operating income for the first quarter of 2026, despite a slight increase in total revenue. Net income fell to $10.0 million from $27.2 million year-over-year, primarily due to a substantial rise in advanced technology costs. The company also announced an engineering, procurement, and construction contract with Fluor for the commercial expansion of LEU and HALEU production capabilities in Piketon, Ohio, and updated on its HALEU Operation Contract with the DOE.

Centrus Energy Corp. reported Q1 2026 revenue of $76.7 million, a 5% increase year-over-year, while GAAP net income decreased to $10.0 million due to increased advanced technology costs and a prior-year debt extinguishment gain. The company raised its full-year 2026 revenue guidance to $450 million-$500 million, reflecting strong commercial progress and strategic initiatives. Centrus also announced significant operational advancements, including a multi-year investment to expand centrifuge manufacturing, new partnerships with Fluor and Palantir, and identified cost savings of approximately $300 million.

Centrus Energy Corp. will hold its Annual Meeting of Stockholders virtually on June 18, 2026, to vote on six director nominees, executive compensation, an amendment for officer exculpation, the Section 382 Rights Agreement, and auditor ratification. The company also highlighted recent management appointments, including Patrick Brown as SVP, Field Operations and Todd Tinelli as CFO in August 2025, and re-established financial, operational, and capital spend guidance following shareholder engagement.