Centrus Energy Corp. (NYSE American: LEU) today announced the pricing of an underwritten public offering of 2,350,000 shares of its Class A Common Stock, at a public offering price of $10.00 per share of Class A Common Stock. In addition, Centrus has granted the underwriters a 30-day option to purchase up to an additional 352,500 shares of Class A Common Stock at the public offering price, less the underwriting discount.

Proceeds to Centrus from the offering are expected to be $21.5 million, after deducting underwriting discounts and commissions and other estimated offering expenses payable by Centrus. Centrus plans to use the net proceeds of the offering for general working capital purposes, to invest in technology development, and to repay outstanding debt or retire shares of its Series B Senior Preferred Stock, including shares of Series B Senior Preferred Stock of existing stockholders who have indicated interest in purchasing shares of Class A Common Stock in the offering. The offering is expected to close on or about August 25, 2020, subject to customary closing conditions.

Roth Capital Partners is acting as sole book-running manager for the offering. Lake Street is acting as lead manager.

About Centrus

Centrus is a trusted supplier of nuclear fuel and services for the nuclear power industry. Centrus provides value to its utility customers through the reliability and diversity of its supply sources – helping them meet the growing need for clean, affordable, carbon-free electricity. Since 1998, the Company has provided its utility customers with more than 1,750 reactor years of fuel, which is equivalent to 7 billion tons of coal.

With world-class technical capabilities, Centrus offers turnkey engineering and advanced manufacturing solutions to its customers. The Company is also advancing the next generation of centrifuge technologies so that America can restore its domestic uranium enrichment capability in the future. Find out more at www.centrusenergy.com.