BETHESDA - Centrus Energy Corp. (NYSE American: LEU) today reported net income of $11.6million for the quarter ended June 30, 2021, compared to net income of $33.7 million for the second quarter of 2020.

The prior period included a one-time payment of $32.4 million collected from a customer as part of the customer's bankruptcy proceeding. The net income allocable to common stockholders in the second quarter of 2021 was $10.9 million, or $0.81 (basic) and $0.79 (diluted) per common share.' The second quarter was another profitable and productive one for Centrus,' said Daniel B. Poneman, Centrus president and chief executive officer. 'The Nuclear Regulatory Commission approved our license amendment application to produce High-Assay, Low-Enriched Uranium at our Piketon, Ohio, facility -making Centrus the only company in the United States licensed to enrich HALEU. We continue to make good progress on the HALEU demonstration program despite the impacts of COVID on our supply chain, and look forward to beginning production next year.'

About Centrus Energy Corp.

Centrus Energy 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 and engineering capabilities, Centrus is also advancing the next generation of centrifuge technologies so that America can restore its domestic uranium enrichment capability in the future.

Forward-Looking Statements

This news release contains 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of1934. In this context, forward-looking statements mean statements related to future events, may address our expected future business and financial performance, and often contain words such as 'expects', 'anticipates', 'intends', 'plans', 'believes', 'will', 'should', 'could', 'would' or 'may' and other words of similar meaning.

Contact:

Dan Leistikow

Tel: (301) 564-3399

Email: LeistikowD@centrusenergy.com

(C) 2021 Electronic News Publishing, source ENP Newswire