CENTRUS ENERGY CORP 8-K

What Happened
Centrus Energy Corp. (filed 8-K on June 18, 2026) announced it signed a non-binding letter of intent (LOI) with Oklo, Inc. under which Centrus would supply high-assay, low-enriched uranium (HALEU). The company said that, if a definitive agreement is reached, the HALEU would be produced at Centrus’ Piketon, Ohio facility and deliveries are scheduled to begin in 2029. Centrus’ press release (Exhibit 99.1) notes the fuel is expected to be used for Oklo’s planned 1.2 gigawatt power campus in the region.

Key Details

• Agreement status: non-binding letter of intent; a definitive agreement has not been executed.
• Production site: Centrus’ Piketon, Ohio facility.
• Delivery timing: HALEU deliveries scheduled to begin in 2029.
• End use: Expected to fuel Oklo’s planned 1.2 gigawatt power campus.

Why It Matters
This LOI signals a potential long-term commercial customer for Centrus’ HALEU production, which could support revenue and utilization of its Piketon facility if a binding contract is reached. For investors, the timeline (deliveries beginning in 2029) and the non-binding nature of the LOI are important: the arrangement is preliminary and subject to negotiation and final agreement. The announcement highlights Centrus’ role in the emerging HALEU supply chain for advanced reactors, but does not guarantee future sales or financial impact until definitive terms are signed.