Centrus to Ring the NYSE Opening Bell on Thursday, February 19 in Celebration of the Launch of Multi-Billion Dollar Expansion

BETHESDA, Md., Feb. 18, 2026 /PRNewswire/ -- Centrus Energy (NYSE: LEU) announced today that President and CEO Amir Vexler will ring the Opening Bell® at the New York Stock Exchange on at 9:30 a.m. ET tomorrow, Thursday, February 19. The ceremony recognizes the launch of Centrus' multi–billion–dollar expansion of its uranium enrichment capacity in Piketon, Ohio -- a project designed to strengthen the nation's nuclear fuel supply chain, create thousands of American jobs, and support both the existing reactor fleet and national security needs as well as next–generation advanced nuclear technologies.

Coverage of the ceremony will be livestreamed at www.nyse.com/bell.

"After decades of underinvestment in our country's nuclear fuel supply chain, Centrus is leading the effort to restore America's ability to enrich uranium at a large scale," said Centrus President and CEO Amir Vexler. "The multi-billion-dollar expansion we launched in December will provide an assured, affordable, domestic source of enriched uranium to meet America's urgent civilian and national security requirements. We are honored to have been invited to ring the Opening Bell in recognition of this historic effort."

Hiring and centrifuge manufacturing already underway to support the expansion – which will include large-scale production of both Low–Enriched Uranium (LEU) for the existing reactor fleet and High–Assay, Low–Enriched Uranium (HALEU) for advanced reactors, along with enrichment for national security missions. The project is expected to directly create 1,300 construction and operations jobs in Ohio, 430 manufacturing jobs in Tennessee, and thousands of supply jobs across the country. 

About Centrus Energy

Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal.

With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at www.centrusenergy.com or follow us on LinkedIn and X.

Forward Looking Statements:
This news release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact 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. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions with respect to future events and operational, economic and financial performance. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control.

For Centrus Energy Corp., particular factors that involve uncertainty and could cause our actual future results to differ materially from those expressed in our forward-looking statements and which are, and may be, exacerbated by any worsening of the global business and economic environment include but are not limited to the following: the war in Ukraine and other geopolitical conflicts; restrictions on imports and exports, including those imposed under the RSA, and related international trade legislation; our government contracts, including related to changes to the U.S. government's appropriated funding levels for HALEU and the government's inability to satisfy its obligations, our lease to our facility in Piketon, Ohio, and our receipt of additional task orders under the HALEU Production Contract, LEU Production Contract and HALEU Deconversion Contract and, if awarded, the nature, timing and amount thereof; whether or when government demand for HALEU or LEU for government or commercial uses will materialize and at what level; the impact and potential extended duration of a supply/demand imbalance in the market for LEU; significant competition from major LEU producers, including foreign competitors, who may be less cost sensitive then we are; limitations on our ability to compete in foreign markets; pricing trends and demand in the uranium and enrichment markets, especially in light of the potential of limited supply and our dependence on others for deliveries of LEU; and our ability to successfully implement our planned expansion projects in Piketon, Ohio and Oak Ridge, Tennessee.

Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this news release and in our filings with the SEC, including our most recent Annual Report on Form 10-K, under Part II, Item 1A – "Risk Factors" in our subsequent Quarterly Reports on Form 10-Q, and in our other filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

Contact:

Investors: Neal Nagarajan [email protected]
Media: Dan Leistikow [email protected]

SOURCE Centrus Energy Corp.