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Centrus Lines Up Korean Backers as Shares Surge With Ohio Expansion Still Needing U.S. Funding

Investor roadshows in London and New York follow a volatile run fueled by solid Q2 cash generation.

Overview

  • Centrus signed a non-binding MOU with Korea Hydro & Nuclear Power and POSCO International to explore investment in expanding its Ohio enrichment plant.
  • The company says large-scale expansion depends on securing federal support, leaving the timeline uncertain without Department of Energy funding.
  • Shares hit a closing high of $312.19 on September 25 after a year-to-date gain of 272.72%, with the stock jumping 13.77% intraday before ending down 2.19% that day.
  • Q2 2025 results included $154.5 million in revenue, $28.9 million in net income from continuing operations, and $52.8 million in operating cash flow.
  • Management reports EBITDA and gross margins of 30.6% and 36.1%, notes plans for investor meetings in London and New York, and says the partnership targets increased LEU supply for the Korean firms.