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FOR IMMEDIATE RELEASE : August 11 , 2021 EXHIBIT 99.1 • • • Centrus Reports Second Quarter 2021 Results Net income of $ 11.6 million on $ 62.4 million in revenue Consolidated cash balance of $ 176.0 million as of June 30 , 2021 U.S. Nuclear Regulatory Commission approved license amendment request to produce HALEU BETHESDA , Md . - Centrus Energy Corp. ( NYSE American : LEU ) today reported net income of $ 11.6 million 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 . ” Financial Results Centrus generated total revenue of $ 62.4 million for the second quarter of 2021 , a decrease of $ 13.3 million , or 18 percent , from the prior year period . Revenue from the LEU segment decreased $ 18.2 million in the three months and $ 10.8 million in the six months ended June 30 , 2021 , compared to the corresponding periods in 2020. SWU revenue in 2020 included a one - time payment of $ 32.4 million collected from a customer as part of the customer's bankruptcy proceeding . Excluding this one - time payment in 2020 , revenue from the sales of SWU increased $ 19.0 million in the three months and $ 26.4 million in the six months ended June 30 , 2021. The volume of SWU sold increased 106 percent for the six - month period ended June 30 , 2021 , and the average SWU price decreased 29 percent , largely due to the variability in timing of utility customer orders and the particular contracts under which SWU were sold during the periods . There were no uranium sales in the six months ended June 30 , 2021 , compared to $ 4.8 million in the corresponding period in 2020 .