Author: sHq_LoGiNz

Provides Further Validation of and Market Demand for Centrus’ Technology

Provides a Framework for Future Private Investments to Support Enrichment Expansion

BETHESDA, Md., Aug. 25, 2025 /PRNewswire/ — Centrus Energy (NYSE American: LEU) today signed a Memorandum of Understanding (MOU) with Korea Hydro & Nuclear Power (KHNP) and POSCO International to explore potential investment to support expansion of Centrus’ uranium enrichment plant in Piketon, Ohio.  U.S. Secretary of Commerce Howard Lutnick and Korea’s Minister of Trade, Industry and Energy Kim Jung-kwan attended the signing of the agreement, which is aimed at deepening U.S.-Korea cooperation on civilian nuclear energy.  Centrus and KHNP also agreed to an increase in the supply volume of enriched uranium under the contract they signed in February 2025.

“We are proud to be strengthening our relationship with our partners in Korea in support of our work to restore America’s ability to enrich uranium at a large scale,” said Centrus President and CEO Amir Vexler.  “This agreement reflects strong demand for a U.S.-owned uranium enrichment capability and another potential avenue for private investment capital to bring added supply diversity and competition to the marketplace – and meet Korea’s need for affordable, reliable fuel supplies for both new and existing reactors.”

Centrus and KHNP finalized a supply contract in February 2025 to support construction of new uranium enrichment capacity at Centrus’ American Centrifuge Plant in Ohio.  The two companies today agreed to a higher supply volume of Low-Enriched Uranium (LEU) under that contract.  The entire supply commitment, including the expanded volumes, is contingent upon Centrus receiving the necessary federal funding to build the new LEU production capacity. 

Centrus is competing for funding from the U.S. Department of Energy to expand U.S. enrichment capacity.  This federal investment is crucial to achieving economies of scale and enabling a U.S.-owned enrichment capacity to compete against foreign, state-owned enterprises that currently have almost 100% of the world’s uranium enrichment capacity.  Centrus is committed to matching federal funds with substantial private capital and utility purchase commitments as part of a public-private partnership.

Today’s MOU, which is non-binding, is aimed at facilitating additional private sector capital to support the potential expansion of Centrus’ enrichment capacity in Ohio.  The agreement also calls for the companies to explore additional opportunities for cooperation, such as additional supply agreements for LEU as well as High-Assay, Low-Enriched Uranium (HALEU) for next generation reactors. 

Korea represents one of the largest potential export markets for U.S. enriched uranium and is leading the development and construction of new reactors around the world.  With 26 nuclear reactors in operation and four under construction, KHNP is the world’s third largest nuclear plant operator.  POSCO International, a global leader in international trading and energy infrastructure development, is working to develop a next-generation High-Temperature Gas Reactor powered by HALEU. 

About Centrus

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.

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: geopolitical conflicts, including the war in Ukraine; market demand and competition; changes in economic or industry conditions; supply chain disruptions; the imposition of tariffs and/or sanctions that impact our ability to obtain, deliver, transport, or sell LEU or the SWU and natural uranium hexafluoride components of LEU delivered to us under the TENEX Supply Contract or other supply contracts or make related payments or deliveries of natural uranium hexafluoride to TENEX; regulatory approvals and compliance requirements; technological changes; DOE procurement decisions; U.S. government appropriations; government decisions regarding, our lease with the DOE in Piketon, Ohio, including with respect to the term and the scope of permitted activities; our ability to attract qualified employees necessary for the potential expansion of our operations in Oak Ridge, Tennessee or Piketon, Ohio; and our ability to execute our strategic initiatives.

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.

Contacts:

Media: Dan Leistikow at LeistikowD@centrusenergy.com
Investors: Neal Nagarajan at NagarajanNK@centrusenergy.com   

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SOURCE Centrus Energy Corp.

WASHINGTON, Aug. 25, 2025 /PRNewswire/ — With the number of confirmed Legionnaires’ Disease cases rising in New York as well as the death toll, it is time for policy makers to address the problem at its source, according to the Alliance to Prevent Legionnaires Disease.

Since July 25, 2025, more than 108 individuals have been diagnosed with Legionnaires’ disease in Central Harlem. Tragically, six individuals have died. Legionnaires’ disease, a severe form of pneumonia, is caused by the waterborne bacteria legionella found naturally in source water and soil. If not properly treated and filtered, legionella can escape water treatment plants, entering water distribution systems, and ultimately infecting building, facility, and home water systems where humans can become exposed. Proactive and comprehensive measures must be taken to address legionella from source-to-tap if we are going to succeed in preventing the serious disease it causes.

“The current policies are not working,” said Bob Bowcock, Alliance Board Member and water expert who founded Integrated Resource Management. “What is needed is a comprehensive approach that recognizes the waterborne pathogens infiltrate homes and buildings through the water supply. Focusing only on end use is only going to lead to more outbreaks and more deaths.”

Local Law 77 passed a decade ago, mandates registration, inspection, cleaning, disinfection, and testing of certain water-using equipment in buildings. However, despite these measures, the city continues to face elevated cases and outbreaks that remain unabated, impacting economically disadvantaged areas the most. The singular emphasis on end-user equipment is reactionary once the bacteria has already entered premise plumbing systems rather than a comprehensive or preventative water-quality strategy.

In a recent op-ed in the New York Daily News (https://www.nydailynews.com/2025/08/24/erin-brockovich-harlem-legionnaires-disease-demands-real-action/), environmental activist Erin Brockovich wrote: “We need to move from reaction to prevention, and that means covering the whole water system from source to tap. New Jersey recently passed a law to require water management programs for both water utilities and buildings, stronger investigations, public education, and case tracking. Illinois has similar rules to mitigate risks upstream…Even the NYS Department of Health has issued a guide to reduce risk of exposure to Legionella bacteria at home and I couldn’t agree more that the public deserves far greater education, awareness and transparency related to this disease and the waterborne bacteria that causes it.”

Further, numerous studies^[i] have found a clear link between periods of heavy rainfall and an increased risk of contracting Legionnaires’ disease. Intense rain creates environmental conditions that support the growth and spread of legionella bacteria. On July 14, New York City experienced heavy rain and flash flooding, with Mayor Eric Adams reporting that Harlem experienced some of the heaviest rainfall during the event. The City’s Department of Environmental Protection called it one of the most intense rainstorms since Hurricane Ida. Given the well-documented connection between rainfall and Legionnaires’ cases, New York City should carefully examine the likelihood that this storm disrupted the water distribution system by dislodging and dispersing legionella bacteria, contributing to the current outbreak with cases first diagnosed 11 days after (incubation period for Legionnaires’ disease is 10-14 days).

“This disease is preventable,” Bowcock said. “But prevention begins at the water source and distribution system through proactive monitoring, management, and treatment to prevent the spread of the bacteria as water moves through the system to the end user. It is time to stop pretending that legionella bacteria magically fly through the air. It is spread through water and so logically the way to stop it is in the source of our water. The Alliance to Prevent Legionnaires’ Disease calls on New York to look to the recent actions taken by its neighbors in New Jersey who passed a comprehensive, source-to-tap law for Legionnaires’ disease prevention which takes effect in May 2026, and craft a workable policy that will stop these outbreaks and protect New York residents.”

The CDC reports that there are more than 8,000 cases of Legionnaires’ disease reported annually, with individual cases comprising 96% and outbreaks accounting for only 4%. One in ten individuals who contract Legionnaires’ disease will die from it and the fatality rate is higher among more susceptible populations. 

The Alliance to Prevent Legionnaire’ Disease is a national nonprofit focused on preventing Legionnaires’ disease through education, advocacy, and awareness. For more information, visit the Alliance’s website: https://preventlegionnaires.org/.

^[i] Hicks LA, Rose CE Jr, Fields BS, Drees ML, Engel JP, Jenkins PR, Rouse BS, Blythe D, Khalifah AP, Feikin DR, Whitney CG. Increased rainfall is associated with increased risk for legionellosis. Journal of Infectious Diseases. 2007.
Chen N-T, Chen M-J, Guo C-Y, Chen K-T, Su H-J. Precipitation increases the occurrence of sporadic Legionnaires’ disease in Taiwan. Scientific Reports. 2020.
Garcia-Vidal C, Labori M, Viasus D, Simonetti A, Garcia-Somoza D, Dorca J, Gudiol F, Carratalà J. Rainfall is a risk factor for sporadic cases of Legionella pneumophila pneumonia. PLoS ONE. 2013.
For more information, visit the Alliance’s website: https://preventlegionnaires.org/

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SOURCE Prevent Legionnaires’

VANCOUVER, BC, Aug. 25, 2025 /PRNewswire/ — GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) (“GreenPower”) announces that, further to its News Release of August 20, 2025, the TSX Venture Exchange has approved the consolidation of its issued and outstanding common shares (the “Shares“) on the basis of one new Share (a “Post-consolidated Share“) for every ten currently outstanding Shares (the “Consolidation“).  The Consolidation will become effective at the opening of the market on August 28, 2025.  The Company’s symbol shall remain as “GPV” on the TSX Venture Exchange, and “GP” on the Nasdaq Stock Exchange. 

Currently, a total of 30,462,084 Shares are issued and outstanding. Accordingly, upon the Consolidation becoming effective, a total of 3,046,229 Shares, subject to adjustments for rounding, will be issued and outstanding. There is no maximum number of authorized Shares. No fractional Post-consolidated Shares will be issued as a result of the Consolidation. Shareholders who would otherwise be entitled to receive a fraction of a Post-consolidated Share will be rounded up to the nearest whole number of Post-consolidated Shares and no cash consideration will be paid in respect of fractional shares.

The exercise price and number of Shares of the Company, issuable upon the exercise of outstanding options and warrants and conversion of outstanding convertible debentures, will be proportionally adjusted upon the implementation of the proposed Consolidation in accordance with the terms thereof.

Computershare Investor Services Inc. (“Computershare“) will mail letters of transmittal to the shareholders providing instructions on exchanging pre-Consolidation share certificates for post-Consolidation share certificates.  Shareholders are encouraged to send their share certificates, together with their letter of transmittal, to Computershare in accordance with the instructions in the letter of transmittal.

For further information contact:

Brendan Riley, President
(510) 910-3377

Fraser Atkinson, CEO
(604) 220-8048

Michael Sieffert, CFO
(604) 563-4144

About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis.  GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020. For further information go to www.greenpowermotor.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ©2025 GreenPower Motor Company Inc. All rights reserved.

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SOURCE GreenPower Motor Company