Nov 18 (Reuters) - Nuclear fuel supplier Centrus Energy ( LEU )
said on Monday it has received a notice from Russia's
TENEX that its government passed an order, which canceled its
license to export low-enriched uranium to the U.S., effective
through Dec. 31, 2025.
Shares of Centrus were down 4.3% at $73.14 in trading after
the bell.
Russia, the world's largest supplier of enriched uranium,
said last week it had imposed temporary restrictions on the
fuel's export to the United States, a symbolic tit-for-tat move
after the U.S. banned Russian uranium imports.
TENEX is required to obtain a specific export license from
the Russian authorities to make each of the remaining 2024
shipments of low-enriched uranium to Centrus and for shipments
in 2025.
Centrus said TENEX is seeking the necessary export licenses,
in a timely manner. But there is no certainty whether they will
be issued by the Russian authorities and if issued, whether they
will be in a timely manner, it said.
If TENEX is unable to secure export licenses, it would
affect Centrus' ability to meet delivery obligations to
customers, it said.