Russia rescinds TENEX's LEU export license; Centrus HALEU contract extended with $24M add

CENTRUS ENERGY CORP

Russia decree (effective through Dec 31, 2025) rescinds TENEX's general LEU export license to US; specific licenses required for each shipment.
TENEX will seek export licenses for remaining 2024 and 2025 Centrus orders but no certainty of approval.
Centrus's largest LEU supplier TENEX's inability to get licenses would materially affect delivery obligations and business.
DOE amendment extends HALEU contract Phase 2 to June 30, 2025 and adds ~$24M incremental funding.

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