Shares of Centrus Energy Corp (LEU) surged 5.03% on Thursday after the U.S. Department of Energy (DOE) announced a waiver allowing the company to import low-enriched uranium (LEU) from Russia to foreign customers scheduled for 2025.
The DOE's decision comes as a relief for Centrus, a leading supplier of enriched uranium fuel for commercial nuclear power plants. The waiver mitigates potential supply disruptions and enables the company to meet its contractual obligations to customers outside the United States.
Centrus plans to request similar waivers for the years 2026 and 2027, indicating its continued reliance on Russian-sourced LEU to sustain its operations and fulfill customer demands in the near future. This strategic move is expected to bolster investor confidence in the company's ability to maintain a steady revenue stream and navigate potential trade barriers.
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