Centrus Energy (LEU) 8-KU.S. Department of Commerce Announces Draft Amendment to the Suspension Agreement on Uranium from the Russian Federation

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

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Item 7.01 Regulation FD Disclosure.

On September 12, 2020, the U.S. Department of Commerce (the “Department”) announced that the Department and the Russian State Atomic Energy Corporation (“ROSATOM”) initialed a proposed 20-year extension of the Russian Suspension Agreement (“RSA”). The RSA is a trade agreement between the United States and Russia that suspends an antidumping duty investigation of Russian uranium and allows for limited imports, subject to annual quotas. The RSA applies to imports by Centrus Energy Corp. (the “Company”) under its long-term supply agreement with TENEX. The proposed extension is subject to public comment until September 28, 2020, and the Department stated that it is seeking to sign the amendment no later than October 5, 2020. If signed, the extension of the RSA would provide stability and certainty regarding nuclear trade with Russia through 2040 unless earlier terminated.

Quotas provided in the proposed extension are expected to be adequate to support the Company’s long term strategic goals and to permit enriched uranium delivered during the remaining term of the Company’s contract with TENEX to be imported to supply U.S. utilities, thereby securing a key part of Centrus’ diverse supply base for the benefit of its customers and providing the revenues needed by Centrus to support its work on high-assay low-enriched uranium (HALEU) and other advanced technology projects in the United States. If signed, the extension is expected to avoid the risk of a restart of the Commerce Department’s suspended 1992 antidumping case, which could have led to the imposition of duties on Russian imports. There can be no assurance that the agreement to extend the RSA will be signed or that material changes will not be made to the agreement. For further information on the risks and uncertainties discussed in this and our other filings with the Securities and Exchange Commission, including under Part 1. Item1A - “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2019, and our quarterly reports on Form 10-Q.

The Press Release issued by the Commerce Department on September 12, 2020, and the Company’s posting on its website furnished as Exhibits hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits

SIGNATURE