Problems are accumulating with the logistics of uranium.

OceanWall provided further evidence that it is more difficult for Kazatomprom to transport U3O8 westward, as the cost of shipping via the Caspian route is 20 times higher than via the conventional route via St. Petersburg. 

In July, we will find out if there will be a new permit from Canada to import class 7 radioactive material from St. Petersburg. 

To complicate matters further, empty uranium containers are piling up in the US, creating a shortage in Russia, further limiting the supply of Russian nuclear fuel. In the event that this exception is not granted, it is possible that Tenex may invoke force majeure.