finance
Oklo Selected for DOE Plutonium Repurposing Negotiations
Oklo shares rose 7 percent after the Department of Energy chose the company for advanced talks on converting Cold War-era plutonium into reactor fuel. The move is part of the Surplus Plutonium Utilization Program and includes a partnership with European firm newcleo.
May 26, 12:00 PM·1m read1 source
SE
benzinga.comAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Oklo shares rose 7 percent after the Department of Energy selected the company for advanced negotiations to repurpose legacy Cold War-era plutonium. The DOE's Surplus Plutonium Utilization Program aims to recycle material previously designated for disposal and convert it into fuel for advanced commercial reactors.
Oklo is partnering with European developer newcleo to build domestic fuel fabrication facilities, with the project expected to draw up to $2 billion in transatlantic investment.
Small modular reactor developers have reported difficulties obtaining fuel. The program is intended to supply material while new enrichment capacity is developed. Seeking Alpha's quantitative metrics rate the stock a hold, citing pre-revenue risks and valuation alongside an A+ score for fundamental growth momentum. Oklo has signed gigawatt-scale power agreements with Meta and Equinix.
Transparency
How sources framed this
SE
SE
Single source — no framing comparison available.
CorroborationModerate · 1 source
