BUZZ-Oklo surges on US nod for surplus plutonium nuclear fuel initiative

Oklo Inc. Class A

Oklo Inc. Class A

OKLO

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** Shares of Sam Altman-backed nuclear technology company Oklo OKLO.N gain 9.3% to $72.14 premarket

** Co is selected by the U.S. Department of Energy for advanced negotiations under the Surplus Plutonium Utilization Program

** The program aims to make designated surplus plutonium material available to industry participants and enable the conversion of those materials into fuel for advanced nuclear reactors, subject to U.S. security, safeguards and material accountability requirements

** In partnership with newcleo, a European developer of advanced nuclear reactors, Oklo would lead the utilization of surplus plutonium, while newcleo would bring relevant fuel experience and potential project capital

** As of last close, OKLO down 8.1% YTD


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