Shares of Oklo Inc. (OKLO) gained on Tuesday morning after the company announced a key agreement with the U.S. Department of Energy to advance its first reactor project.
The stock is currently trading at $64.25, up $4.59 or 7.69%, on the NYSE. It opened at $64.96 after closing the previous session at $59.66. The stock has traded between $17.42 and $193.84 over the past 52 weeks.
Oklo said it has signed an Other Transaction Agreement (OTA) with the U.S. Department of Energy (DOE) to support the design, construction and operation of its Aurora powerhouse reactor at Idaho National Laboratory under the Reactor Pilot Program.
The DOE Idaho Operations Office also approved the Nuclear Safety Design Agreement (NSDA) for the project, marking a key step in the regulatory pathway and enabling the project to move into the next phase of execution under DOE oversight.
The Aurora-INL project is part of Oklo's broader efforts to deploy advanced fast-fission nuclear technology, with additional support from its Aurora Fuel Fabrication Facility, which will produce fuel for the reactor.
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