Overview
- The Department of Energy finalized an Other Transaction Agreement with Oklo to begin work on a radioisotope pilot reactor under its Reactor Pilot Program.
- Oklo’s Atomic Alchemy subsidiary will lead the pilot effort and has withdrawn its NRC construction-permit application for the proposed Meitner-1 facility in Idaho to concentrate resources.
- Oklo shares logged a five-day rally of roughly 33%–36%, lifting market value by about $3.9 billion, according to market reports.
- InvestingLive reported that Meta agreed to prepay for power tied to a proposed 1.2 GW nuclear campus in Ohio, with the headline sending Oklo up more than 20% in premarket trading.
- Policy momentum includes a House Energy Subcommittee hearing on nuclear licensing and deployment and a $2.7 billion federal initiative to expand domestic uranium enrichment, while Oklo remains pre-revenue with about $1.2 billion in cash.