Overview
- DOE’s Idaho Operations Office approved the Nuclear Safety Design Agreement for Oklo’s Aurora Fuel Fabrication Facility at Idaho National Laboratory, clearing a pathway to construct and operate the line under DOE oversight.
- The INL fuel facility is designated to supply Oklo’s Aurora-INL reactor selected for the DOE Reactor Pilot Program, linking near-term fuel production to its first planned powerhouse.
- Oklo said site work is advancing following a September groundbreaking, with controlled blasting slated for mid-November and full excavation targeted for January 2026.
- For the third quarter, the pre‑revenue company reported a loss of $0.20 per share and a $36.3 million operating loss, ending the period with $410 million in cash and $773.5 million in marketable securities.
- Shares rose on Wednesday as analysts highlighted regulatory momentum; Wedbush reiterated Outperform with a $150 target, Bank of America kept Neutral and cut its target to $111, and Oklo announced an R&D collaboration MOU with Battelle Energy Alliance.