Oklo Stock Rises on $1.68 Billion Nuclear Fuel Facility Announcement

Oklo (OKLO) shares gained 1.4% in after-hours trading following the company's unveiling of a $1.68 billion nuclear fuel recycling facility in Tennessee. The Oak Ridge site will produce metal fuel for Oklo's Aurora reactors, with operations slated to begin in the early 2030s.

The project positions Oklo at the nexus of nuclear energy and artificial intelligence, with strategic partnerships developing data center cooling solutions. Two of the company's reactor designs were selected for the U.S. Department of Energy's pilot program—more than any competitor.

Despite a 3.7% decline during Thursday's regular session after increasing its stock offering to $540 million, Oklo's shares have surged over 225% year-to-date. The fuel facility addresses critical supply chain constraints facing next-generation nuclear reactors.