Oklo, the nuclear power start-up, announced Tuesday that it had entered into a partnership to explore ways to recycle and reprocess nuclear fuel on a shared campus.Oklo said it had signed a memorandum of understanding with nuclear fuel developer Lightbridge to evaluate plans to co-locate their commercial fuel fabrication facilities.

Lightbridge and Oklo have signed a memorandum of understanding (MoU) for fuel fabrication facilities and advanced fuel recycling.

Two much-watched advanced nuclear fuel technology companies—Oklo and Lightbridge—will consider co-locating their commercial metallic fuel fabrication facilities to explore synergies and potentially accelerate innovation across the nuclear supply chain.

RESTON, Va., Jan. 28, 2025 (GLOBE NEWSWIRE) -- (“Lightbridge”) (Nasdaq: LTBR), an advanced nuclear fuel technology company, today announced the signing of a Memorandum of Understanding (“MOU”) with Oklo Inc.

Advanced nuclear fuel company Lightbridge and nuclear power plant developer Oklo have signed a memorandum of understanding for a feasibility study into co-locating their planned fuel fabrication facilities and to explore potential for collaboration in recycling nuclear waste.

Shares of Oklo Inc. (OKLO) and Lightbridge Corp. (LTBR) surged more than 5% in pre-market trade on Tuesday after the two companies signed a memorandum of understanding (MOU) to collaborate on advanced fuel recycling.

Oklo (NYSE:OKLO) said Tuesday it signed a memorandum of understanding with Lightbridge (LTBR) to conduct a feasibility study to co-locate a Lightbridge commercial-scale fuel fabrication facility at Oklo's proposed commercial fuel fabrication plant and to explore ways to recycle nuclear waste.