OKLO News & Events

Oklo (OKLO) and Centrus Energy (LEU) announced a Letter of Intent under which Centrus agrees to supply enough domestic high-assay low-enriched uranium to power up to five Aurora powerhouses for multiple years, with deliveries to Oklo scheduled to begin in 2029. Centrus will supply HALEU from its American Centrifuge Plant in Pike County, Ohio to support Oklo's planned 1.2 GW power campus in the region. The agreement, which anticipates a further definitive contract, brings together domestic fuel supply, planned advanced nuclear power generation, customer demand, and project execution in southern Ohio while strengthening fuel certainty for Oklo's planned Aurora powerhouse deployments at a time when access to domestically sourced HALEU remains one of the central constraints facing the advanced nuclear sector. The Letter of Intent could include prepayments from Oklo to Centrus to support fuel supply for Oklo's planned campus buildout and will be further negotiated in a future definitive agreement. It follows Oklo's January 2026 announcement with Meta, which included prepayment to advance project certainty for Oklo's planned Aurora powerhouse campus. Centrus plans to leverage billions in private capital along with the previously announced $900 HALEU task order from the U.S. Department of Energy.

Oklo (OKLO) and Centrus Energy (LEU) announced a Letter of Intent under which Centrus agrees to supply enough domestic high-assay low-enriched uranium (HALEU) to power up to five Aurora powerhouses for multiple years, with deliveries to Oklo scheduled to begin in 2029. Centrus will supply HALEU from its American Centrifuge Plant in Pike County, Ohio to support Oklo's planned 1.2 GW power campus in the region. The agreement, which anticipates a further definitive contract, brings together domestic fuel supply, planned advanced nuclear power generation, customer demand, and project execution in southern Ohio while strengthening fuel certainty for Oklo's planned Aurora powerhouse deployments at a time when access to domestically sourced HALEU remains one of the central constraints facing the advanced nuclear sector. The Letter of Intent could include prepayments from Oklo to Centrus to support fuel supply for Oklo's planned campus buildout and will be further negotiated in a future definitive agreement. It follows Oklo's January 2026 announcement with Meta, which included prepayment to advance project certainty for Oklo's planned Aurora powerhouse campus. Centrus plans to leverage billions in private capital along with the previously announced $900 million HALEU task order from the U.S. Department of Energy.

Oklo and Standard Nuclear, a reactor-agnostic producer of TRISO nuclear fuel, have entered a memorandum of understanding to explore commercial collaboration on nuclear fuel recycling and advanced fuel manufacturing. As part of that collaboration, the companies also intend to work together on the safe, secure, and cost-effective utilization of U.S. surplus plutonium for advanced reactor fuel, following both companies' recent selection by the U.S. Department of Energy among five firms for advanced negotiations under its Surplus Plutonium Utilization Program. Oklo and Standard Nuclear intend to jointly evaluate product specifications, potential commercial terms, and delivery schedules for recycled materials from Oklo's planned fuel recycling facility in Oak Ridge, Tennessee. The companies intend to evaluate opportunities to collaborate on facilities, licensing, packaging, and transportation to support secure, cost-effective conversion of surplus plutonium into advanced reactor fuel for clean, baseload electricity. Oklo's planned fuel recycling facility in Oak Ridge, Tennessee aims to support a commercial pathway for recovering selected materials from used fuel for advanced fuel manufacturing and isotope applications, including for healthcare, industrial, space, defense, and research uses.

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.BANK PROBE:The Justice Department has sent far-ranging subpoenas to several of America's largest banks including JPMorgan Chase, Bank of Americaand Wells Fargo, requesting information about whether they "debanked" clients, or improperly closed customer accounts for political reasons, The Wall Street Journal's Dylan Tokar and Gina Heeb, citing people familiar with the matter. The subpoenas from the U.S. Attorney's Office in Washington, D.C., headed by Jeanine Pirro, escalate a campaign by President Trump to root out evidence that banks allegedly discriminated against conservatives and politically controversial industries, including his own family, the authors note.PRODUCTION MEETING:The leaders of roughly seven defense companies have been preparing to meet with President Donald Trump at the White House later this week for a discussion about ways to swiftly increase their production of weaponry for the Pentagon, people familiar with the matter told' Gordon Lubold, Courtney Kube and Carol Lee. Publicly traded defense contractors include BAE Systems, Boeing, GE Aerospace, General Dynamics, HII, L3Harris Technologies, Lockheed Martin, Northrop Grummanand RTX.U.S.-IRAN CONFLICT:President Donald Trump stated in a Truth Social, "The United States will be hitting Iran (Whose Navy, Air Force, Radar, Anti Aircraft, and all other forms of Defense, together with most its offensive capability, are GONE!), VERY HARD TONIGHT. At some point in the not too distant future, we will be taking Kharg Island, and other oil infrastructure points, and assume total control of their Oil and Gas Markets, much like we have with Venezuela, which is working out brilliantly for both Venezuela and the United States of America. Thank you for your attention to this matter!"AURORA POWERHOUSE:Okloannounced that the U.S. Department of Energy's, DOE's, Idaho Operations Office has approved the Preliminary Documented Safety Analysis, PDSA, for Oklo's Aurora powerhouse at Idaho National Laboratory, INL, under DOE's Reactor Pilot Program, RPP. "This approval represents an important milestone for Aurora-INL and helps establish a foundation for future Aurora deployments," said Jacob DeWitte, co-founder and CEO of Oklo. "Aurora-INL is helping show how advanced reactors can move through real safety review, real construction, and ultimately into commercial licensing."