LTBR

Q2 Financial Performance: Oklo Inc reported a second-quarter loss of 18 cents per share, exceeding estimates, with operating losses of $28 million primarily due to payroll and business expenses. The company ended the quarter with $226.8 million in cash and marketable securities totaling $456.2 million.

Future Plans and Collaborations: Oklo aims to submit Phase 1 of its combined license application for the Aurora powerhouse by early Q4, with commercial operations expected by late 2027 or early 2028. Additionally, they announced a collaboration with Lightbridge Corp to explore co-locating a fuel fabrication facility and developing advanced fuel supplies.

Strategic Collaboration: Oklo and Lightbridge have formed a strategic partnership to explore the co-location of a fuel fabrication facility within Oklo's planned advanced fuel manufacturing site, aiming to enhance the commercialization of advanced nuclear fuels.

Joint R&D Hub: The proposed facility will not only focus on commercial fuel production but also serve as a research and development hub for advanced fuel technologies, emphasizing U.S. leadership in nuclear fuel manufacturing and recycling.

Successful Development of Lightbridge Fuel™: Lightbridge Corporation has successfully fabricated coupon samples using enriched uranium-zirconium alloy, a significant milestone in the development of its next-generation nuclear fuel technology aimed at enhancing reactor performance and safety.

Collaboration with Idaho National Laboratory: The fabricated samples will undergo irradiation testing at INL's Advanced Test Reactor as part of a cooperative agreement, which is crucial for generating data to support regulatory licensing and commercialization efforts for Lightbridge Fuel™.