Oklo rises for the week after Centrus fuel agreement draws attention to nuclear supply concerns
Oklo Inc shares climbed in the shortened week after the advanced nuclear company signed a fuel supply letter with Centrus Energy. Investors saw the move as progress on the fuel supply challenge for next-generation reactors. The stock finished Thursday at $61.17, up 4.0% for the day and about 6.4% above last Friday’s close. U.S. markets were closed Friday for Juneteenth and will stay shut through the weekend. Oklo’s story is shifting now—from policy talk to proof in the supply chain. High-assay low-enriched uranium, or HALEU, is uranium with enrichment levels between 5% and less than 20% uranium-235. Many advanced reactor designs use it to pull more energy from smaller cores.