Oklo shares rise 7% after selection for US DOE plutonium fuel program

Oklo's shares jumped 7% after the US Department of Energy selected the company for advanced talks under the Surplus Plutonium Utilization Program. This federal initiative aims to convert surplus plutonium into fuel for advanced nuclear reactors, supporting Oklo's fuel strategy amid domestic fuel supply challenges. Oklo will collaborate with European firm newcleo to develop this fuel pathway, which could help accelerate advanced reactor deployment. While the program adds fuel options, analysts note it is a long-term opportunity requiring regulatory approvals and is unlikely to change Oklo's near-term project timelines.