Oklo and Centrus Explore Joint Venture to Expand US Nuclear Fuel Supply

Oklo Inc. (NYSE:OKLO) ("Oklo"), an advanced nuclear technology company, and Centrus Energy Corp. (NYSE:LEU) ("Centrus"), a uranium enrichment and nuclear fuel services provider, announced today that the companies have agreed to pursue discussions regarding a joint venturefocused on deconversion services for high-assay low-enriched uranium (HALEU) and the advancement of related fuel-cycle technologies and supply chains. Activities under this joint venture would occur at Centrus' Piketon site in Pike County, southern Ohio, co-located with Centrus' enrichment operations and adjacent to Oklo's planned 1.2 GW power campus.

 

After mined uranium is processed and enriched, it must be converted into a different chemical form such as uranium oxide or uranium metal—a step known as deconversion—before it can be fabricated into fuel to power advanced reactors. The potential joint venture would aim to enable an integrated and efficient coupling of uranium enrichment and deconversion to improve efficiency and costs through co-location and expand domestic advanced nuclear fuel capacity to serve Oklo's needs and broader U.S. nuclear deployment.