Oklo gains after being selected for DOE for Surplus Plutonium Utilization Program

Oklo (NYSE:OKLO) shares jumped on Tuesday after the company said it has been selected by the US Department of Energy (DOE) for advanced negotiations under the Surplus Plutonium Utilization Program, a federal initiative aimed at converting designated surplus plutonium into fuel for advanced nuclear reactors. The program is designed to make surplus plutonium available to selected industry participants, subject to US security, safeguards and material accountability requirements, and enable its conversion into reactor fuel as part of broader advanced nuclear development efforts.