Oklo, Centrus Energy to Explore Joint Venture for Nuclear Fuel Services
MT Newswires Live
Mar 09
Oklo (OKLO) and Centrus Energy (LEU) said Monday they plan to explore a joint venture focused on deconversion services for high-assay low-enriched uranium.
The proposed joint venture would operate from Centrus' Piketon site in Pike County, Ohio, co-located with its enrichment operations and adjacent to Oklo's planned 1.2 gigawatt power campus, the companies said.
Co-locating enrichment and deconversion could improve efficiency and expand domestic capacity for advanced reactor deployment, the companies said.
Financial terms were not disclosed.
Oklo shares were down 2.3% in premarket trading, while Centrus Energy was 2.2% lower.
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