Oklo Rises After DOE Clears Groves-1 for Unrestricted Operations

Oklo shares climbed 7.2% to $26.90 in premarket trading Wednesday after the Department of Energy cleared the company to begin unrestricted operations at its Groves Isotope Test Reactor, known as Groves-1.

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The clearance moves the facility into its research, testing and training phase, Oklo said. The company plans to test capabilities that could be relevant to future isotope reactors and its fast-fission reactors.

Operating experience at Groves-1 is expected to inform Groves-2 Forge, Oklo’s planned isotope production and processing pilot facility, the company said. Despite Wednesday’s premarket gain, Oklo shares were down 65% for the year at Tuesday’s market close.

Oklo Rises After DOE Clears Groves-1 for Unrestricted Operations

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