Oklo Says Proposed Acquisition Target to Provide Fuel for Radioisotope Power Systems

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Oklo Says Proposed Acquisition Target to Provide Fuel for Radioisotope Power Systems

MT Newswires Live11-21 23:08

Oklo (OKLO) said Thursday that Atomic Alchemy, which it plans to acquire in an all-stock transaction, has signed a memorandum of understanding with Zeno Power Systems to provide it with strontium-90, americium-241, and other radioisotopes to power radioisotope power systems.

Financial terms weren't disclosed.

Oklo's recycling processes can produce these radioisotopes as coproducts, the company added.

Price: 21.11, Change: +0.16, Percent Change: +0.75

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