Lightbridge Shares Gain on Partnership Study With Oklo

Dow Jones01-23

By Katherine Hamilton

Shares of Lightbridge climbed after the company said it is looking into a partnership with small modular reactor company Oklo.

Lightbridge stock rose 30%, to $9.30, midday Thursday. The shares have roughly tripled over the past 12 months.

The Reston, Va., company said Thursday it plans to conduct a feasibility study of operating a commercial-scale fuel-fabrication facility at the same location as Oklo's proposed fuel-fabrication facility. The study would explore opportunities to collaborate on reprocessing and recycling spent uranium-zirconium fuel.

Both companies specialize in nuclear fuel, which is facing rising demand from energy-hungry artificial intelligence and cloud computing.

Oklo, which is backed by OpenAI Chief Executive Sam Altman, received approval from the Energy Department in October to keep moving forward on a fuel-fabrication project in Idaho.

Oklo shares were 15% higher, at $39.33, in Thursday trading.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

January 23, 2025 14:08 ET (19:08 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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