BUZZ-Oklo rises on proposal to buy Atomic Alchemy

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BUZZ-Oklo rises on proposal to buy Atomic Alchemy

Reuters11-14

** Shares of nuclear fuel recycling firm Oklo rise 3.4% to $23.86 premarket

** OKLO signs a letter of intent to buy Atomic Alchemy, a U.S.-based company specializing in the production of radioisotopes, for $25 mln in an all-stock transaction

** Co says deal to help reduce the supply gap for radioisotopes, used in healthcare and technology industries

** Upon closing, prospective deal is expected to have minimal immediate impact on Oklo's operating cost structure

** Proposed transaction is not expected to impact Oklo's previously announced 2024 forecast

** As of last close, OKLO up 118.56% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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