Oklo contracts Centrus for fuel

Oklo Inc. (OKLO) reported Q3 progress, including Aurora-Idaho construction, Groves-1 reactor completion, and regulatory advances. However, it also reported a $123.3M net loss, heavy cash use, and project dependencies. Key milestones include DOE approvals, fuel fabrication, and potential revenue from power sales and isotopes. The company holds $3.1B in cash and equivalents, with unchanged cash-use guidance.

Oklo and Centrus Energy signed multi-year contracts for high-assay low-enriched uranium. The fuel will support Oklo's 1.2 GW nuclear campus in Ohio, with deliveries starting in 2029.

AMD (AMD) and Broadcom (AVGO) shares rose 6% after Nvidia's CEO Jensen Huang resigned. Analysts upgraded AMD, citing potential gains from Nvidia's customers. AMD's revenue is expected to nearly triple from 2025 to 2027, with demand outpacing supply. Meanwhile, speculative AI stocks like IonQ (IONQ) and SoundHound (SOUN) fell.

Centrus Energy (LEU) signed multi-year contracts to supply HALEU to Oklo for its Ohio power campus, starting in 2029. The agreements cover fuel for up to five Aurora powerhouses and include prepayments from Oklo. Centrus has secured $5.4 billion in contracts for LEU and HALEU, supporting its expansion. (Source: SEC filing)

CENTRUS ENERGY CORP (LEU) filed an SEC Form 8-K — Other Events. Oklo, Centrus Secure Fuel Supply for Aurora Powerhouse Deployment in Ohio Definitive purchase agreements include meaningful prepayments and advances Oklo’s planned 1.2 GW Ohio campus with Meta; fuel deliveries beginning in 2029. Secures fuel to power up to five Aurora powerhouses

Oklo Inc. (OKLO) and Centrus Energy (LEU) signed contracts for HALEU deliveries starting in 2029 to support Oklo's Ohio power campus. The agreements include prepayments from Oklo, backed by Meta's prepayment, to aid Centrus' uranium enrichment capacity expansion. Centrus has $5.4B in uranium contracts.