Oklo Signs Agreement With Nuclear Fuel Company

<p><span class&equals;"bw-dateline-wrapper"><strong>RESTON&comma; VA<&sol;strong> &&num;8211&semi; <&sol;span>Lightbridge Corporation&comma; an advanced nuclear fuel technology company&comma; announced the signing of a Memorandum of Understanding &lpar;&OpenCurlyDoubleQuote;MOU”&rpar; with Oklo Inc&period;&comma; nuclear power and fuel recycling company&period; The MOU outlines plans to conduct a feasibility study for co-locating a Lightbridge Commercial-scale Fuel Fabrication Facility at Oklo’s proposed commercial fuel fabrication facility and to explore opportunities for collaboration in recycling nuclear waste&period;<&sol;p>&NewLine;<p>Seth Grae&comma; President and CEO of Lightbridge&comma; said&colon; &OpenCurlyDoubleQuote;This collaboration with Oklo represents an important strategic step in shaping the future of clean energy&period; The potential co-location of our commercial fuel fabrication facilities could offer significant synergies in terms of upfront capital expenditures and ongoing operating costs&period; Furthermore&comma; exploring advanced fuel recycling opportunities with Oklo aligns perfectly with our commitment to sustainable nuclear energy solutions&period;”<&sol;p>&NewLine;<p>Jacob DeWitte&comma; Co-founder and CEO of Oklo added&comma; &OpenCurlyDoubleQuote;Collaborating with Lightbridge represents a unique opportunity to accelerate innovation across the nuclear supply chain&period; The potential to co-locate facilities and collaborate on cutting-edge technologies is aligned with our commitment to delivering cost-effective&comma; carbon-free energy solutions&period; Together&comma; we are exploring new frontiers in nuclear fuel development and recycling to ensure a cleaner and more sustainable energy future&period;”<&sol;p>&NewLine;<p>Lightbridge is developing Lightbridge Fuel&comma; a proprietary next-generation nuclear fuel technology for existing light water reactors and pressurized heavy water reactors&comma; significantly enhancing reactor safety&comma; economics&comma; and proliferation resistance&period; Lightbridge is also developing Lightbridge Fuel for new small modular reactors &lpar;SMRs&rpar; to bring the same benefits plus load-following with renewables on a zero-carbon electric grid&period;<&sol;p>&NewLine;