Oklo initiates readiness assessment with US nuclear regulator; shares rise

Shares of Sam Altman-backed nuclear startup Oklo OKLO.N rise ~5% to $28.50 premarket

Co says it is initiating a Pre-Application Readiness Assessment with U.S. Nuclear Regulatory Commission (NRC) for its Aurora Powerhouse reactors

The assessment will begin in late March, and is designed to address the content of the first phase of Oklo's combined license application submission (COLA) for the reactors

"The readiness assessment allows NRC staff to review and familiarize themselves with Oklo's licensing materials ahead of the full application review" - Oklo says

As of last close, stock is up ~28% YTD