Lightbridge Corporation (NASDAQ: LTBR) and Oklo Inc. (NYSE: OKLO) announced they are exploring the potential co-location of a Lightbridge fuel fabrication facility within Oklo's planned advanced fuel manufacturing facility.

The collaboration operates under a memorandum of understanding signed earlier this year. The companies are jointly assessing the feasibility of commercial-scale fuel fabrication within Oklo's planned fuel manufacturing infrastructure, including manufacturing fuel using repurposed plutonium from legacy materials.

The announcement follows White House executive orders issued in May 2025 that prioritize accelerating U.S. nuclear energy deployment. The directives included a call for the Secretary of Energy to establish a program to process surplus plutonium and make it available for advanced reactor fuel.

The proposed co-located facility would support production of advanced fuels for both fast reactors and light water reactors. The site would also serve as a joint research and development hub for advanced fuel development.

"We're building the infrastructure to help fuel new nuclear development and deployment," said Jacob DeWitte, co-founder and CEO of Oklo. "This collaboration supports our efforts to bolster near- and mid-term advanced reactor fuel supplies with legacy materials such as down-blended uranium and repurposed plutonium."

Seth Grae, president and CEO of Lightbridge Corporation, stated the joint effort reflects a shared vision for a modern nuclear fuel cycle that supports both existing and advanced reactors.

Oklo develops fast fission power plants and was the first to receive a site use permit from the U.S. Department of Energy for a commercial advanced fission plant. Lightbridge focuses on developing advanced nuclear fuel technology for existing light water reactors and small modular reactors.