Oklo Inc. (NYSE:OKLO) shares are trading higher Tuesday after the company announced it has been selected by the U.S. Department of Energy for advanced negotiations under the Surplus Plutonium Utilization Program.

Oklo shares are powering higher. What’s fueling OKLO momentum?

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Oklo, newcleo Pursue Advanced Fuel Deployment

The program is intended to make designated surplus plutonium material available to industry participants and support the conversion of those materials into fuel for advanced nuclear reactors, subject to U.S. security, safeguards and material accountability requirements.