Oklo Tumbles 3.63 as $1.68 Billion Nuclear Recycling Plant Drives 145th-Ranked Trading Volume Oklo’s Stock Falls 3.63% Amid Launch of First U.S. Privately Funded Nuclear Fuel Recycling Facility, Ranking 145th in Market Activity

Oklo (NYSE: OKLO) declined 3.63% on September 4, with a trading volume of 0.65 billion, ranking 145th in market activity. The stock’s move followed the company’s announcement of a $1.68 billion nuclear fuel recycling facility in Tennessee, projected to create over 800 jobs. This initiative marks the first privately funded U.S. facility to recycle used nuclear fuel into advanced reactor fuel, aligning with Oklo’s strategy to reduce costs and establish a domestic supply chain for clean energy. Governor Bill Lee highlighted Tennessee’s role in advancing nuclear innovation, emphasizing the state’s infrastructure and workforce as key assets.

Oklo’s project involves a multi-phase advanced fuel center, with the Tennessee facility expected to begin producing metal fuel for its Aurora reactors by the early 2030s. The company is collaborating with the Tennessee Valley Authority (TVA) to explore recycling used fuel and potential power sales, a first for a U.S. utility. CEO Jacob DeWitte underscored the significance of scaling fuel recycling to unlock energy stored in existing nuclear waste, equivalent to 1.3 trillion barrels of oil. Regulatory progress includes pre-application readiness assessments with the Nuclear Regulatory Commission, though prior hurdles, such as a rejected reactor design application, remain a backdrop.

The facility is part of Oklo’s broader strategy to position Tennessee as a hub for nuclear energy, supported by partnerships with the U.S. Department of Energy and state-level initiatives like Tennessee’s Nuclear Energy Fund. The company’s recent expansion of Aurora microreactor capacity to meet data center energy demands and prior reactor approvals in Idaho further highlight its growth trajectory. Despite challenges, including regulatory uncertainties and competition, Oklo’s focus on fuel recycling and advanced reactor deployment aims to strengthen its role in the evolving energy landscape.

Backtest results: On 2025-09-04, OKLO closed at $69.61, a -3.63% decline from the previous close of $72.29. The stock traded at $70.44 overnight, reflecting a +1.19% rebound before market close.