Lightbridge (LTBR) said Tuesday that it signed a memorandum of understanding with Oklo (OKLO) to consider co-locating a Lightbridge commercial-scale nuclear fuel fabrication facility at Oklo's proposed commercial fuel fabrication facility and to explore collaboration in recycling nuclear waste.

Lightbridge President and Chief Executive Seth Grae said the co-location proposal "could offer significant synergies in terms of upfront capital expenditures and ongoing operating costs."