Shares of Oklo Inc., a nuclear energy technology company, soared by 12.32% on Tuesday morning, driven by the growing demand for advanced nuclear reactors and the company's favorable position in the industry.

The stock rally came after Centrus Energy Corp., the sole provider of high-assay, low-enriched uranium (HALEU) in the Western world, announced plans to expand its uranium enrichment capabilities to meet the emerging demand for advanced nuclear reactors fueled by HALEU. As a developer of compact advanced fission reactors, Oklo is poised to benefit from this rising interest in nuclear energy as countries seek to reduce their reliance on fossil fuels and transition to cleaner energy sources.

With its cutting-edge technology and the increasing demand for HALEU, Oklo is well-positioned to capitalize on this growing market. The company's surge in stock price reflects investors' optimism about the future of nuclear energy and Oklo's potential to play a significant role in this emerging industry.