Shares of Oklo Inc. (OKLO), a company developing advanced nuclear reactors, soared by 28.60% on October 28, 2024, amid a broader rally in the nuclear energy sector.
The stock surge was fueled by positive news surrounding Lightbridge Corporation's (LTBR) innovative metallic nuclear fuel technology. Technical studies and experimental results presented at the TopFuel 2024 Conference demonstrated that Lightbridge's fuel operates at significantly lower temperatures compared to traditional uranium oxide fuel, providing improved safety margins and potential power uprate opportunities.
One study conducted by Structural Integrity Associates concluded that Lightbridge's metallic fuel is safer than conventional fuel, particularly in accident conditions. Additionally, Lightbridge shared results from a previous overseas test reactor experiment, where its fuel rodlets endured over 24 hours in dryout conditions during irradiation, confirming the expected performance and safety advantages.
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