Shares of Oklo Inc. (OKLO) soared 5.67% in pre-market trading on Monday, as the company announced its engagement with the US Nuclear Regulatory Commission for a pre-application readiness assessment of its Aurora power plant at the Idaho National Laboratory.

The nuclear technology company stated that the assessment, set to begin later this month, will allow regulators to review Oklo's licensing materials ahead of the full application review. This strategic move is aimed at streamlining the formal review process and ensuring an efficient path forward for the company's ambitious nuclear power project.

Oklo emphasized the importance of this step, noting that "The readiness assessment helps streamline the formal review process and ensure an efficient path forward." The company also revealed its plans to submit a formal combined license application later this year, signaling continued progress in its nuclear energy initiatives. This proactive approach to regulatory compliance appears to have resonated positively with investors, driving the pre-market rally.