Oklo Inc (NYSE:OKLO), an advanced nuclear technology company, stock rose 4.69% (As on August 12, 11:21:25 AM UTC-4, Source: Google Finance) after the company reported a wider loss than expected following a jump in expenses. OKLO in the second quarter of FY25 has reported fiscal Q2 loss of $0.18 a share, narrowing the the $0.27 a loss per share in the same period a year ago. Analysts expected a loss of about $0.12 per share. The loss was driven by feel associated with the capital raise and an $11.4M of non-cash stock-based compensation expense. Operating expenses jumped to $28M, up from $17.8M a year earlier, primarily due to compensation, general business expenses, and professional fees related to fundraising, including approximately $11.4 million in non-cash stock compensation expenses. The company has strong balance sheet with cash and marketable securities of ~$683 million

Moreover, Oklo stated that it plans to submit the first phase of the combined license application for its Aurora power station at the beginning of the fourth quarter and expects to start preliminary construction activities in the third quarter. The company aims to achieve commercial operation of its first nuclear power plant by the end of 2027 or early 2028. Additionally, Oklo announced a global strategy partnership with Fuel Tech company $Lightbridge (LTBR.US)$ to explore the possibility of co-establishing a Lightbridge fuel manufacturing plant within Oklo’s planned advanced fuel manufacturing infrastructure. The site will also serve as a joint research and development center for advanced fuels. The company is building infrastructure that will help drive the development and deployment of new nuclear energy. This collaboration supports the efforts to strengthen the supply of advanced reactor fuel in the near and medium term by utilizing traditional materials such as low-enriched uranium and repurposed plutonium. This aligns well with the federal government’s strong support for domestic fuel independence.

Meanwhile, Kiewit selected as lead constructor for the Aurora at Idaho National Laboratory (Aurora-INL). NRC accepts Oklo’s licensed operator topical report for review Completed Phase I of the NRC preapplication readiness assessment Alchemy begins site characterization work. The company is targeting commercial operations between late 2027 and early 2028, pending regulatory approvals and construction progress. Oklo and Hexium partnership to explore a laser-based enrichment process. Liberty Energy partnership is expected to launch next-generation integrated power solution. Oklo and Korea Hydro & Nuclear Power (KHNP) collaboration Oklo and Vertiv partner to advance solutions for U.S. data centers.