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Money Talk

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Oklo Signs Multi-Year HALEU Supply Deals With Centrus

Oklo has agreed to buy high-assay low-enriched uranium from Centrus Energy under multi-year contracts that also support additional U.S. enrichment capacity. Deliveries are scheduled to begin in 2029, supplying fuel for the company’s planned power projects.

Oklo Signs Multi-Year HALEU Supply Deals With Centrus

The definitive agreements include prepayments for future HALEU deliveries and finalize a letter of intent the companies signed in June, Oklo said. The purchases are backed by a prepayment from Meta Platforms for power production at Oklo’s planned 1.2-gigawatt campus in Ohio.

Oklo expects the fuel to support up to five of its Aurora powerhouses for several years. Chief Executive Jacob DeWitte said the contracts would serve the company’s initial Ohio deployments and provide fuel for future Aurora units.

“Meta’s support helps advance fuel procurement for the Ohio campus and our work to deliver new, clean, reliable power to the grid,” DeWitte said.

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