Oklo Inc. ( OKLO ) shares are trading higher Thursday after the company completed the U.S. Nuclear Regulatory Commission’s pre-application readiness assessment for Phase 1 of its combined license application for the Aurora Powerhouse.

What To Know: The U.S. Nuclear Regulatory Commission (NRC) confirmed there were no significant gaps in Oklo's ( OKLO ) Phase 1 application that would prevent it from being accepted. The agency also provided observations to help streamline the review process once the formal application is submitted.

Oklo ( OKLO ) plans to build its first commercial Aurora powerhouse at the Idaho National Laboratory and aims to submit the Phase 1 license application later this year. The company said the completion of the readiness assessment reflects its ongoing engagement with the NRC since 2016 and supports a clear and efficient licensing pathway.

In addition to securing an approved Quality Assurance Program Description, Oklo ( OKLO ) has advanced key licensing components including safety analysis, component classification and operational protocols.

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OKLO Price Action: At the time of publication, Oklo ( OKLO ) stock is trading 1.44% higher at $65.30, according to data from Benzinga Pro.

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