12:07 PM EST, 11/21/2024 (MT Newswires) -- (Updates with the latest stock movement in the last paragraph.)

Oklo ( OKLO ) said Thursday that Atomic Alchemy, which it plans to acquire in an all-stock transaction, has signed a memorandum of understanding with Zeno Power Systems to supply Zeno with strontium-90, americium-241, and other radioisotopes to power radioisotope power systems.

Financial terms weren't disclosed.

Oklo's ( OKLO ) recycling processes can produce these radioisotopes as coproducts, the company added.

The company's shares were up more than 14% in recent trading.

Price: 23.96, Change: +3.01, Percent Change: +14.37