Chile Lithium Expansion Cleared by Little-Known Nuclear Agency
The Chilean Nuclear Energy Commission, or CCHEN by its Spanish initials, approved a request by Codelco for extraction at the Atacama salt flat operation — currently controlled by SQM — from 2031 to 2060.
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Yahoo
2 hours ago
- Yahoo
Why Is Oklo Stock Still Going Down?
Key Points Oklo won some important Department of Energy contracts on Wednesday. It was far from the only nuclear company picking up DOE contracts, however. Investors are probably extra nervous today, however, over the risk of interest rates remaining high. 10 stocks we like better than Oklo › Shares of Oklo (NYSE: OKLO), one of a handful of start-up nuclear power companies benefiting from President Trump's May 2025 initiative to accelerate development of small modular reactors, fell more than 1% Wednesday, and are down another 6.1% through 11:45 a.m. ET Thursday morning. -- apparently on no particularly bad news. Worse, Oklo actually got good news (but not great news) yesterday that probably should have moved the stock higher. Instead, Oklo keeps falling. So what's up with that? What's up with Oklo going down? Yesterday, Oklo won three Department of Energy (DOE) "Reactor Pilot Program" contracts aiming to start up three small modular reactors by July 4, 2026. At first, this sounded like great news -- except that eight other companies won the same kind of contract. Apparently, Oklo's not in quite as exclusive company as first seemed, and has a smaller chance of winning future work than initially seemed the case. Oklo stock, which started Wednesday up on the DOE news, ended the day down -- and yesterday's pessimism seems to be continuing into today. Adding to the malaise is a Bureau of Labor Statistics report today that suggests inflation is speeding up again, which lessens the likelihood the Federal Reserve will be able to lower interest rates this year. Is it time to sell Oklo stock? Why are higher interest rates bad news for Oklo? Well, they aren't actually -- not immediately. Oklo's burning more than $50 million in cash annually, and may eventually have to take on debt to fund its operations, at which point, interest rates will be an issue. With more than $500 million in the bank, however, and near-zero debt, interest rates aren't really a concern to Oklo... yet. And I see no immediate need to sell the stock on interest rate concerns alone. Should you buy stock in Oklo right now? Before you buy stock in Oklo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Oklo wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $649,544!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,113,059!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Is Oklo Stock Still Going Down? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
4 hours ago
- Bloomberg
Switzerland Moves to Lift Ban on New Nuclear Power Plants
The Swiss government has presented draft legislation to end its ban on building new nuclear power plants, reversing a policy adopted in 2018 to phase out the technology. The plan, a counter-proposal to the popular initiative 'Stop the Blackout', would allow companies to apply for licenses to construct reactors — if approved by parliament and upheld in a potential referendum.
Yahoo
7 hours ago
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India plans to end state monopoly on uranium mining
The Indian Government is preparing to end a long-standing state monopoly over its nuclear sector by allowing private companies to mine, import and process uranium, reported Reuters, citing government sources. This strategic move is aimed at supporting the country's ambitious plan to increase nuclear power production capacity twelvefold by 2047, which would account for 5% of India's total power needs. Until now, the state has exclusively controlled uranium mining, imports and processing due to concerns over nuclear material misuse, radiation safety and strategic security. However, the government will maintain control over the reprocessing of spent uranium fuel and managing plutonium waste, aligning with global practices. To address the anticipated surge in nuclear fuel demand, the government is developing a regulatory framework to permit private Indian companies to engage in the uranium sector. The policy is expected to be made public within the current fiscal year and will also allow private entities to supply critical control system equipment for nuclear power plants. India's estimated uranium reserves of 76,000 tonnes (t) could fuel 10,000 megawatts (MW) of nuclear power for 30 years, according to government data. However, domestic resources are projected to meet only around 25% of the increased demand, necessitating imports and an expansion of processing capabilities. While announcing the budget earlier this year, the government revealed its plans to open the sector, without providing detailed information. This reportedly prompted major Indian conglomerates to start formulating investment plans. To facilitate private participation, New Delhi is required need to amend five laws, including those governing mining, electricity sectors and foreign direct investment policies. Last month, India unveiled a strategic plan to incentivise foreign companies to establish smelters and refineries, aiming to boost copper production and reduce import dependency by 2047. This includes incentives for state-owned Indian companies to invest in the mining operations of foreign entities. "India plans to end state monopoly on uranium mining" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
