Oklo raises $1.3B, adds plutonium fuel option, signs Meta prepayment deal amid rising costs

Filed March 17, 2026 · Period ending December 31, 2025 · Compared to 10-K Mar 24, 2025 · ~2 min read

Key Changes

• high

  Secured Meta prepayment agreement for 1.2 GW Ohio power campus, with Meta funding nuclear fuel procurement for first phase—converting site plan into binding commercial arrangement with major hyperscale customer.

  Business: Meta prepayment agreement verify on EDGAR →
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  Raised $1.3B via equity offerings (including $300M ATM at $88.29/share), but 2026 cash burn guidance jumps to $430-550M ($80-100M operating, $350-450M investing) vs. $65-80M opex in 2025.

  MD&A: Cash use guidance verify on EDGAR →
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  Announced $1.68B Tennessee fuel recycling facility and completed plutonium criticality experiment, diversifying fuel sources as HALEU costs rise due to tariffs, supply constraints, and sanctions.

  Business: Tennessee facility & plutonium strategy verify on EDGAR →