SANTA CLARA, Calif.– Oklo Inc. (NYSE: OKLO), an advanced nuclear technology company, announced today that it has closed the acquisition of Atomic Alchemy Inc. (“Atomic Alchemy”), a leading innovator in radioisotope production. Atomic Alchemy is pioneering a resilient U.S.-based radioisotope supply chain with its proprietary production and recovery technologies, including its Versatile Isotope Production Reactor (VIPR®) technology. This strategic acquisition enhances Oklo’s capabilities to establish a reliable domestic supply chain for high-value radioisotopes critical to healthcare, research, and defense sectors and provides synergies to Oklo’s fuel recycling and nuclear energy businesses.
Radioisotopes produced from Oklo’s fast reactor and fuel recycling technologies are essential for applications across healthcare, energy, industry, and technology and are expected to represent a $55.7 billion market opportunity by 2026, according to Research Nester. Demand for radioisotopes is expected to increase significantly over the next decade, while global supply struggles to keep pace due to aging reactor infrastructure and a fragmented global supply chain, which at present is dominated by countries outside the United States. Atomic Alchemy intends to be a low-cost U.S. radioisotope producer that can provide a secure and domestic supply of radioisotopes to U.S. companies commercializing innovative radioisotope applications.
“Oklo aims to address growing market demand for radioisotopes through reliable, U.S.-based radioisotope production facilities that leverage our power and fuel recycling technologies,” said Jacob DeWitte, Co-Founder and CEO of Oklo. “With this acquisition complete, we are excited to expand our capabilities in commercial radioisotope production.”
Oklo acquired Atomic Alchemy on February 28th, 2025, for $25 million in an all-stock transaction. Atomic Alchemy will operate as an Oklo subsidiary and continue to operate under its Atomic Alchemy brand. The acquisition is expected to have minimal immediate impact on Oklo’s operating costs and 2025 outlook. The company intends to provide more details about the acquisition on its Full Year 2024 Company Update call.
