NuScale Power falls on partnership with Curio and Framatome
SMR•NuScale shares fall after fuel-supply partnership MOU
Shares of nuclear technology developer NuScale Power were down about 4% at $9 in premarket trading after the company signed a memorandum of understanding with Curio and Framatome to evaluate an integrated nuclear fuel solution designed to strengthen America's nuclear fuel supply chain.
Under the agreement, the three companies will evaluate source-to-product and source-to-fuel pathways for materials recoverable through Curio's proprietary NuCycle technology.
As part of the MOU, the companies will conduct technical assessments, feasibility studies, supply chain analyses, and interface evaluations to identify potential opportunities for future development agreements and commercial partnerships.
As of the last close, SMR was down 34% year to date.
