NuScale Power falls on partnership with Curio and Framatome
BUZZ-NuScale Power falls on partnership with Curio and Framatome ** Shares of nuclear technology developer NuScale Power SMR.N down ~4% at $9 premarket
** Co signs memorandum of understanding (MOU) 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 last close, SMR was down 34% YTD
(Reporting by Dharna Bafna in Bengaluru)
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