WASHINGTON--(BUSINESS WIRE)--May 28, 2026--
Curio ®, a leader in advanced nuclear recycling technologies, today announced it has submitted a letter of intent to the Nuclear Regulatory Commission (NRC) to establish a 10 CFR 70 docket for pre-application engagement activities and ultimately the submittal and review of an operating license application for the NuCycle® used nuclear fuel recycling production facility. Once a docket is established, the license application will be developed to meet all applicable regulations for a nuclear fuel recycling facility.
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This facility is designed to process up to 4,000 metric tons of commercial light water reactor used nuclear fuel (UNF) annually, in a modular operating concept. The products of the proprietary NuCycle process – recently validated by four DOE national laboratories – will be enrichable uranium hexafluoride (UF6), trans-uranic TRUFuel™, and valuable isotopes.
The first-of-a-kind facility design will accommodate UNF feedstock ranging from low-enriched light-water reactor fuel and high-assay, low-enriched uranium to high-enriched Department of Energy-managed fuel. It will also include a UNF feedstock staging facility to allow for a controlled process for moving the UNF into the front end of the recycling process. Site selection for the NuCycle facility is ongoing.
“The initiation of this application process marks a key and decisive moment for Curio and our nation as we commercially deploy what will be the world’s most advanced and capable used nuclear fuel recycling facility based on our game-changing NuCycle technology,” said Ed McGinnis, President & CEO of Curio.
About Curio
Curio ( https://www.curio.energy/ ) stands at the forefront of nuclear technology innovation, driving breakthroughs in sustainable nuclear power generation, fuel recycling, and waste management to usher in The 2nd Nuclear Era®. Committed to pioneering new solutions that reshape the future of nuclear energy, they are fostering partnerships and innovations that will redefine the industry for generations to come. Curio has achieved lab-scale validation across four DOE national labs, secured $14M in competitive federal grants, and partnered with Utilities Service Alliance (USA) for collaboration and supplier-partner agreement options for its 18 operating U.S. member reactors.
Scaled model of Curio's NuCycle Used Nuclear Fuel Recycling Production Facility, which upon completion will be the world’s most advanced and capable UNF facility, processing up to 4,000 metric tons of recycled commercial light water reactor fuel annually
Stock indexes were mostly rising in premarket trading on Wall Street Wednesday and oil prices rose modestly after Iran threatened to block Middle East energy exports in retaliation for the U.S. resuming its blockade of Iranian ports.
Futures for the S&P 500 inched up 0.1% before the opening bell, while futures for the Dow Jones Industrial Average were unchanged. Nasdaq futures climbed 0.5%.
Morgan Stanley shares rose 2% in premarket trading after the bank reported revenue of $21.3 billion in the second quarter and profit of $5.6 billion, both records. That follows a slew of strong reports from big U.S. banks on Tuesday, with all of them to some degree crediting their trading desks.
It marks the second straight quarter of robust results from the banks, which have benefited from market volatility since the Iran war began in late February.
Coming later Wednesday is the government's report on wholesale inflation in June.
Stock price gains overall were moderate given worries that the United States and Iran may return to an all-out war. Renewed attacks in the Middle East have raised the risks of further disruptions of transport of oil and gas through the Strait of Hormuz, pushing oil prices higher.
Iran’s paramilitary Revolutionary Guard threatened Wednesday to halt all energy exports from the Middle East over the U.S. blockade. U.S. President Donald Trump announced Monday that the blockade was resumed as an interim agreement on ending the war unraveled.
“The export of oil and gas from the region will be either for everyone or for no one,” said the statement by the Iranian side.
Brent crude, the international standard, rose 63 cents to $85.36 a barrel, while benchmark U.S. crude gained 46 cents to $79.80 a barrel.
“The U.S.-Iran Memorandum of Understanding signed last month has proved to be anything but. The two sides are once again exchanging military strikes, and they hold completely different views on the state of affairs in the Strait of Hormuz,” said Tim Waterer, chief market analyst at KCM Trade.
“With shipping around the Gulf becoming increasingly fraught with danger, traffic flows are declining once more,” he said.
In early European trading, France's CAC 40 dipped 0.2%, while the German DAX shed 0.8% and Britain's FTSE 100 declined 0.2%.
South Korea’s Kospi led gains in Asia, surging 6.2% to 7,284.41 as prices rebounded from a recent sell-off in semiconductor stocks. Shares in computer chipmaker SK Hynix rose 8.8%, while those of Samsung Electronics surged 6.3%.
Japan's benchmark Nikkei 225 rose 1.5% to finish at 68,751.51.
Australia's S&P/ASX 200 rose 0.4% to 8,841.10.
Hong Kong's Hang Seng edged up 1.4% to 24,681.10, while the Shanghai Composite lost 0.3% to 3,955.58 after the Chinese government reported the economy expanded at a 4.3% annualized pace in April-June, slowing sharply from 5% in the first quarter of the year.
Yuri Kageyama is on Threads: https://www.threads.com/@yurikageyama
People walk in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Wednesday, July 15, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
A man walks in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Wednesday, July 15, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
A woman walks in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Wednesday, July 15, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
A man walks past near the screens showing the Korea Composite Stock Price Index (KOSPI), right bottom, and the foreign exchange rate between U.S. dollar and South Korean won, right top, at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, July 15, 2026. (AP Photo/Lee Jin-man)
The screen showing the Korea Composite Stock Price Index (KOSPI) is displayed at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, July 15, 2026. (AP Photo/Lee Jin-man)
