RESTON, Va., Sept. 18, 2025 (GLOBE NEWSWIRE) -- Lightbridge Corporation (“Lightbridge” or the “Company”) (Nasdaq: LTBR), an advanced nuclear fuel technology company, today announced that President and Chief Executive Officer Seth Grae will participate in a distinguished panel discussion at the Nuclear Energy Policy Summit 2025, hosted by the Atlantic Council's Global Energy Center. The panel, titled "Building Reactors, Fuel, and the Workforce," is scheduled for Tuesday, September 23, 2025, from 1:45 – 2:30 ...

Nuclear stocks have had an incredible run into 2025, partly owing to the huge demand for power needed for nuclear reactors, AI data centers, and many more. According to research, the energy demand for AI data centers alone isI have more than five years experience in the financial industry. I focus mostly in the commodities, foreign exchange and cryptocurrencies. I also write on general issues like equity research, economics and geopolitics.Fellow contributor Crispus Nyaga is my colleague.Analyst’s Disclosur ...

Core Insights - Lightbridge Corporation (NASDAQ: LTBR) is positioned uniquely within the nuclear energy sector, distinguishing itself from typical nuclear players [1] Group 1: Company Overview - Lightbridge Corporation is not a conventional player in the nuclear energy market, suggesting a distinctive approach or technology [1] Group 2: Investment Strategy - The investment strategy employed focuses on uncovering high-upside opportunities in overlooked sectors, particularly small-cap stocks, energy, and commodities [1] - The strategy is based on the CAN SLIM framework, emphasizing fundamental momentum indicators such as EPS, ROE, and revenue [1] - Additional tools like GARCH and Granger causality are utilized to analyze risk, volatility, and macroeconomic influences on market cycles [1] Group 3: Market Positioning - The company aims to identify areas where market perceptions diverge from actual financial performance, indicating potential investment opportunities [1]

Core Insights - A nuclear energy renaissance is occurring, with significant gains for early investors in companies like Lightbridge and NuScale Power, which have seen increases of nearly 202% and over 177% respectively since their year-to-date lows [1][2] Group 1: Market Trends - The Range Nuclear Renaissance Index ETF (NUKZ) has shown a price increase of 71% since its year-to-date low on April 8, and over 93% since its one-year low on September 6, 2024 [12] - The global AI data center market is projected to reach an estimated value of $13.62 billion in 2024, with a compound annual growth rate of 28.3% from 2025 to 2030, largely driven by AI technology adoption [5][8] - The U.S. Department of Energy forecasts that domestic energy usage from AI data centers will triple by 2028, increasing from 4.4% of total U.S. electricity in 2023 to between 6.7% and 12% [8] Group 2: Company Developments - Major companies like Amazon and Alphabet are investing in small modular reactors (SMRs) to meet the growing energy demands of AI data centers, with Amazon committing $334 million to an SMR feasibility study [6][8] - The largest holding in the NUKZ ETF is Cameco, the world's largest uranium miner, with a market cap of $33.44 billion, followed by Constellation Energy, which has secured a 20-year deal to supply emissions-free nuclear energy to Meta Platforms [11] Group 3: Investment Opportunities - The NUKZ ETF is positioned as a comprehensive solution for investors seeking exposure to the nuclear industry's growth, despite its relatively high expense ratio of 0.85% [10][9] - The ETF's current Relative Strength Index (RSI) reading of 49.55 suggests a neutral position, indicating potential for a pullback to around $55, which could present a better entry point for new investors [12][14]

PART I - FINANCIAL INFORMATION [Condensed Consolidated Financial Statements](index=2&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for the periods ended June 30, 2025 [Balance Sheets](index=2&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) Total assets and stockholders' equity significantly increased due to a substantial rise in cash from financing activities Condensed Consolidated Balance Sheet Highlights | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $97,901,357 | $39,990,827 | | Total Current Assets | $98,362,270 | $40,315,205 | | Total Assets | $98,968,970 | $40,952,875 | | **Liabilities & Equity** | | | | Total Current Liabilities | $1,194,377 | $424,585 | | Total Stockholders' Equity | $97,774,593 | $40,528,290 | [Statements of Operations](index=3&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Operations) Net losses widened for the three and six-month periods due to higher General & Administrative and R&D expenses Condensed Consolidated Statements of Operations Highlights | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | :--- | :--- | | General and administrative | $2,502,637 | $1,792,613 | $5,982,647 | $3,950,358 | | Research and development | $1,639,864 | $909,612 | $3,305,777 | $1,933,435 | | Operating Loss | $(4,142,501) | $(2,702,225) | $(9,288,424) | $(5,883,793) | | Net Loss | $(3,520,434) | $(2,374,634) | $(8,291,446) | $(5,194,218) | | Net Loss Per Share (Basic and diluted) | $(0.16) | $(0.17) | $(0.40) | $(0.38) | [Statements of Changes in Stockholders' Equity](index=3&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Stockholders'%20Equity) Stockholders' equity more than doubled, driven by significant net proceeds from the issuance of common stock - Total stockholders' equity grew from **$40.5 million** on December 31, 2024, to **$97.8 million** on June 30, 2025[16](index=16&type=chunk) - The primary driver for the equity increase was the issuance of 6,242,266 shares from registered offerings, yielding net proceeds of **$63.1 million** in the first six months of 2025[16](index=16&type=chunk) [Statements of Cash Flows](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) A substantial cash inflow from financing activities offset increased cash usage in operations, boosting total cash reserves Cash Flow Summary (Six Months Ended June 30) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Net Cash Used in Operating Activities | $(5,605,030) | $(3,725,447) | | Net Cash Provided by Financing Activities | $63,521,676 | $2,194,041 | | Net Increase in Cash and Cash Equivalents | $57,910,530 | $(1,531,406) | | Cash and Cash Equivalents, End of Period | $97,901,357 | $27,067,039 | [Notes to Financial Statements](index=5&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes detail the company's single business segment, R&D commitments, recent equity offerings, and stock compensation - The company operates as a single business segment focused on the development and commercialization of its nuclear fuel[24](index=24&type=chunk)[91](index=91&type=chunk) - R&D expenses associated with the Idaho National Laboratory (INL) project totaled **$1.6 million** for the six months ended June 30, 2025, a significant increase from $0.7 million in the same period of 2024[47](index=47&type=chunk) - The company raised net proceeds of **$63.1 million** from At-the-Market (ATM) offerings by selling 6,242,266 shares during the first six months of 2025[62](index=62&type=chunk) - On May 8, 2025, stockholders approved an increase in authorized common shares from **25,000,000 to 100,000,000**[53](index=53&type=chunk) [Management's Discussion and Analysis (MD&A)](index=16&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial results, fuel development progress, and liquidity, highlighting increased spending and successful capital raises [Business Overview and Fuel Development](index=17&type=section&id=OVERVIEW%20OF%20OUR%20BUSINESS%20AND%20DEVELOPMENT%20OF%20LIGHTBRIDGE%20FUEL) The company is advancing its next-generation metallic nuclear fuel through key collaborations and positive feasibility studies - The company is developing next-generation metallic nuclear fuel to improve the economics and safety of existing and new nuclear power plants, including for emerging uses like powering data centers[108](index=108&type=chunk)[109](index=109&type=chunk)[110](index=110&type=chunk) - Collaboration with Idaho National Laboratory (INL) is central to R&D, with total estimated cash payments under current CRADA and SPPA agreements at approximately **$6.8 million**[122](index=122&type=chunk) - A feasibility study with RATEN ICN in Romania indicated that Lightbridge Fuel™ can **double the discharged burnup** in a CANDU reactor[126](index=126&type=chunk) - The company signed a memorandum of understanding (MOU) with Oklo, Inc in January 2025 to explore co-locating a fuel fabrication facility and collaborating on recycling spent uranium-zirconium fuel[115](index=115&type=chunk) [Operations Review](index=21&type=section&id=OPERATIONS%20REVIEW) Operating expenses and net loss increased significantly in Q2 and the first half of 2025, driven by intensified R&D and higher G&A costs Comparison of Operating Results (Three Months Ended June 30) | Metric | 2025 | 2024 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | G&A Expenses | $2.5M | $1.8M | +$0.7M | +39% | | R&D Expenses | $1.6M | $0.9M | +$0.7M | +78% | | Net Loss | $(3.5)M | $(2.4)M | +$1.1M | +46% | Comparison of Operating Results (Six Months Ended June 30) | Metric | 2025 | 2024 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | G&A Expenses | $6.0M | $4.0M | +$2.0M | +50% | | R&D Expenses | $3.3M | $1.9M | +$1.4M | +74% | | Net Loss | $(8.3)M | $(5.2)M | +$3.1M | +60% | - The increase in R&D for Q2 2025 was primarily due to a **$0.5 million increase** in INL project labor costs[143](index=143&type=chunk) - The increase in G&A for the first six months of 2025 was driven by higher professional fees (**$0.7M**) and stock-based compensation (**$0.9M**), including a $0.5M charge for accelerated vesting for a former employee[149](index=149&type=chunk) [Liquidity and Capital Resources](index=23&type=section&id=LIQUIDITY,%20CAPITAL%20RESOURCES%20AND%20FINANCIAL%20POSITION) The company's cash position strengthened significantly through equity offerings, ensuring sufficient funding for near-term operations - Cash and cash equivalents stood at **$97.9 million** as of June 30, 2025[157](index=157&type=chunk) - Management believes it has sufficient liquidity for at least the next 12 months, with estimated cash requirements of **$39.0 million** for that period[156](index=156&type=chunk)[158](index=158&type=chunk) - Long-term capital requirements for development and commercialization are estimated to be in the range of **$200 million to $300 million** over the next 10 to 15 years[160](index=160&type=chunk) - The primary source of liquidity is the At-the-Market (ATM) equity offering, which raised **$63.1 million** in the first half of 2025[157](index=157&type=chunk)[162](index=162&type=chunk) [Market Risk Disclosures](index=25&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a smaller reporting company, the company is not required to provide disclosures about market risk - As a "smaller reporting company," Lightbridge is exempt from this disclosure requirement[174](index=174&type=chunk) [Controls and Procedures](index=25&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and internal controls over financial reporting were effective as of June 30, 2025 - The CEO and CFO concluded that disclosure controls and procedures were **effective** as of June 30, 2025[176](index=176&type=chunk) - **No material changes** were made to internal control over financial reporting during the quarter[177](index=177&type=chunk) PART II - OTHER INFORMATION [Legal Proceedings](index=25&type=section&id=Item%201.%20Legal%20Proceedings) The company is not aware of any material legal proceedings against it - The company reports **no material legal proceedings**[178](index=178&type=chunk) [Risk Factors](index=25&type=section&id=Item%201A.%20Risk%20Factors) A new risk factor related to the use of Artificial Intelligence has been added since the last annual report - A new risk factor was added concerning the challenges and risks associated with the use of AI, including **flawed algorithms, data quality issues, and cybersecurity threats**[180](index=180&type=chunk) [Other Information](index=26&type=section&id=Item%205.%20Other%20Information) This section discloses recent bylaw amendments, an expanded R&D agreement, and the adoption of trading plans by directors - The company amended its bylaws on August 11, 2025, to update nomination and proposal procedures[183](index=183&type=chunk) - A modification to the Strategic Partnership Project Agreement (SPPA) with Battelle Energy Alliance (BEA) was executed on August 1, 2025, to expand the R&D scope[185](index=185&type=chunk) - Two directors, Jesse Funches and Sweta Chakraborty, adopted Rule 10b5-1 stock trading plans in May 2025[186](index=186&type=chunk)[190](index=190&type=chunk) [Exhibits](index=27&type=section&id=Item%206.%20Exhibits) This section lists key agreements and corporate documents filed with the report - Key exhibits filed include the Open Market Sales Agreement with Jefferies LLC, amended corporate bylaws, and a modification to the SPPA with Battelle Energy Alliance, LLC[189](index=189&type=chunk)

Company Participants - The conference call featured key executives from Lightbridge Corporation, including the CEO Seth Grae, CFO Lawrence Goldman, and Executive Vice President of Nuclear Operations Andrey Mushakov [1][3]. Earnings Update - Lightbridge Corporation released its earnings press release prior to the conference call, which is available on their Investor Relations page [3]. Forward-Looking Statements - The presentation included forward-looking statements regarding the company's competitive position and future product and service offerings, with terms like "expect," "anticipate," "believe," and "intend" indicating future goals [4].

Financial Data and Key Metrics Changes - Cash and cash equivalents increased to $97.9 million at the end of Q2 2025 from $40 million at the end of 2024, indicating a significant strengthening of the financial position [20] - Working capital rose to $97.2 million as of June 30, 2025, compared to $39.9 million at December 31, 2024, highlighting improved liquidity [20] - Net loss for Q2 2025 was $3.5 million, up from $2.4 million in Q2 2024, reflecting increased operational costs [22] - Total R&D expenses increased to $1.6 million in Q2 2025 from $900,000 in Q2 2024, driven by heightened R&D activities [22] - General and administrative expenses rose to $2.5 million in Q2 2025 from $1.8 million in Q2 2024, primarily due to increased IT services and professional fees [22] Business Line Data and Key Metrics Changes - Significant milestones achieved in the fuel development program, including the co-extrusion of an eight-foot rod and successful fabrication of enriched uranium zirconium alloy coupon samples [5][10] - Collaboration with Ocla to explore co-location of commercial fuel fabrication facilities and advanced fuel recycling [6][9] Market Data and Key Metrics Changes - Inclusion in the Russell 2000 and Russell 3000 indexes enhances visibility among institutional investors, reflecting the company's growing market presence [7] - The political landscape has become supportive of nuclear energy, with executive orders prioritizing nuclear energy deployment and efficiency [15][17] Company Strategy and Development Direction - The company aims to advance its technology through rigorous testing and demonstration, focusing on maximizing the potential of existing nuclear fleets and next-generation reactors [19] - Plans to complete site selection and begin deployment of a Lightbridge fuel fabrication facility to produce various fuel components [13] Management's Comments on Operating Environment and Future Outlook - Management highlighted a favorable political and regulatory environment that may facilitate the development of advanced nuclear fuel designs [5] - The company believes it is well-positioned to benefit from supportive government policies and increasing global demand for nuclear energy [18] Other Important Information - The company is strategically positioned at the forefront of fuel innovation, with a focus on developing technology to meet evolving global energy demands [19] Q&A Session Summary - No questions were submitted for this call, indicating a lack of immediate inquiries from stakeholders [24]

Core Viewpoint - Oklo reported a Q2 operating loss of $28 million, primarily due to compensation, general business expenses, and financing-related professional fees, including approximately $11.4 million in non-cash stock compensation [1] Financial Performance - Q2 loss per share was $0.18, which was worse than the market expectation of a loss of $0.12 but an improvement from the previous year's loss of $0.27 [1] Strategic Initiatives - The company plans to submit the first phase of its joint license application for the Aurora power station in early Q4 and expects to begin preliminary construction activities in Q3 [1] - Oklo aims to achieve commercial operation of its first nuclear power plant by the end of 2027 or early 2028 [1] Partnerships - Oklo announced a strategic partnership with Lightbridge to explore the possibility of establishing a Lightbridge fuel manufacturing facility within Oklo's planned advanced fuel manufacturing infrastructure, which will also serve as a joint R&D center for advanced fuel [1] - The CEO emphasized the importance of building infrastructure to support the development and deployment of new nuclear energy, aligning with federal policies promoting domestic fuel independence [1]

[Business Update and Q2 2025 Financial Results](index=1&type=section&id=Business%20Update%20and%20Q2%202025%20Financial%20Results) [Management Commentary and Business Highlights](index=1&type=section&id=Management%20Commentary%20and%20Business%20Highlights) The company achieved key operational milestones in **H1 2025**, including successful materials fabrication and testing, while maintaining a strong financial position with **$97.9 million** in cash and enhanced market visibility - Key operational milestones achieved in **H1 2025** include successful co-extrusion demonstration, completion of the final experiment design review for irradiation testing, and fabrication of enriched uranium-zirconium alloy coupon samples[2](index=2&type=chunk) - The political environment is viewed as increasingly favorable, citing President Trump's nuclear energy Executive Orders supporting advanced nuclear technologies[2](index=2&type=chunk) - The company's inclusion in the **Russell 2000® and Russell 3000® Indexes** is expected to enhance visibility among institutional investors[2](index=2&type=chunk) - The company ended Q2 2025 with a strong financial position, holding **$97.9 million** in cash and cash equivalents and **$97.2 million** in working capital[3](index=3&type=chunk) [Financial Highlights](index=1&type=section&id=Financial%20Highlights) The company's financial position strengthened in H1 2025 due to **$63.5 million** in financing activities, despite increased operational cash usage and a wider net loss driven by higher **R&D and G&A expenses** [Balance Sheet Summary](index=1&type=section&id=Balance%20Sheet%20Summary) Key Balance Sheet Figures (as of June 30, 2025) | Metric | June 30, 2025 (USD) | December 31, 2024 (USD) | | :--- | :--- | :--- | | Cash and cash equivalents | $97.9 million | $40.0 million | | Working Capital | $97.2 million | $39.9 million | | Total Assets | $99.0 million | $41.0 million | | Total Liabilities | $1.2 million | $0.4 million | | Stockholders' Equity | $97.8 million | $40.5 million | [Cash Flow Summary (H1 2025)](index=1&type=section&id=Cash%20Flow%20Summary%20(H1%202025)) Cash Flow Changes (Six Months Ended June 30) | Metric | 2025 (USD) | 2024 (USD) | | :--- | :--- | :--- | | Cash used in operating activities | ($5.6 million) | ($3.7 million) | | Cash provided by financing activities | $63.5 million | $2.2 million | - The increase in cash used in operations was primarily due to higher spending on **R&D and general and administrative expenses**[5](index=5&type=chunk) - The significant increase in cash from financing was mainly due to **$60.9 million** in net proceeds from the issuance of common stock under the at-the-market facility[5](index=5&type=chunk) [Operational Results Summary (Q2 & H1 2025)](index=2&type=section&id=Operational%20Results%20Summary%20(Q2%20%26%20H1%202025)) Q2 Operational Results Comparison | Metric | Q2 2025 (USD) | Q2 2024 (USD) | | :--- | :--- | :--- | | General and administrative expenses | $2.5 million | $1.8 million | | R&D expenses | $1.6 million | $0.9 million | | Net Loss | ($3.5 million) | ($2.4 million) | H1 Operational Results Comparison | Metric | H1 2025 (USD) | H1 2024 (USD) | | :--- | :--- | :--- | | General and administrative expenses | $6.0 million | $4.0 million | | R&D expenses | $3.3 million | $1.9 million | | Net Loss | ($8.3 million) | ($5.2 million) | [Detailed Financial Statements](index=4&type=section&id=Detailed%20Financial%20Statements) Unaudited financial statements detail the company's financial position as of June 30, 2025, showing increased cash and equity from financing activities, alongside higher operating expenses and net loss [Unaudited Condensed Consolidated Balance Sheets](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) Balance Sheet Comparison (June 30, 2025 vs Dec 31, 2024) | Account | June 30, 2025 (USD) | December 31, 2024 (USD) | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $97,901,357 | $39,990,827 | | Total Current Assets | $98,362,270 | $40,315,205 | | Total Assets | $98,968,970 | $40,952,875 | | **Liabilities & Equity** | | | | Total Current Liabilities | $1,194,377 | $424,585 | | Total Stockholders' Equity | $97,774,593 | $40,528,290 | | Total Liabilities and Stockholders' Equity | $98,968,970 | $40,952,875 | [Unaudited Condensed Consolidated Statements of Operations](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Operations) Statement of Operations (Q2 & H1 2025 vs 2024) | Metric | Q2 2025 (USD) | Q2 2024 (USD) | H1 2025 (USD) | H1 2024 (USD) | | :--- | :--- | :--- | :--- | :--- | | Total Operating Expenses | $4,142,501 | $2,702,225 | $9,288,424 | $5,883,793 | | Operating Loss | ($4,142,501) | ($2,702,225) | ($9,288,424) | ($5,883,793) | | Net Loss | ($3,520,434) | ($2,374,634) | ($8,291,446) | ($5,194,218) | | Net Loss Per Share (Basic & Diluted) | ($0.16) | ($0.17) | ($0.40) | ($0.38) | [Unaudited Condensed Consolidated Statements of Cash Flows](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Statement of Cash Flows (Six Months Ended June 30) | Metric | 2025 (USD) | 2024 (USD) | | :--- | :--- | :--- | | Net Cash Used in Operating Activities | ($5,605,030) | ($3,725,447) | | Net Cash Used in Investing Activities | ($6,116) | $0 | | Net Cash Provided by Financing Activities | $63,521,676 | $2,194,041 | | Net Increase (Decrease) in Cash | $57,910,530 | ($1,531,406) | | Cash and Cash Equivalents, End of Period | $97,901,357 | $27,067,039 | [Corporate Information](index=2&type=section&id=Corporate%20Information) This section outlines Lightbridge's core business of developing advanced nuclear fuel technology, provides conference call details, and includes standard forward-looking statement disclaimers [Company Overview](index=3&type=section&id=Company%20Overview) - Lightbridge is developing **Lightbridge Fuel™**, a proprietary next-generation nuclear fuel technology for existing light water reactors and new small modular reactors (SMRs)[13](index=13&type=chunk) - The company has long-term framework agreements with **Battelle Energy Alliance**, the operating contractor for **Idaho National Laboratory (INL)**, and has received multiple awards from the **DOE's GAIN program**[14](index=14&type=chunk) [Conference Call Information](index=2&type=section&id=Conference%20Call%20Information) - A conference call to discuss financial results and provide a fuel development update is scheduled for **Tuesday, August 12, at 4:00 p.m. ET**[9](index=9&type=chunk) [Forward-Looking Statements](index=3&type=section&id=Forward-Looking%20Statements) - The report contains forward-looking statements based on current expectations that involve **significant risks and uncertainties**. Readers are advised to consult the company's **SEC filings** for a full description of risks[16](index=16&type=chunk)[17](index=17&type=chunk)

Core Viewpoint - Lightbridge Corporation and Oklo Inc. have announced a strategic collaboration to explore co-locating a fuel fabrication facility, aiming to accelerate the commercialization of advanced nuclear fuels and enhance energy security in the U.S. [1][2][4] Group 1: Collaboration Details - The collaboration is formalized under a Memorandum of Understanding (MOU) signed earlier in 2025, focusing on the feasibility of commercial-scale fuel fabrication within Oklo's planned manufacturing infrastructure [2] - The initiative includes joint research and development efforts, particularly in manufacturing fuel from repurposed plutonium sourced from legacy materials [2][4] - The proposed facility will support advanced fuel production for both fast reactors and light water reactors, reinforcing the commitment to U.S. leadership in nuclear fuel manufacturing [4] Group 2: Government Support and Policy Alignment - This announcement follows executive orders from the White House in May 2025, which prioritize the acceleration of U.S. nuclear energy deployment and include directives for processing surplus plutonium for advanced reactor fuel [3] - The collaboration aligns with emerging federal policies aimed at strengthening domestic energy security and supporting advanced reactor deployment [5][6] Group 3: Company Profiles - Oklo Inc. is focused on developing fast fission power plants and establishing a domestic supply chain for critical radioisotopes, with a history of regulatory achievements in advanced fission technology [6] - Lightbridge Corporation is developing advanced nuclear fuel technology, including Lightbridge Fuel™, which enhances reactor safety and economics while promoting energy security [7][8]