Investor Relations Contact: Matthew Abenante, IRC Director of Investor Relations Tel: +1 (347) 947-2093 ir@ltbridge.com To receive Lightbridge Corporation updates via e-mail, subscribe at https://www.ltbridge.com/investors/newsevents/email-alerts RESTON, Va., June 25, 2024 (GLOBE NEWSWIRE) -- Lightbridge Corporation ("Lightbridge") (Nasdaq: LTBR), an advanced nuclear fuel technology company, applauds the passage of the ADVANCE Act, or the Accelerating Deployment of Versatile, Advanced Nuclear for Clean Ener ...

Seth Grae, President & CEO of Lightbridge Corporation, commented, "We are thrilled to see the ADVANCE Act pass with such overwhelming support in both the House and the Senate. While the Act does not remove all hurdles facing deployment of advanced nuclear technologies, this landmark legislation marks a significant step forward for the nuclear industry and reinforces the critical role of advanced nuclear technologies in our clean energy future. By streamlining regulatory processes, supporting the development ...

(Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-34487 LIGHTBRIDGE CORPORATION (Address of prin ...

EXHIBIT 99.1 EX-99.1 2 ltbr_ex991.htm PRESS RELEASE Cash Flows Summary Cash and cash equivalents were $27.9 million, as compared to $28.6 million at December 31, 2023, a decrease of $0.7 million for the first quarter ended March 31, 2024, consisting of the following: 1 Balance Sheet Summary Lightbridge Provides Business Update and Announces First Quarter 2024 Financial Results Conference Call on Friday, May 10th at 11 a.m. ET RESTON, Va, May 9, 2024 (GLOBE NEWSWIRE) – Lightbridge Corporation ("Lightbridge") ...

RESTON, Va., May 01, 2024 (GLOBE NEWSWIRE) -- Lightbridge Corporation ("Lightbridge") (NASDAQ:LTBR), an advanced nuclear fuel technology company, will announce its financial results for the first quarter of fiscal year 2024 on Thursday, May 9th after the market closes. Lightbridge will host a conference call on Friday, May 10, at 11:00 AM ET with the investment community to discuss the Company's financial results and provide an update on its fuel development activities. CONFERENCE CALL & AUDIO WEBCAST The c ...

Nuclear Fuel Technology Development - Lightbridge is developing next-generation nuclear fuel that aims to improve the economics and safety of nuclear power plants, with a focus on metallic fuel that offers superior heat transfer properties [22]. - The company projects that its Lightbridge Fuel™ can provide a power uprate of up to 30% in new-build water-cooled reactors and a potential increase of up to 17% in existing reactors while extending operating cycles from 18 to 24 months [33][35]. - Lightbridge's nuclear fuel technology is expected to significantly enhance safety margins during off-normal events, with preliminary modeling indicating that its fuel rods would remain approximately 200 degrees Celsius cooler than conventional fuels during loss-of-coolant accidents [40]. - Lightbridge anticipates that its fuel will produce half the amount of plutonium compared to conventional fuels, enhancing proliferation resistance and making it unsuitable for weapon purposes [41]. - The anticipated safety benefits of Lightbridge Fuel™ include enhanced structural integrity and improved seismic performance, contributing to overall reactor safety [42]. - The company is developing proprietary nuclear fuel designs expected to enhance the nuclear power industry's economics through higher power output and longer fuel cycles [171]. Research and Development Initiatives - The company has built a significant portfolio of patents and is conducting R&D activities in collaboration with the U.S. Department of Energy's national laboratories [25]. - A $1 million award from the DOE's Nuclear Energy University Program was granted to Texas A&M University for a study on Lightbridge Fuel™, which will generate experimental data on its performance [53]. - The company plans to conduct loop irradiation testing of its metallic fuel samples in the ATR at INL to confirm performance under reactor conditions [64]. - The company anticipates investing approximately $6 million to $8 million in R&D for nuclear fuel over the next 12 to 15 months [203]. - Total R&D expenses increased by $1.2 million for the year ended December 31, 2023, compared to 2022, primarily due to increased INL project labor costs of $0.8 million and allocated employee compensation of $0.4 million [202]. Market and Industry Context - As of January 2024, there are approximately 60 nuclear reactors under construction globally, with most located in Asia, indicating a growing market for Lightbridge's fuel technology [32]. - The nuclear power industry is expected to play a critical role in achieving significant decarbonization, with Lightbridge's technology positioned to support this transition [38]. - Lightbridge's target market includes water-cooled commercial power reactors, such as PWRs, BWRs, and SMRs, which represent a substantial segment of the nuclear power industry [34]. - A decline in the price of non-nuclear energy sources could limit the deployment of new nuclear power plants, reducing the potential market for the company's nuclear fuel technology [116]. - The company faces indirect competition from renewable energy sources, particularly wind and solar, due to government subsidies and incentives that could impact customer purchasing decisions [117]. Financial Performance and Funding - As of December 31, 2023, the company had $28.6 million in cash and cash equivalents and an accumulated deficit of $152.4 million [85]. - The company reported a net loss of $7.9 million for 2023, a 5% increase from a net loss of $7.5 million in 2022 [198]. - The company raised net proceeds of $6.4 million from the sale of approximately 1.5 million shares of common stock during the year ended December 31, 2023 [209]. - The projected total expected expenditures for the next 12 months are approximately $13.8 million, with anticipated negative cash flow from operations [211]. - The company has no debt or lines of credit and has financed operations through the sale of preferred and common stock [215]. Challenges and Risks - The company faces challenges in funding its fuel development program, which is critical to adhere to projected timelines for commercialization [59]. - Establishing a supply chain infrastructure for HALEU is necessary for the commercialization of Lightbridge's nuclear fuel, requiring modifications to existing facilities [63]. - Labor shortages and supply chain disruptions could negatively impact R&D timelines and financial results due to increased shipping demand and inflationary pressures [115]. - The company faces competition from advanced fuel technology (ATF) vendors, which may threaten its value proposition in existing large PWRs [71]. - The company may struggle to obtain necessary authorizations for international technology sales, which could materially affect its international business growth [121]. Intellectual Property and Confidentiality - The company received 1 new patent in 2023 and currently holds 11 U.S. patents and over 146 foreign patents, with U.S. patents beginning to expire in 2027 [77]. - The company intends to apply for additional patents for its nuclear fuel technologies, although the effectiveness of these patents is uncertain [141]. - The company relies on trade secrets to protect some technology, but enforcement of these rights can be expensive and uncertain [142]. - The company has established business procedures to maintain the confidentiality of its proprietary information, including confidentiality agreements [78]. - The company may face challenges in protecting its intellectual property rights, which could adversely affect its business and financial condition if infringed upon [126]. Organizational Structure and Workforce - The company employs six full-time employees and utilizes independent contractors and agencies for various business functions [80]. - The company emphasizes the importance of diversity and inclusion in its workforce to foster creative solutions and better outcomes [82]. - The company is dependent on the recruitment and retention of highly skilled employees, with potential adverse effects on business if qualified personnel cannot be attracted or retained [118]. - Significant leadership changes could hinder strategic planning and execution, potentially causing uncertainty among investors and affecting future performance [120]. Future Outlook and Strategic Plans - Lightbridge expects to have lead test assemblies of its fuel ready for insertion in a commercial reactor in the 2030s, following an estimated eight years for design and safety justification [197]. - The company plans to negotiate subsequent phases of work under agreements with Idaho National Laboratory, which may include post-irradiation examination and transient experiments [177]. - The company is exploring potential collaborations and acquisitions to leverage operational synergies and establish new revenue streams in the nuclear sector [68]. - Future acquisitions may divert management's attention and resources, potentially leading to integration challenges and adverse effects on operating results [133].

EX-99.1 2 ltbr_ex991.htm PRESS RELEASE EXHIBIT 99.1 Lightbridge Provides Business Update and Announces Fiscal Year 2023 Financial Results Conference Call on Thursday, February 29 at 10 a.m. ET RESTON, Va, February 28, 2024 (GLOBE NEWSWIRE) – Lightbridge Corporation ("Lightbridge") (Nasdaq: LTBR), an advanced nuclear fuel technology company, announced its financial results for the fiscal year ended December 31, 2023, and provided an update on the Company's continued progress. Seth Grae, President & Chief Exe ...

Lightbridge Corporation (NASDAQ:LTBR) Q3 2023 Earnings Conference Call October 31, 2023 4:00 PM ET Company Participants Matthew Abenante - Director of Investor Relations Seth Grae - President & Chief Executive Officer Andrey Mushakov - Executive Vice President of Nuclear Operations Larry Goldman - Chief Financial Officer Sherrie Holloway - Controller Conference Call Participants Operator Thank you for standing by and welcome to the Lightbridge Corporation Business Update and Third Quarter 2023 Conference Ca ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-34487 LIGHTBRIDGE CORPORATION (Exact name of registrant as specified in its charter) (State or ot ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (I.R.S. Employer Identification No.) (State or other jurisdiction of incorporation or organization) For the transition period from _____________ to _____________ 11710 Plaza America Drive, Sui ...