Core Viewpoint - Lightbridge Corporation will announce its financial results for the fiscal year 2024 on February 26, 2025, and will host a conference call on February 27, 2025, to discuss these results and provide updates on its fuel development activities [1][2]. Company Overview - Lightbridge Corporation (NASDAQ: LTBR) focuses on developing advanced nuclear fuel technology aimed at delivering abundant, zero-emission clean energy and enhancing global energy security [4]. - The company is developing Lightbridge Fuel™, a proprietary next-generation nuclear fuel technology designed for existing light water reactors and pressurized heavy water reactors, which significantly improves reactor safety, economics, and proliferation resistance [4]. - Lightbridge is also working on Lightbridge Fuel for new small modular reactors (SMRs), which will provide similar benefits while enabling load-following with renewables on a zero-carbon electric grid [4]. Strategic Partnerships and Research - Lightbridge has established two long-term framework agreements with Battelle Energy Alliance LLC, the operating contractor for the Idaho National Laboratory, which is the leading nuclear energy research and development laboratory in the U.S. [5]. - The company has received support from the DOE's Gateway for Accelerated Innovation in Nuclear program, which has awarded Lightbridge funding for the development of Lightbridge Fuel over the past several years [5]. - Lightbridge is participating in two university-led studies through the DOE Nuclear Energy University Program at the Massachusetts Institute of Technology and Texas A&M University [5]. Communication and Accessibility - Investors can submit questions via email by February 21, 2025, and the conference call will be led by the President and CEO, Seth Grae, with other executives available for questions [2]. - The conference call can be accessed by phone or through a webcast, with a replay available for a limited time [3].

Core Viewpoint - Lightbridge Corporation has achieved a significant milestone in advanced nuclear fuel technology by successfully demonstrating a co-extrusion process for a uranium-zirconium alloy at Idaho National Laboratory, moving closer to the commercialization of its Lightbridge Fuel™ product designed to enhance reactor safety and performance [1][2][8] Group 1: Co-Extrusion Process - The co-extrusion demonstration involved pressing a metallic alloy billet encased in zirconium alloy cladding to produce an 8-foot cylindrical rod [3][6] - This process represents a key fabrication milestone under a Strategic Partnership Project Agreement with Battelle Energy Alliance LLC, the U.S. Department of Energy's contractor for INL [5][11] - The uranium-zirconium alloy used in the demonstration is the same composition planned for future commercial Lightbridge Fuel™ products [6] Group 2: Future Development and Testing - Lightbridge and INL will analyze the co-extruded sample to confirm extrusion process parameters, paving the way for future production using enriched uranium [7] - Planned capsule irradiation testing in INL's Advanced Test Reactor aims to generate critical performance data for Lightbridge's advanced fuel and support regulatory licensing efforts [7] - The successful demonstration is seen as a testament to the collaboration and innovation driving the advancement of Lightbridge Fuel, with a focus on enhancing safety, efficiency, and performance [8][10] Group 3: Company Background and Goals - Lightbridge Corporation is focused on developing advanced nuclear fuel technology essential for delivering clean energy and energy security [10] - The company is developing Lightbridge Fuel™ for existing light water reactors and new small modular reactors (SMRs), aiming to enhance reactor safety and economics [10][11] - Lightbridge has entered into long-term agreements with Battelle Energy Alliance and has received support from the DOE's Gateway for Accelerated Innovation in Nuclear program [11]

RESTON, Va., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Lightbridge Corporation ("Lightbridge" or the "Company") (NASDAQ:LTBR), an advanced nuclear fuel technology company, today announced that President and CEO Seth Grae will serve as a moderator and panelist at two major nuclear industry events in February. Mr. Grae will participate in the Nuclear Energy Institute's Nuclear Financing Summit on February 11-12, 2025, in New York City, NY. He will serve as a panelist in the "Strategic Partnerships for Nuclear Success ...

Lightbirdge (NASDAQ: LTBR ) is a company focused on developing the next generation of uranium fuel rods. Its patented technology offers superior performance and enhanced security features that could benefit both current and next-generation reactors. We believe the stock is veryAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my ...

RESTON, Va., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Lightbridge Corporation (“Lightbridge”) (Nasdaq: LTBR), an advanced nuclear fuel technology company, today announced the signing of a Memorandum of Understanding (“MOU”) with Oklo Inc. (NYSE: OKLO) (“Oklo”), an advanced nuclear power and fuel recycling company. The MOU outlines plans to conduct a feasibility study for co-locating a Lightbridge Commercial-scale Fuel Fabrication Facility at Oklo’s proposed commercial fuel fabrication facility and to explore oppor ...

RESTON, Va., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Lightbridge Corporation ("Lightbridge" or the "Company") (NASDAQ:LTBR), an advanced nuclear fuel technology company, will participate in the 27th Annual Needham Growth Conference on Friday, January 17, 2025. Lightbridge CEO Seth Grae will participate in 1-on-1 meetings to discuss the Company's recent advancements in its nuclear fuel development. Discussions will focus on Lightbridge's unique approach to delivering more power to existing reactors while enhancing ...

RESTON, Va., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Lightbridge) (NASDAQ:LTBR), an advanced nuclear fuel technology company, today applauded the signing of a Memorandum of Understanding (MOU) between the U.S. Nuclear Regulatory Commission (NRC) and the U.S. Department of Energy (DOE) to collaborate on the readiness and development of advanced nuclear fuels. The MOU, signed under the ADVANCE Act (Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy Act of 2024), establi ...

If you enjoyed this analysis, consider subscribing to Green Growth Giants for timely access to the article. Besides news updates on segments within the decarbonisation economy, community members have access to a host of other analyses that includes top-down sectoral coverage, in-depth stock research, educational pieces and rankings of ETFs based on proprietary methodology.This second edition of Nuclear News takes a look back at the biggest newsmakers of the past month. The data center driven demand boom con ...

Nuclear Fuel Development - Lightbridge Corporation is developing next-generation nuclear fuel, Lightbridge Fuel™, aimed at improving the economics and safety of nuclear power plants[73]. - The company has entered into agreements with Idaho National Laboratory to support the development of Lightbridge Fuel™, with an estimated total cost of $2.0 million for the work under the Strategic Partnership Project Agreement[84]. - A feasibility study for the use of Lightbridge Fuel™ in CANDU reactors is being conducted, with a total fee of approximately $0.2 million expected to be completed in 2024[89]. - Texas A&M University received $1 million from the DOE's Nuclear Energy University Program to study the performance of Lightbridge Fuel™[90]. - Lightbridge anticipates beginning demonstration of lead test rods in commercial reactors in the 2030s, with initial fuel reload batches expected 15-20 years from now[96]. - Lightbridge has built a significant portfolio of patents and is collaborating with the DOE's national laboratories for R&D activities[77]. - The company expects to generate irradiation performance data for its delta-phase uranium-zirconium alloy to support fuel performance modeling and regulatory licensing efforts[79]. - Lightbridge's metallic fuel is projected to provide significant economic and safety benefits over traditional nuclear fuel due to superior heat transfer properties[75]. Financial Performance - Operating expenses for the three months ended September 30, 2024, were $1.7 million, reflecting a 6% increase from $1.6 million in the same period of 2023[93]. - Total operating expenses for the three months ended September 30, 2024, were $3.0 million, up from $2.1 million in the same period of 2023, marking a 43% increase[99]. - Net loss for the three months ended September 30, 2024, was $2.7 million, compared to a net loss of $1.8 million for the same period in 2023, reflecting a 50% increase in losses[99]. - General and administrative expenses increased by $0.6 million to $5.7 million for the nine months ended September 30, 2024, compared to $5.1 million for the same period in 2023, a 12% increase[107]. - Total R&D expenses for the nine months ended September 30, 2024, were $3.2 million, up from $1.3 million in the same period of 2023, indicating a 146% increase[109]. - The company projects to invest approximately $6.8 million in R&D for nuclear fuel over the next 12 to 15 months[110]. - Cash and cash equivalents decreased to $26.6 million as of September 30, 2024, from $28.6 million at December 31, 2023, a decrease of $2.0 million[113]. - The company raised net proceeds of $3.7 million from the sale of approximately 1.4 million shares of common stock during the nine months ended September 30, 2024[113]. - The company anticipates total expected expenditures of approximately $14.1 million for the next 12 months, with a projected negative cash flow from operations[114]. - The company has approximately $26.9 million of working capital as of the date of this filing[114]. - Net cash used in operating activities increased by $1.5 million for the nine months ended September 30, 2024, compared to the same period in 2023, primarily due to increased spending on R&D and administrative expenses[121]. - Net cash provided by financing activities decreased by $0.8 million for the nine months ended September 30, 2024, compared to the same period in 2023, attributed to a decrease in net proceeds from the issuance of common stock under the ATM facility[127]. - Cash provided by the ATM facility was $3.7 million (approximately 1.4 million common shares) for the nine months ended September 30, 2024, compared to $4.5 million (approximately 0.9 million common shares) for the same period in 2023[128]. - The company has no debt or lines of credit and has financed operations through the sale of preferred and common stock[119]. - The company reported a net cash outflow of $2.0 million for the nine months ended September 30, 2024, compared to a net cash inflow of $0.3 million for the same period in 2023[123]. Strategic Initiatives - The company is exploring options for a Lightbridge Pilot Fuel Fabrication Facility after determining that the Piketon site may be better suited for an industrial-scale facility[88]. - The company aims to create strategic alliances to support remaining R&D activities for fuel products to reach commercial stage[120]. - The company is exploring equity or debt investment from third-party investors to support its operations[125]. - The company is seeking new financing to enhance its capital sources depending on market conditions[120]. Economic and Market Conditions - The company does not have any off-balance sheet arrangements that materially affect its financial condition[129]. - Inflation has not materially affected the company's business, revenues, or operating results[130].

Financial Data and Key Metrics Changes - The company's working capital position was $25.9 million at September 30, 2024, down from $28.3 million at December 31, 2023 [32] - Total cash and cash equivalents decreased to $26.6 million from $28.6 million at December 31, 2023, a reduction of $2 million [34] - Net loss for the third quarter ended September 30, 2024, was $2.7 million, compared to $1.8 million for the same period in 2023 [38] Business Line Data and Key Metrics Changes - Total R&D expenses for the three months ended September 30, 2024, amounted to $1.3 million, an increase of $0.8 million compared to $0.5 million for the same period in 2023 [38] - Total G&A expenses were $1.7 million for the three months ended September 30, 2024, slightly up from $1.6 million in the same period in 2023 [39] Market Data and Key Metrics Changes - The company is actively involved in studies funded by the U.S. Department of Energy to evaluate the use of its fuel in small modular reactors, indicating a focus on future market opportunities [12][19] Company Strategy and Development Direction - The company aims to complete the fuel development process, achieve regulatory approvals, and establish commercial arrangements with utilities to generate revenue from its fuel technology [13] - Lightbridge is positioning its fuel technology to address the growing demand for stable, carbon-free power sources, particularly in light of increasing energy consumption from sectors like AI [26][28] Management Comments on Operating Environment and Future Outlook - Management highlighted the growing recognition of nuclear power as essential for meeting global energy demands, particularly in the context of climate change and the need for reliable energy sources [26][29] - The company believes that its fuel technology will be integral to making nuclear energy safer, more efficient, and sustainable, aligning with global efforts to increase nuclear capacity [13][30] Other Important Information - The company presented a technical paper at the TopFuel 2024 Conference, showcasing its fuel development activities and the validation of its technology through independent studies [18][19] - The initial engineering study on the compatibility of Lightbridge Fuel with CANDU reactors indicates potential for double the discharge burn-up compared to current CANDU fuel [21] Q&A Session Summary - No questions were submitted during the call, and the company expressed its readiness to provide additional updates in the future [41]