Lightbridge Corporation (NASDAQ:LTBR) Q4 2020 Earnings Conference Call March 25, 2021 4:00 PM ET Company Participants Matthew Abenante - Director, Investor Relations Seth Grae - Chief Executive Officer Larry Goldman - Chief Financial Officer Sherrie Holloway - Accounting Manager Andrey Mushakov - Executive Vice President, Nuclear Operations Jim Fornof - Vice President, Nuclear Program Management Operator Thank you for standing by and welcome to the Lightbridge Corporation Business Update and Fiscal Year 202 ...

10-K 1 ltbr_10k.htm FORM 10-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-34487 LIGHTBRIDGE CORPORATION (Exact name of registrant as specified in its charter) Nevada 91-1975651 (State or other jurisdiction of i ...

Lightbridge Corp (NASDAQ:LTBR) Q3 2020 Earnings Conference Call November 5, 2020 4:00 PM ET Company Participants Matthew Abenante - IR Seth Grae - President, CEO & Executive Director Andrey Mushakov - EVP, Nuclear Operations Lawrence Goldman - CFO Sherrie Holloway - Accounting Manager Conference Call Participants Operator Thank you for standing by, and welcome to the Lightbridge Corporation Business Update and Third Quarter 2020 Conference Call. Please note that today's call is being recorded. It is now my ...

10-Q 1 ltbr_10q.htm FORM 10-Q 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, 2020 ☐ 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 specifie ...

Lightbridge Corporation (NASDAQ:LTBR) Q2 2020 Results Earnings Conference Call August 11, 2020 4:00 PM ET Company Participants Matthew Abenante - Director, IR Seth Grae - President, CEO Lawrence Goldman - CFO Andrey Mushakov - EVP, Nuclear Operations James Fornof - VP, Nuclear Program Management Sherry Holloway - Accounting Manager Conference Call Participants Operator Greetings and welcome to the Lightbridge Corporation Business Update and Second Quarter 2020 Conference Call and Webcast. As a reminder, all ...

10-Q 1 ltbr_10q.htm FORM 10-Q 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, 2020 ☐ 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 ...

Financial Data and Key Metrics Changes - As of March 31, 2020, the company had $16.3 million in cash and cash equivalents, down from $17.9 million on December 31, 2019, representing a decrease of $1.6 million in Q1 2020 [31] - The net loss for Q1 2020 was $2.3 million compared to $3.1 million for Q1 2019, indicating an improvement in financial performance [39] - Total cash used in operating activities for Q1 2020 was $2 million, an increase from $1.5 million in Q1 2019, primarily due to employee compensation and professional fees [32] Business Line Data and Key Metrics Changes - Total corporate R&D costs amounted to $0.4 million in Q1 2020, down from $0.9 million in Q1 2019, reflecting a decrease in R&D activities with Framatome and Enfission [36] - General and administrative (G&A) expenses for Q1 2020 were $1.9 million, up from $1.3 million in Q1 2019, driven by increased professional fees and severance payments due to layoffs [37] Market Data and Key Metrics Changes - The average annual fuel spent per light water reactor is approximately $50 million, creating an addressable market of $21 billion at current capacity with 419 reactors operating worldwide [22] Company Strategy and Development Direction - The company aims to leverage its partnership with the U.S. Department of Energy (DOE) to advance its metallic fuel technology and align with the Nuclear Fuel Working Group's recommendations [19][55] - Lightbridge is exploring opportunities in the CANDU reactor market, which could provide economic benefits and improved safety [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future of nuclear energy, highlighting bipartisan support for nuclear power and the potential for advanced nuclear technologies to regain U.S. leadership in the sector [16][19] - The company is focused on preserving its cash runway to the end of 2021 while seeking additional funding opportunities and strategic alliances to support its R&D efforts [30] Other Important Information - The company has implemented significant budget cuts, including a 50% reduction in employee headcount, to navigate the challenges posed by COVID-19 [28] - A new employee stock purchase plan (ESPP) has been adopted to facilitate ownership of Lightbridge stock among eligible employees [40] Q&A Session Summary Question: Has Lightbridge applied for a PPP loan? - The company considered it but decided not to apply, believing its cash reserves are sufficient to last through the end of 2021 [45] Question: Have you considered selling and/or leasing patent rights to fund Lightbridge beyond December 2021? - Currently, the company is not pursuing this but is exploring opportunities related to CANDU reactors and other non-dilutive funding options [46] Question: Will Lightbridge Fuel be tested at TREAT or ORNL as part of the current GAIN Voucher? - The company expects to evaluate opportunities for testing at TREAT and ORNL in the future, but this work is outside the scope of the current GAIN Voucher [49] Question: What led to being awarded the GAIN Voucher? - The application emphasized technical merits, energy generation economics, enhanced safety, and engagement with leading U.S. utilities [50][51] Question: What pivotal milestones are expected in the next three to five years? - The company is focused on meeting the needs of existing large reactors and exploring opportunities in small modular reactors, with government support being crucial for success [53][54] Question: When must Lightbridge provide the metallic fuel material samples for the advanced test reactor? - The goal is to have the samples available for insertion into the ATR by late 2021, subject to various factors [59] Question: Are there similar CRADA projects Lightbridge is interested in? - The company plans to procure HALEU material and fabricate samples for the ATR experiment, with ongoing interest in various testing facilities [62] Question: Would Lightbridge entertain funding opportunities from utilities? - Yes, the company is open to funding opportunities from utilities while protecting its intellectual property rights [63]

10-Q 1 ltbr_10q.htm FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2020 ¨ 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 ...

Lightbridge Corp (NASDAQ:LTBR) Q4 2019 Earnings Conference Call March 18, 2020 4:00 PM ET Company Participants Matthew Abenante - IR, Porter, LeVay & Rose Seth Grae - President, CEO & Executive Director Andrey Mushakov - EVP, Nuclear Operations Lawrence Goldman - CFO Barbara Kanakry - Controller James Malone - SVP & Chief Nuclear Fuel Development Officer James Fornof - VP, Government Program Management Conference Call Participants Operator Thank you for standing by, and welcome to the Lightbridge Corporati ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-34487 LIGHTBRIDGE CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Nevada 91-1975651 ...