Lightbridge(US:LTBR)2025-05-12 13:00Financial Performance - Net loss for the first quarter of 2025 was $4.8 million, compared to a net loss of $2.8 million for the same period in 2024[15] - Cash used in operating activities was $3.3 million for Q1 2025, an increase of $1.4 million compared to $1.9 million in Q1 2024[7] - General and administrative expenses amounted to $3.5 million for Q1 2025, compared to $2.2 million in Q1 2024[6] Assets and Liabilities - Total assets were $58.3 million, while total liabilities were $1.0 million at March 31, 2025[5] - Working capital increased to $56.5 million as of March 31, 2025, up from $39.9 million at December 31, 2024[3] - Cash and cash equivalents rose to $56.9 million, reflecting an increase of $16.9 million compared to $40.0 million at December 31, 2024[4] Research and Development - Research and development expenses increased to $1.7 million for Q1 2025, up from $1.0 million in Q1 2024, primarily due to higher project labor costs[15] Financing Activities - Cash provided by financing activities surged to $20.2 million in Q1 2025, compared to $1.2 million in Q1 2024, mainly due to net proceeds from common stock issuance[7] Strategic Initiatives - Lightbridge Corporation is positioned to support the U.S. goal of tripling nuclear power capacity globally by 2050, potentially increasing nuclear's share of U.S. electricity from 19% to over 50%[2] - The company has established a memorandum of understanding with Oklo to explore synergies in fuel fabrication and recycling of spent uranium-zirconium fuel[2]