Lightbridge Provides Business Update and Announces Second Quarter 2025 Financial Results

Core Insights - Lightbridge Corporation reported significant advancements in its nuclear fuel technology during the first half of 2025, achieving critical milestones that enhance its future prospects [2][12] - The political climate is increasingly supportive of nuclear energy, bolstered by recent executive orders from President Trump aimed at promoting advanced nuclear technologies [2] - The company has a robust financial position with $97.9 million in cash and cash equivalents and $97.2 million in working capital as of June 30, 2025, marking a substantial increase from the previous year [3][4] Financial Highlights - Cash and cash equivalents increased by $57.9 million from $40.0 million at December 31, 2024, to $97.9 million as of June 30, 2025 [4] - Working capital rose from $39.9 million at December 31, 2024, to $97.2 million at June 30, 2025 [3] - Total assets were reported at $99.0 million, with total liabilities at $1.2 million, resulting in stockholders' equity of $97.8 million [4][16] Operational Summary - General and administrative expenses for Q2 2025 were $2.5 million, up from $1.8 million in Q2 2024, primarily due to increased professional fees and stock-based compensation [5][11] - Research and development expenses for Q2 2025 totaled $1.6 million, compared to $0.9 million in Q2 2024, reflecting heightened R&D activities [11] - The net loss for Q2 2025 was $3.5 million, compared to a net loss of $2.4 million in Q2 2024 [11][18] Cash Flow Summary - Cash used in operating activities for the first half of 2025 was $5.6 million, an increase from $3.7 million in the same period of 2024, driven by higher R&D and administrative expenses [6][19] - Cash provided by financing activities surged to $63.5 million in the first half of 2025, compared to $2.2 million in the same period of 2024, largely due to common stock issuance [6][19] Strategic Partnerships and Developments - Lightbridge has established long-term agreements with Battelle Energy Alliance LLC to support the development of its nuclear fuel technology [12] - The company is involved in university-led studies through the DOE Nuclear Energy University Program, enhancing its research capabilities [12]