Lightbridge Provides Business Update and Announces Third Quarter 2025 Financial Results

Core Insights - Lightbridge Corporation reported significant advancements in its nuclear fuel technology development during the first nine months of 2025, transitioning from design concepts to physical fabrication and testing readiness [2] - The company achieved critical milestones, including the co-extrusion of an eight-foot demonstration rod and the successful loading of enriched uranium-zirconium alloy samples into an experiment assembly [2] - The supportive policy environment for nuclear energy, particularly under President Trump's Executive Orders, aligns with Lightbridge's capabilities and development roadmap [2] Financial Highlights - Working capital increased to approximately $153.1 million as of September 30, 2025, compared to $39.9 million at the end of 2024 [3] - Cash and cash equivalents rose to $153.3 million from $40.0 million at December 31, 2024, marking an increase of $113.3 million for the nine months ended September 30, 2025 [4] - Total assets were $155.1 million, while total liabilities were $1.6 million as of September 30, 2025 [4] Cash Flow Summary - Cash used in operating activities for the nine months ended September 30, 2025, was $8.1 million, an increase of $2.4 million compared to the same period in 2024 [6] - Cash provided by financing activities for the nine months ended September 30, 2025, was $121.4 million, a significant increase from $3.7 million in the prior year [6] Operational Summary - General and administrative expenses for the third quarter of 2025 were $3.2 million, up from $1.7 million in the same quarter of 2024 [12] - Research and development expenses for the third quarter of 2025 totaled $2.0 million, compared to $1.3 million in the prior year [12] - The net loss for the third quarter of 2025 was $4.1 million, compared to $2.7 million for the same quarter in 2024 [12] Future Outlook - Lightbridge plans to host a conference call to discuss financial results and fuel development activities, indicating ongoing engagement with stakeholders [8]