Advanced Nuclear Fuel Technology
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Lightbridge Announces Participation in Upcoming Industry and Investor Events
GlobeNewswire News Room· 2025-07-09 12:00
Core Insights - Lightbridge Corporation is actively participating in several upcoming industry conferences to discuss its advanced nuclear fuel technology and strategic initiatives [1][2][3] Company Activities - The President and CEO of Lightbridge, Seth Grae, will engage in a virtual fireside chat on July 15, 2025, during the H.C. Wainwright Powering the Future Conference, focusing on recent developments in Lightbridge Fuel™ technology and the nuclear energy sector outlook [1] - Lightbridge will also hold one-on-one meetings with institutional investors at the 14th Annual Needham Virtual Industrial Tech, Robotics, & Clean Tech 1x1 Conference on August 18, 2025 [2] - The Fuel Development team from Lightbridge will participate in the TopFuel 2025 Conference from October 5–9, 2025, in Nashville, Tennessee, which is centered on nuclear reactor fuel performance [3] Company Overview - Lightbridge Corporation is dedicated to developing advanced nuclear fuel technology aimed at providing abundant, zero-emission clean energy and enhancing energy security globally [5] - The company is working on Lightbridge Fuel™, a next-generation nuclear fuel technology designed for existing light water reactors and pressurized heavy water reactors, which improves reactor safety, economics, and proliferation resistance [5] - Lightbridge is also developing fuel for new small modular reactors (SMRs) to support load-following with renewables on a zero-carbon electric grid [5] Strategic Partnerships - Lightbridge has established two long-term framework agreements with Battelle Energy Alliance LLC, the contractor for the U.S. Department of Energy's Idaho National Laboratory, to support the development of Lightbridge Fuel [6] - The company has received awards from the DOE's Gateway for Accelerated Innovation in Nuclear program to further its fuel technology development [6] - Lightbridge is involved in university-led studies through the DOE Nuclear Energy University Program at Massachusetts Institute of Technology and Texas A&M University [6]
Lightbridge to Participate in Nuclear Energy Summit in Zurich, Switzerland
Globenewswire· 2025-06-23 20:05
Core Insights - Lightbridge Corporation is participating in the Nuclear Energy Summit on June 27, 2025, in Zurich, Switzerland, with CEO Seth Grae as a panelist [1][2][3] Group 1: Company Overview - Lightbridge Corporation (NASDAQ: LTBR) focuses on advanced nuclear fuel technology aimed at providing clean, zero-emission energy and enhancing energy security globally [4] - The company is developing Lightbridge Fuel™, a next-generation nuclear fuel technology that improves reactor safety, economics, and proliferation resistance for existing light water reactors and small modular reactors (SMRs) [4] Group 2: Industry Engagement - The Nuclear Energy Summit, hosted by Arnova Capital AG, gathers industry leaders, policymakers, and investors to discuss advancements in nuclear energy technology, uranium production, and investment opportunities [2] - Seth Grae will participate in two panels: "The Fuel: Uranium Production and Refinement" and "The Future of Nuclear Energy," indicating the company's active engagement in industry discussions [3] Group 3: Strategic Partnerships - Lightbridge has established long-term agreements with Battelle Energy Alliance LLC, supporting the development of Lightbridge Fuel through the U.S. Department of Energy's initiatives [5] - The company is involved in university-led studies at Massachusetts Institute of Technology and Texas A&M University, furthering its research and development efforts [5]
Lightbridge Expects to Benefit from Advanced Expedited Testing Method in its Planned Irradiation Testing in the Advanced Test Reactor
GlobeNewswire News Room· 2025-06-03 12:00
Core Insights - Lightbridge Corporation is set to benefit from a new testing method called Fission Accelerated Steady-state Test (FAST) developed by Idaho National Laboratory, which will expedite the irradiation testing of advanced nuclear fuel samples [1][3] Group 1: Testing Method and Benefits - The FAST method utilizes increased enrichment levels to accelerate the irradiation testing process in the Advanced Test Reactor (ATR) [1][2] - Lightbridge's planned irradiation testing program aims to generate critical performance data for its advanced fuel, which is essential for regulatory licensing with the U.S. Nuclear Regulatory Commission (NRC) [3] - The company anticipates that the data obtained will facilitate expedited licensing under the ADVANCE Act and assist utilities in analyzing Lightbridge Fuel for commercial nuclear power plants [3] Group 2: Collaboration and Support - Lightbridge expresses gratitude to the U.S. Department of Energy (DOE) for providing Highly Enriched Uranium (HEU) and enabling the testing of fuel material samples using the FAST method [4] - The work is conducted under a Cooperative Research and Development Agreement (CRADA) between Lightbridge and Idaho National Laboratory, highlighting the importance of public-private partnerships in advancing clean energy technologies [4] Group 3: Company Overview - Lightbridge Corporation focuses on developing advanced nuclear fuel technology aimed at delivering zero-emission, clean energy and enhancing energy security globally [6] - The company is developing Lightbridge Fuel™, a next-generation nuclear fuel technology that improves reactor safety, economics, and proliferation resistance [6] - Lightbridge has entered into long-term agreements with Battelle Energy Alliance, the contractor for Idaho National Laboratory, and has received support from the DOE's Gateway for Accelerated Innovation in Nuclear program [7]
Lightbridge Set to Join Russell 2000® and 3000® Indexes
Globenewswire· 2025-05-27 15:00
Core Points - Lightbridge Corporation has been added to the Russell 3000® Index and the Russell 2000® Index, effective June 30, 2025, marking a significant milestone for the company [1][3] - The Russell indexes are based on market capitalization rankings and are widely used by investment managers and institutional investors, with approximately $10.6 trillion in assets benchmarked against them as of June 2024 [2][3] Company Overview - Lightbridge Corporation focuses on developing advanced nuclear fuel technology aimed at providing clean energy and enhancing energy security [7] - The company is working on Lightbridge Fuel™, a next-generation nuclear fuel technology that improves reactor safety, economics, and proliferation resistance [7] - Lightbridge has established long-term agreements with Battelle Energy Alliance and has received support from the Department of Energy for its fuel development [8][9] Industry Context - The Russell indexes are recalibrated annually to reflect the largest US stocks, ensuring they accurately represent the market [2][4] - FTSE Russell, the provider of the Russell indexes, is adapting to the evolving US economy and plans to transition to a semi-annual reconstitution frequency starting in 2026 [4]
Lightbridge Provides Business Update and Announces First Quarter 2025 Financial Results
GlobeNewswire News Room· 2025-05-12 11:00
Core Insights - Lightbridge Corporation reported significant advancements in its fuel development program, including a successful co-extrusion demonstration of a depleted uranium-zirconium alloy coupon sample, which is crucial for future production of enriched uranium samples for testing [2] - The company is strategically positioned to meet the growing global demand for reliable energy, particularly in the context of decarbonization and AI technologies, with its Lightbridge Fuel™ technology [2] - Lightbridge aims to support the U.S. commitment to increase nuclear power capacity, potentially raising its share of U.S. electricity from 19% to over 50% by 2050 [2] Financial Highlights - Working capital increased to $56.5 million as of March 31, 2025, from $39.9 million at December 31, 2024 [3] - Cash and cash equivalents rose to $56.9 million, up from $40.0 million at the end of 2024, marking an increase of $16.9 million [4] - Total assets were reported at $58.3 million, with total liabilities at $1.0 million, resulting in stockholders' equity of $57.3 million as of March 31, 2025 [4] Cash Flow Summary - Cash used in operating activities for Q1 2025 was $3.3 million, an increase of $1.4 million compared to $1.9 million in Q1 2024, primarily due to higher R&D and administrative expenses [6] - Cash provided by financing activities surged to $20.2 million, up from $1.2 million in Q1 2024, mainly due to increased net proceeds from common stock issuance [6] Operating Expenses - General and administrative expenses rose to $3.5 million in Q1 2025 from $2.2 million in Q1 2024, driven by higher employee compensation and consulting fees [7] - Total R&D expenses increased to $1.7 million in Q1 2025 from $1.0 million in Q1 2024, attributed to higher project labor costs and employee compensation [8] Net Loss - The net loss for Q1 2025 was $4.8 million, compared to a net loss of $2.8 million in Q1 2024, reflecting increased operating expenses [15][19]
Lightbridge Executive Vice President Dr. Andrey Mushakov Appointed to U.S. Nuclear Industry Council Board of Directors
Globenewswire· 2025-05-06 12:00
Core Viewpoint - Lightbridge Corporation has announced the appointment of Dr. Andrey Mushakov to the Board of Directors of the U.S. Nuclear Industry Council (USNIC), which is expected to enhance the company's collaboration with key stakeholders in advancing nuclear technology innovation [1][2][3] 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 [5] - 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 [5] - Lightbridge is also working on Lightbridge Fuel for new small modular reactors (SMRs) to provide similar benefits while enabling load-following with renewables on a zero-carbon electric grid [5] Industry Context - The U.S. Nuclear Industry Council (USNIC) serves as the leading business consortium advocate for nuclear energy, representing approximately 80 companies involved in nuclear innovation and supply chain development [4] - USNIC's initiatives include educational programs, industry insights, and market intelligence to support the success of the American nuclear industry in both domestic and global markets [4] Strategic Collaborations - Lightbridge has entered into long-term framework agreements with Battelle Energy Alliance LLC, the operating contractor for the Idaho National Laboratory, which is the U.S.'s primary nuclear energy research and development facility [6] - The company has received support from the Department of Energy's Gateway for Accelerated Innovation in Nuclear program for the development of Lightbridge Fuel [6] - Lightbridge is participating in university-led studies through the DOE Nuclear Energy University Program at prestigious institutions such as the Massachusetts Institute of Technology and Texas A&M University [6]
Lightbridge to Hold Business Update & First Quarter 2025 Earnings Conference Call on Monday, May 12 at 4 p.m. ET
Globenewswire· 2025-04-29 20:05
Core Viewpoint - Lightbridge Corporation is set to announce its financial results for Q1 FY 2025 on May 12, 2025, and will host a conference call to discuss these results and updates on fuel development activities [1]. Group 1: Financial Results Announcement - The financial results for the first quarter of fiscal year 2025 will be announced before the market opens on May 12, 2025 [1]. - A conference call will take place on the same day at 4:00 p.m. ET, led by the President and CEO, Seth Grae, with other executives available for questions [2]. Group 2: Company Overview - Lightbridge Corporation focuses on developing advanced nuclear fuel technology aimed at providing abundant, zero-emission clean energy and enhancing energy security globally [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 improves reactor safety, economics, and proliferation resistance [4]. Group 3: Strategic Partnerships and Research - Lightbridge has established two long-term framework agreements with Battelle Energy Alliance LLC, the contractor for the U.S. Department of Energy's 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 for the development of Lightbridge Fuel and is involved in university-led studies at MIT and Texas A&M University [5].