Financial Data and Key Metrics Changes - Cash and cash equivalents increased to $97.9 million at the end of Q2 2025 from $40 million at the end of 2024, indicating a significant strengthening of the financial position [20] - Working capital rose to $97.2 million as of June 30, 2025, compared to $39.9 million at December 31, 2024, highlighting improved liquidity [20] - Net loss for Q2 2025 was $3.5 million, up from $2.4 million in Q2 2024, reflecting increased operational costs [22] - Total R&D expenses increased to $1.6 million in Q2 2025 from $900,000 in Q2 2024, driven by heightened R&D activities [22] - General and administrative expenses rose to $2.5 million in Q2 2025 from $1.8 million in Q2 2024, primarily due to increased IT services and professional fees [22] Business Line Data and Key Metrics Changes - Significant milestones achieved in the fuel development program, including the co-extrusion of an eight-foot rod and successful fabrication of enriched uranium zirconium alloy coupon samples [5][10] - Collaboration with Ocla to explore co-location of commercial fuel fabrication facilities and advanced fuel recycling [6][9] Market Data and Key Metrics Changes - Inclusion in the Russell 2000 and Russell 3000 indexes enhances visibility among institutional investors, reflecting the company's growing market presence [7] - The political landscape has become supportive of nuclear energy, with executive orders prioritizing nuclear energy deployment and efficiency [15][17] Company Strategy and Development Direction - The company aims to advance its technology through rigorous testing and demonstration, focusing on maximizing the potential of existing nuclear fleets and next-generation reactors [19] - Plans to complete site selection and begin deployment of a Lightbridge fuel fabrication facility to produce various fuel components [13] Management's Comments on Operating Environment and Future Outlook - Management highlighted a favorable political and regulatory environment that may facilitate the development of advanced nuclear fuel designs [5] - The company believes it is well-positioned to benefit from supportive government policies and increasing global demand for nuclear energy [18] Other Important Information - The company is strategically positioned at the forefront of fuel innovation, with a focus on developing technology to meet evolving global energy demands [19] Q&A Session Summary - No questions were submitted for this call, indicating a lack of immediate inquiries from stakeholders [24]

Financial Data and Key Metrics Changes - The company's working capital position increased to $56.5 million as of March 31, 2025, compared to $39.9 million at December 31, 2024 [16] - Total cash and cash equivalents rose to $56.9 million from $40 million at December 31, 2024, marking an increase of $16.9 million for the first quarter [17] - Net loss for the first quarter was $4.8 million, compared to $2.8 million for the same period in 2024 [19] Business Line Data and Key Metrics Changes - Total R&D expenses for the first quarter amounted to $1.7 million, up from $1 million in the first quarter of 2024, primarily due to increased labor costs and employee compensation [19][20] - Total G&A expenses increased to $3.5 million from $2.2 million in the first quarter of 2024, driven by higher employee compensation and consulting fees [20] Market Data and Key Metrics Changes - The nuclear energy sector is experiencing significant momentum, with increasing government support and public acceptance driving demand for nuclear power [5][12] - Major technology companies are increasingly interested in nuclear power to meet energy demands, particularly for data centers [7][13] Company Strategy and Development Direction - The company is focused on executing its development plan and demonstrating the capabilities of its proprietary Lightbridge Fuel technology [8][15] - Lightbridge aims to capitalize on the growing demand for advanced nuclear technologies, particularly in the context of energy security and decarbonization goals [12][15] Management's Comments on Operating Environment and Future Outlook - Management highlighted a favorable environment for nuclear energy, driven by the global imperative to achieve net-zero emissions and increasing energy security needs [12][15] - The company is well-positioned to benefit from the growing recognition of nuclear power's role in supporting energy-intensive industries [13][15] Other Important Information - The company plans to invest approximately $17 million in CapEx and operating expenditures for R&D development of its nuclear fuel in 2025 [18] - Lightbridge is exploring synergies with Ocla for potential collaboration on fuel fabrication and recycling of spent fuel [10] Q&A Session Summary Question: Can we expect to see Lightbridge receive DOE financing in the near future? - Management expressed uncertainty but indicated that the company is well-positioned for future support and is actively pursuing non-dilutive funding opportunities, including DOE funding [23] Question: Has Lightbridge gotten out of the thorium business entirely or have you just backburnered it? - Management confirmed that while they are not actively pursuing thorium-based fuel design, they still hold patents and could resume development if there is customer interest [24]

Financial Data and Key Metrics Changes - The company's working capital position increased to $56.5 million as of March 31, 2025, compared to $39.9 million at December 31, 2024 [17] - Total cash and cash equivalents rose to $56.9 million from $40 million at December 31, 2024, marking an increase of $16.9 million for the first quarter [18] - The net loss for the first quarter ended March 31, 2025, was $4.8 million, compared to $2.8 million for the same period in 2024 [20] Business Line Data and Key Metrics Changes - Total R&D expenses for the first quarter of 2025 amounted to $1.7 million, up from $1 million in the first quarter of 2024, primarily due to increased project labor costs and employee compensation [20] - Total G&A expenses increased to $3.5 million for the first quarter of 2025, compared to $2.2 million in the first quarter of 2024, driven by higher employee compensation and consulting fees [21] Market Data and Key Metrics Changes - The global nuclear energy sector is experiencing significant momentum, with increasing government support and public acceptance driving demand for nuclear power [6][12] - Major technology companies are increasingly looking to nuclear power to meet energy demands, particularly for data centers, indicating a shift in market dynamics [7][13] Company Strategy and Development Direction - The company is focused on executing its development plan and demonstrating the capabilities of its proprietary Lightbridge Fuel technology, which is designed to enhance performance and safety in nuclear reactors [8][16] - Lightbridge is exploring collaborations, such as the MOU with Ocla, to evaluate the feasibility of co-locating fuel fabrication facilities, which could lead to cost savings [10][19] Management's Comments on Operating Environment and Future Outlook - Management highlighted the critical need for resilient baseload energy sources, particularly in light of recent events like the blackout in Spain, reinforcing the role of nuclear power [6][16] - The company believes it is well-positioned to capitalize on the growing demand for advanced nuclear technologies, supported by favorable government policies and investment trends [12][16] Other Important Information - The company plans to invest approximately $17 million in CapEx and operating expenditures for R&D development of its nuclear fuel in 2025 [19] - The company continues to seek government funding and strategic alliances to support its future R&D activities [19] Q&A Session Summary Question: Can we expect to see Lightbridge receive DOE financing in the near future? - Management indicated uncertainty regarding DOE actions but expressed confidence in being well-positioned for future support, having benefited from previous DOE funding [24] Question: Has Lightbridge gotten out of the thorium business entirely or have you just backburnered it? - Management clarified that while they are not actively pursuing thorium-based fuel designs, they still hold relevant patents and could resume development if customer interest arises [26]