Lightbridge Corp Stock Price, News & Analysis

Lightbridge Corporation (Nasdaq: LTBR) announced the appointment of Dr. Sweta Chakraborty and Mark Tobin as independent directors, effective immediately. Dr. Chakraborty will chair the new Environmental Social & Governance (ESG) Committee, emphasizing the company's commitment to sustainability and responsibility. Mr. Tobin will chair the Compensation Committee. Their expertise is expected to enhance Lightbridge's strategies in climate change and nuclear energy innovation.

Lightbridge Corporation (Nasdaq: LTBR) announced the receipt of a Notice of Allowance for a key divisional patent in Japan regarding its innovative metallic fuel rod and assembly design for CANDU-type reactors. This patent, part of a broader portfolio initiated in 2015, aims to enhance nuclear power's safety and economics. CEO Seth Grae highlighted that the patent strengthens their position in a crucial market, especially amid rising uranium prices and increasing global nuclear energy demand in light of carbon reduction goals.

Lightbridge Corporation (NASDAQ: LTBR) announced the resignation of Kathleen Kennedy Townsend from its Board of Directors, effective immediately. Townsend served on the board for eight years, including as Audit Committee chair. CEO Seth Grae expressed gratitude for her contributions and noted her new role in the Biden administration at the U.S. Department of Labor. Lightbridge is known for developing advanced nuclear fuel technology, particularly Lightbridge Fuel™, which aims to improve reactor safety and efficiency.

Lightbridge Corporation (NASDAQ: LTBR) announced a Notice of Allowance from the Canadian Intellectual Property Office for a significant patent covering the design and manufacturing method of its all-metal PWR fuel assembly. This achievement reinforces Lightbridge's strong intellectual property portfolio, already established in key global markets including the U.S., Canada, and China. CEO Seth Grae emphasized that this patent enhances the company's position in the nuclear fuel sector, contributing to their goal of promoting carbon-free energy applications.

Lightbridge Corporation (NASDAQ:LTBR) announced that CEO Seth Grae will present at the SNN Network Summer Virtual Event 2021 on August 19 at 10:00 AM ET. The event aims to showcase Lightbridge's innovative nuclear fuel technology, designed to enhance reactor safety and economics. The company has been awarded by the U.S. Department of Energy's Gateway for Accelerated Innovation in Nuclear program. Those interested can register for one-on-one meetings and access the presentation via the virtual event platform.

Lightbridge Corporation (NASDAQ: LTBR) reported second-quarter financial results for 2021, ending June 30. The CEO, Seth Grae, highlighted advancements in fuel development, including the successful demonstration of a proprietary manufacturing process.

The company received its second GAIN voucher from the U.S. Department of Energy, enabling further research in nuclear fuel casting. Financially, cash and equivalents decreased to $13.8 million from $21.5 million at the end of 2020, while net loss reduced to $1.6 million from $2.1 million year-over-year.

Lightbridge Corporation (Nasdaq: LTBR) announced the appointment of Jesse Funches to its Board of Directors, effective immediately. Funches, a former CFO of the U.S. Nuclear Regulatory Commission, will also chair the Audit Committee. His extensive experience in regulatory policies and financial management is expected to guide the company's fuel development initiatives. The appointment comes as Lightbridge progresses in its fuel development, including receiving a second GAIN voucher from the Department of Energy. This leadership change aims to strengthen Lightbridge’s efforts in commercializing its next-generation nuclear fuel technology.

Lightbridge Corporation (NASDAQ: LTBR) announced that Dr. Andrey Mushakov will participate in a panel on Accident Tolerant Fuels at the American Nuclear Society Utility Working Conference on August 10, 2021. The conference is scheduled for August 8-11 in Marco Island, FL. Dr. Mushakov will discuss the economic performance benefits of these fuels, focusing on enhanced safety and operational flexibility. Lightbridge is developing Lightbridge Fuel™, a proprietary technology aimed at improving safety and efficiency in nuclear reactors.

Lightbridge Corporation (NASDAQ: LTBR) will release its second-quarter financial results on August 9, 2021. The announcement comes in conjunction with a conference call at 4 PM ET, where executives will discuss the results and updates on fuel development activities. The company focuses on advanced nuclear fuel technology, particularly its proprietary Lightbridge Fuel™, aimed at enhancing reactor safety and efficiency. Lightbridge has received support from the U.S. Department of Energy and holds a robust patent portfolio.