Lightbridge Corp Stock Price, News & Analysis

Lightbridge Corporation (LTBR) announced the receipt of a Notice of Allowance for a divisional patent from the U.S. Patent Office, enhancing its innovative metallic nuclear fuel assembly technology for pressurized water reactors. This patent broadens claims regarding the cladding design of fuel rods, improving performance and retrofitting capabilities in existing reactors. CEO Seth Grae emphasized the company's commitment to commercializing Lightbridge Fuel™ and the ongoing development of new intellectual property to enhance reactor safety and economic viability.

Lightbridge Corporation (LTBR) announced its third-quarter results for 2021, reporting a net loss of $1.9 million, down from $3.1 million in Q3 2020. The company had $16.1 million in cash, a decline from $21.5 million since year-end 2020. Operating cash outflows increased to $8.8 million primarily due to the dissolution of the Enfission joint venture and related legal costs. Lightbridge commenced its second GAIN voucher project focusing on fuel manufacturing, demonstrating progress in its nuclear fuel development. The company’s Board is now seven members strong, with new ESG oversight actions in place.

Lightbridge Corporation (LTBR) announced a Notice of Allowance for a divisional patent from the U.S. Patent Office concerning its innovative metallic nuclear fuel assembly. This patent expands claims for a mixed grid pattern design, essential for retrofitting existing and new nuclear reactors. CEO Seth Grae emphasized that this milestone strengthens the company's intellectual property and supports its strategy for commercialization. Lightbridge is focused on enhancing nuclear power's safety and economics, with patents pending in multiple countries.

Lightbridge Corporation (LTBR) announced its third-quarter financial results will be released on November 8, 2021, prior to market opening. A conference call will follow at 4 PM ET on the same day to discuss the results and updates on fuel development activities. Lightbridge specializes in advanced nuclear fuel technology, aiming to enable carbon-free energy solutions. The company continues to develop its proprietary Lightbridge Fuel™, which enhances safety and efficiency in nuclear reactors, and is recognized in the Russell Microcap® Index.

Lightbridge Corporation (Nasdaq: LTBR) has announced a significant milestone in its collaboration with the Idaho National Laboratory (INL) under the U.S. Department of Energy's GAIN program. The company successfully established a design and safety case for testing its proprietary Lightbridge Fuel in the Advanced Test Reactor (ATR). The project will test key thermophysical properties of Lightbridge Fuel, with plans for sample insertion following the ATR's maintenance outage. The initiative aligns with the DOE's goals for energy innovation and nuclear research.

Lightbridge Corporation (Nasdaq: LTBR) announced that its CEO, Seth Grae, will speak at the Virginia Energy Workforce Consortium’s Energy Workforce Development Pathways Summit on October 21, 2021. The summit aims to address workforce growth in Virginia’s energy sector, as outlined in the Virginia Clean Economy Act. Grae will participate in a panel discussing The Evolving Workforce of Virginia’s Energy Economy.

The summit will unite educators, energy industry leaders, and policymakers to explore future workforce needs, culminating in a Virginia Energy Workforce Roadmap to 2045.

Lightbridge Corporation (Nasdaq: LTBR) announced that it received a Notice of Acceptance for a key divisional patent from the Australia Patent Office for its innovative metallic nuclear fuel assembly design. This patent, based on a 2015 application, aims to enhance safety and economics in nuclear power generation. CEO Seth Grae highlighted Australia as a strategic market due to its uranium production and interest in nuclear energy. The company has also secured similar patents in Japan and Korea and is pursuing additional patents globally, including in the U.S. and China.

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.