Lightbridge Corp Stock Price, News & Analysis

Lightbridge Corporation (NASDAQ: LTBR) announced its involvement in a new report by the American Nuclear Society (ANS) focusing on the U.S. nuclear R&D landscape. The report, which includes contributions from its CEO Seth Grae, outlines the federal investment needed for advanced nuclear technology to support zero-carbon energy goals by 2030. It emphasizes nuclear power's role in job creation and combating climate change. Lightbridge aims to innovate nuclear fuel technology, enhancing safety and economy.

Lightbridge Corporation (NASDAQ: LTBR) announced receipt of a Notice of Allowance for a new patent from the Korean Intellectual Property Office, covering innovative designs for metallic fuel rods. This includes an alternative design where the rod's centerline is offset from its center of mass and a unique fuel assembly. CEO Seth Grae emphasized that this patent expands their portfolio, enhancing intellectual property protection for Lightbridge Fuel™, which aims to facilitate commercialization globally. The company focuses on safety, economic efficiency, and national security in the nuclear energy sector.

Lightbridge Corporation (NASDAQ: LTBR) will have its President & CEO, Seth Grae, participate in a panel discussion titled Nuclear Beyond Power: Hydrogen, Heat, and Desalination at the 2021 Atlantic Council Global Energy Forum on January 20, 2021, at 10:00 a.m. Abu Dhabi time (1 a.m. ET). The Forum will be livestreamed and focuses on the post-pandemic energy system and net-zero carbon goals. Lightbridge Corporation is innovating nuclear fuel technology to enhance safety and economics in nuclear power, aiming for a sustainable energy future.

Lightbridge Corporation (NASDAQ: LTBR) announced the receipt of Patent No. 036359 from the Eurasian Patent Office for its innovative nuclear fuel assemblies featuring multi-lobe fuel rods arranged in a mixed grid pattern. This patent supports the company's mission to enhance the efficiency, cost-competitiveness, and safety of both existing and new nuclear power plants. CEO Seth Grae emphasized the significance of this patent in validating their advanced nuclear fuel technology, aligning with their goal of combating climate change while ensuring national security.

Lightbridge Corporation (NASDAQ: LTBR) reported its financial results for Q3 2020, with a net loss of $3.1 million, an increase from $2.4 million in Q3 2019. Cash and cash equivalents totaled $17.4 million, with no debt. Operating expenses rose by $1.4 million, largely due to legal fees and increased employee compensation. R&D expenses decreased by $0.5 million as the company pivots from Enfission to a new fuel strategy in collaboration with the U.S. Department of Energy. The company has achieved a GAIN voucher worth over $600,000, indicating strong government support for advanced nuclear technologies.

Lightbridge Corporation (NASDAQ: LTBR) will release its third quarter financial results for 2020 on November 4, 2020, after market close. A conference call, led by CEO Seth Grae, is scheduled for November 5 at 4:00 p.m. ET to discuss the results and provide updates on fuel development activities. Lightbridge is focused on developing its proprietary Lightbridge Fuel™ technology, which aims to enhance nuclear power's economics and safety. The company will operate under a licensing and royalty model, anticipating strong ROI for nuclear reactor operators.

Lightbridge Corporation announced that its CEO, Seth Grae, will be featured in the Atlantic Council's EnergySource Innovation Stream on September 17 at 8:30 a.m. Eastern Time. The discussion will focus on Lightbridge Fuel™ and its potential to transform the nuclear energy sector by addressing climate and energy challenges. Grae will highlight the advantages of Lightbridge Fuel, including increased power, longer fuel cycles, and improved economics. This event aims to underscore the necessity of nuclear innovation in meeting global energy demands.

Lightbridge Corporation has advised that readers should disregard the news release dated January 6, 2020, which provided a video demonstration of their co-extrusion manufacturing process for Lightbridge Fuel™ rods. The retraction emphasizes the need for accuracy in media reporting regarding the company's innovations and developments in nuclear fuel technology.

Lightbridge Corporation (NASDAQ: LTBR) announced a significant enhancement to its intellectual property portfolio, receiving a Notification of Patent Grant from the Korean Intellectual Property Office for a divisional patent application regarding the manufacturing method for its Lightbridge Fuel™ rods. This patent adds to a growing list of global patents and marks potential market opportunities in South Korea, where nuclear reactors supply a third of the nation’s electricity. The company's strategic focus on intellectual property aims to leverage competitive advantages in the evolving nuclear technology landscape.