Lightbridge Corp Stock Price, News & Analysis

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.

Lightbridge Corporation (NASDAQ: LTBR) announced it will release its financial results for Q2 on August 10, 2020, after market close. A conference call will follow on August 11 at 4:00 p.m. ET to discuss these results and updates on fuel development. Interested parties can join by calling U.S.: 833-519-1295 or International: +1-914-800-3866, with a webcast available on their website. Lightbridge focuses on developing Lightbridge Fuel™, a next-generation nuclear fuel technology aimed at enhancing nuclear power's economics and safety.

Lightbridge Corporation (NASDAQ: LTBR) announced its membership in Gender Champions in Nuclear Policy, a network aimed at promoting gender equality in nuclear policy. This marks Lightbridge as the first company in the nuclear power sector to join. CEO Seth Grae emphasized the importance of breaking gender barriers to enhance the nuclear industry's efficiency and potential. Lightbridge is focused on developing Lightbridge Fuel™, an innovative nuclear fuel technology that aims to improve the safety and cost-effectiveness of nuclear reactors.

Lightbridge Corporation (NASDAQ: LTBR) reported its Q1 2020 financial results, highlighting a cash reserve of approximately $16.3 million and no debt. The net loss decreased to $2.3 million compared to $3.1 million in Q1 2019. Administrative expenses rose to $1.9 million, attributed to increased professional fees and severance payments. The company entered a Cooperative Research and Development Agreement with Battelle Energy Alliance, valued at around $845,000, mainly funded by the DOE. Cash used in operations increased by $0.5 million year-over-year.