Welcome to our dedicated page for Lightbridge news (Ticker: LTBR), a resource for investors and traders seeking the latest updates and insights on Lightbridge stock.
Lightbridge Corporation (NASDAQ: LTBR) is an advanced nuclear fuel technology company developing Lightbridge Fuel™, a proprietary metallic fuel concept for existing light water reactors, pressurized heavy water reactors, and new small modular reactors. The LTBR news feed highlights company announcements that trace the progress of this fuel technology from design to fabrication, testing, and licensing-related activities.
Investors and industry observers following LTBR news will see updates on research milestones, such as co-extrusion of demonstration rods, fabrication of enriched uranium-zirconium alloy samples, and the start of irradiation testing campaigns in the Advanced Test Reactor at Idaho National Laboratory under a Cooperative Research and Development Agreement. The company also reports on post-irradiation examination plans and technical papers presented at conferences like the American Nuclear Society’s TopFuel meeting, which it describes as supporting peer-reviewed validation of Lightbridge Fuel performance and safety characteristics.
Lightbridge news releases frequently cover collaborations and policy-related developments. Examples include long-term framework agreements with Battelle Energy Alliance at Idaho National Laboratory, awards from the U.S. Department of Energy’s Gateway for Accelerated Innovation in Nuclear program, participation in university-led studies, and memoranda of understanding with other nuclear technology companies to evaluate potential co-location of fuel fabrication facilities and use of legacy materials. The company also issues periodic business updates and quarterly financial results, detailing research and development spending, capital raised through at-the-market offerings, and its cash position.
Readers can use this LTBR news page to monitor company conference appearances, policy summit participation, patent developments such as new multi-zone fuel rod patents, and other disclosures that Lightbridge identifies as important to its advanced nuclear fuel development roadmap.
Lightbridge Corporation (NASDAQ: LTBR) reported its Q1 2021 financial results, highlighting a strong start to the year. The company received a second voucher from the DOE’s GAIN program for a project with the Pacific Northwest National Laboratory, valued at approximately $664,000. Lightbridge successfully demonstrated its proprietary manufacturing process for nuclear fuel rods and received two key patents. However, cash and cash equivalents fell to $15.2 million from $21.5 million, and net loss decreased to $2 million from $2.3 million year over year. Working capital also declined by $1.9 million.
Lightbridge Corporation (NASDAQ: LTBR) has announced a successful demonstration of its proprietary manufacturing process for six-foot rods using surrogate materials. This process utilizes a patented high-temperature coextrusion technique, which aims to manufacture high-assay low-enriched uranium (HALEU) rodlets for future testing. The development is geared towards enhancing the safety and economics of Small Modular Reactors (SMRs), potentially reducing electricity generation costs and supporting climate goals. The company is positioning itself as a leader in advanced nuclear fuel technology.
Lightbridge Corporation (NASDAQ: LTBR) announced that Dr. Aaron Totemeier will participate in the U.S. Nuclear Waste Technical Review Board meeting on May 12-13, 2021. Dr. Totemeier will present on May 12 about Lightbridge’s advanced nuclear fuels and their impact on spent nuclear fuel management. He will also join a panel discussion on May 13 regarding new fuel designs and their implications for the nuclear fuel cycle. Lightbridge's metallic fuel design offers enhanced safety and economic benefits, with potential for recycling through existing technologies.
Lightbridge Corporation (Nasdaq: LTBR) will release its Q1 financial results on May 11, 2021, followed by a conference call on May 12 at 4:00 p.m. ET. The conference will cover financial outcomes and updates on fuel development activities. Lightbridge is focused on commercializing its next-generation nuclear fuel technology, Lightbridge Fuel™, which aims to improve reactor safety and economics. The company has received support from the U.S. Department of Energy and holds over 200 patents worldwide.
Lightbridge Corporation (NASDAQ: LTBR) announced participation in a panel discussion on the future of nuclear energy, scheduled for April 16, 2021. CEO Seth Grae will engage in discussions centered on whether nuclear energy can offer solutions for sustainable development. The event, hosted by Chennai International Centre, will also feature Dr. Anil Kakodkar, former Chairman of the Atomic Energy Commission of India. Lightbridge is engaged in advanced nuclear fuel technology, developing proprietary fuel for both small modular reactors and existing light-water reactors.
Lightbridge Corporation (NASDAQ: LTBR) announced receiving its second voucher from the U.S. Department of Energy (DOE) under the GAIN program to advance Lightbridge Fuel™ development. The project, in collaboration with the Pacific Northwest National Laboratory (PNNL), is valued at approximately $664,000, with the DOE funding three-quarters. Set to begin in the first half of 2021, it aims to demonstrate a critical nuclear fuel casting process using depleted uranium. CEO Seth Grae emphasized the validation of their technology and the significance of the collaboration.
Lightbridge Corporation (NASDAQ: LTBR) reported its fiscal year 2020 results, showcasing a net loss of $14.4 million, up from $10.7 million in 2019. Despite the COVID-19 challenges, the company secured a GAIN voucher from the U.S. Department of Energy and settled disputes with Framatome, allowing for more freedom in fuel development. Cash and cash equivalents rose to $21.5 million from $18.0 million. General and administrative expenses increased due to arbitration costs, while R&D costs decreased significantly, focusing on Small Modular Reactors (SMRs) to support a decarbonized energy future.
On March 22, 2021, Lightbridge Corporation (NASDAQ: LTBR) announced a Settlement Agreement with Framatome to dissolve their joint venture, Enfission. As part of the agreement, Lightbridge will pay approximately $4.2 million to cover unpaid invoices and costs incurred by Framatome. Both companies will continue their technology developments independently while retaining intellectual property rights. This move resolves all past disputes between the companies and ends their joint venture agreements.
Lightbridge Corporation (NASDAQ: LTBR) will announce its fiscal year 2020 financial results on March 24, 2021, post-market close. A conference call is scheduled for March 25 at 4:00 p.m. ET, hosted by CEO Seth Grae, to discuss results and fuel development updates. The company is focused on advancing its proprietary Lightbridge Fuel™ technology, aiming to enhance the efficiency and safety of nuclear energy. This technology is anticipated to deliver high returns on investment for nuclear operators. For more details, visit the company's website.
Lightbridge Corporation (NASDAQ: LTBR) commended the Virginia Nuclear Energy Consortium for its new strategic plan aimed at enhancing nuclear energy in Virginia. The plan, 'Virginia Is Nuclear,' outlines a four-year strategy to leverage nuclear power for economic development and environmental protection. It aims to maintain a significant portion of Virginia's carbon-free energy while fostering nuclear technology innovation and workforce development. CEO Seth Grae emphasized the plan's importance for the state's energy goals and innovation leadership.
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