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) provides cutting-edge nuclear fuel solutions for modern reactor systems. This news hub delivers official updates and analysis on the company's technological advancements, regulatory progress, and strategic partnerships. Investors and industry professionals will find comprehensive coverage of earnings reports, R&D milestones, and developments related to Lightbridge's proprietary Helical Cruciform Fuel technology.
Our curated collection offers timely access to press releases detailing fuel performance validations, licensing agreements, and safety analysis outcomes. Track the company's progress in enhancing reactor efficiency through advanced metallic fuel designs while staying informed about its role in sustainable energy innovation. Content is rigorously verified to ensure accuracy and relevance for both technical experts and general observers.
Key updates include regulatory filings with nuclear agencies, collaborative projects with energy partners, and patent developments for next-generation fuel systems. Bookmark this page for streamlined access to Lightbridge's latest corporate announcements and position yourself at the forefront of nuclear fuel technology developments.
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.
Lightbridge Corporation (Nasdaq: LTBR) has received a Notice of Allowance from the U.S. Patent and Trademark Office for Patent Application #15/900,071. This patent covers a method for manufacturing metallic fuel rods through co-extrusion, which strengthens the company’s intellectual property in nuclear fuel technology. CEO Seth Grae emphasized that Lightbridge Fuel™ enhances reactor efficiency with a 30% power uprate, contributing to U.S. climate goals. The company aims to commercialize its technology, enhancing safety and economics in nuclear energy production.
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.
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