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) announced its second-quarter financial results for 2022, highlighting significant advancements in its Lightbridge Fuel™ technology. The company reported cash and cash equivalents of $29.3 million, a rise from $24.7 million at the end of 2021. Lightbridge's net loss for Q2 was $1.5 million, slightly improved from $1.6 million in the same quarter of 2021. The company maintains a strong balance sheet with total assets of $29.8 million and no debt. Major developments include the EU's classification of nuclear energy as 'green', which could boost investment in the sector.
Lightbridge Corporation (NASDAQ: LTBR) announced it will release its Q2 2022 financial results after market close on July 27, 2022. A live webcast is scheduled for July 28 at 4 PM ET, where company executives will discuss financials and fuel development updates. Lightbridge specializes in advanced nuclear fuel technology, aiming to support carbon-free energy applications. They are developing Lightbridge Fuel™ for small modular and existing reactors, with backing from the U.S. Department of Energy.
Curio has signed a Memorandum of Understanding (MOU) with Lightbridge Corporation (NASDAQ: LTBR) to collaborate on developing nuclear technologies, particularly TRUfuel™ technology. This partnership aims to secure an adequate fuel supply for existing nuclear reactors and the next generation of small modular reactors. Curio's CEO emphasized the importance of this collaboration for U.S. nuclear energy leadership, while Lightbridge’s CEO expressed excitement over potential governmental funding opportunities for advanced nuclear technologies.
Lightbridge Corporation (LTBR) announced a Notice of Allowance from the Canadian Intellectual Property Office for a patent aimed at enhancing its Lightbridge Fuel™ technology. This patent expands its claims for a square fuel assembly with metallic fuel rods in a mixed grid pattern. CEO Seth Grae highlighted Canada's potential market for the company’s products, given the 22 reactors active in the country. The company holds pending patents in multiple nations, reinforcing its innovative nuclear fuel technology's market prospects and intellectual property protection.
Lightbridge Corporation (Nasdaq: LTBR) announced the appointment of Dr. Aaron Totemeier to the Advanced Nuclear Energy Technologies Working Group of the Virginia Nuclear Energy Consortium. This initiative aims to promote advanced small modular reactors in Virginia, following Virginia House Bill 894. The group’s first meeting is set for July 11, 2022, with key stakeholders from various organizations participating. Dr. Totemeier emphasized the importance of accelerating next-generation nuclear technologies, as Lightbridge develops its proprietary Lightbridge Fuel™ to enhance operational efficiencies and support climate change initiatives.
Lightbridge Corporation (Nasdaq: LTBR) announces a collaboration with MIT following their receipt of approximately $800,000 from the U.S. Department of Energy to study Accident Tolerant Fuels in Small Modular Reactors (SMRs). The project aims to simulate the fuel and safety performance of Lightbridge Fuel™ in a NuScale Power SMR. This collaboration aligns with Lightbridge's focus on the future of nuclear energy. The DOE has previously awarded Lightbridge funding through the GAIN program, indicating ongoing governmental support for advanced nuclear technologies.
Lightbridge Corporation (NASDAQ: LTBR) announced that its President and CEO, Seth Grae, will appear on the TD Ameritrade Network on June 14, 2022, at 4:10 PM ET. During the segment, Grae will discuss the role of nuclear power in addressing rising gas prices and food shortages, highlighting the advantages of Lightbridge Fuel™ in the nuclear sector. The company's innovative fuel technology focuses on enhancing safety and economics for small modular and existing large light-water reactors. Lightbridge is recognized in the Russell Microcap® Index and is supported by a comprehensive patent portfolio.
Lightbridge Corporation (Nasdaq: LTBR) announced that CEO Seth Grae will participate as a panelist at the STHLM+50 Climate Hub on June 2, 2022. The event, organized by the United Nations Development Programme, focuses on achieving energy security while meeting climate goals. Grae emphasizes the role of nuclear energy alongside renewables in addressing climate challenges. The event includes experts from various fields and will be streamed live. Lightbridge is recognized for developing its proprietary Lightbridge Fuel™, aimed at enhancing nuclear energy safety and efficiency.
Lightbridge Corporation (Nasdaq: LTBR) announced its Q1 2022 financial results, showing strong working capital of $28.2 million with no debt. Cash and cash equivalents increased by $3.5 million from Q4 2021 to $28.2 million. Cash used in operating activities decreased to $1.9 million due to the dissolution of the Enfission joint venture. The company reported a net loss of $2 million for both Q1 2022 and Q1 2021. Lightbridge is advancing fuel development and negotiating contracts with the U.S. Department of Energy for further commercialization efforts.
Lightbridge Corporation (Nasdaq: LTBR) announced a Notice of Allowance from the Eurasian Patent Office for its CANDU-type nuclear fuel assembly design, enhancing its intellectual property portfolio in a significant market. This divisional patent is part of a broader strategy to support the development of Lightbridge Fuel™, aimed at improving safety and efficiency in existing reactors, including CANDU-type pressurized heavy water reactors. Lightbridge continues to position itself as a leader in advanced nuclear fuel technology, with a focus on carbon-free energy applications.
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