Lightbridge Corporation

McLean, VA, United States

Lightbridge Corporation

McLean, VA, United States
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RESTON, Va., May 30, 2017 (GLOBE NEWSWIRE) -- Lightbridge Corporation (NASDAQ:LTBR), a U.S. nuclear energy company, today announced that it has received a Notice of Allowance in the People’s Republic of China for another key patent covering a tri-lobe variant of its extruded metallic fuel rods used in Russian-type VVER reactors. The actual grant of the patent is contingent upon payment of the issuance fee which has since been paid by Lightbridge.  The patent is expected to be issued in the coming weeks. Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, “This latest patent expands the scope of our patent protection in China by adding coverage for Russian-type VVER reactors, which are the dominant type of reactors currently under construction worldwide. China has two VVER-1000 reactors in operation at the Tianwan site, with two more VVER-1000 units under construction and an additional two VVER-1200 reactors being proposed for construction at the same site. With our previously issued patents covering Western-type PWR reactors, we have built a robust patent portfolio in China, which represents a significant market for Lightbridge metallic fuel for deployment in both existing and new-build reactors.” China has 36 nuclear power reactors currently in operation and 21 under construction. Additional reactors are planned, to give more than a three-fold increase in nuclear capacity to at least 58 GWe by 2020-21, then up to 150 GWe by 2030, and much more by 2050, making China the largest growth market in the world for nuclear power, according to the most current data compiled by the World Nuclear Association. “Lightbridge metallic fuel could be particularly attractive in China, to offer a 30% power uprate capability to new-build PWR and VVER nuclear power plants, resulting in an estimated 13% reduction in upfront capital costs to build the plants. Based on an estimated capital cost of $4,500 per kilowatt of generating capacity, the capital cost savings could total approximately $85 billion to deploy an additional 150 GWe of nuclear power through 2050,” added Grae. Lightbridge (NASDAQ:LTBR) is a nuclear fuel technology company based in Reston, Virginia, USA. The Company develops proprietary next generation nuclear fuel technologies for current and future reactors. The technology significantly enhances the economics and safety of nuclear power, operating about 1000° C cooler than standard fuel. Lightbridge invented, patented and has independently validated the technology, including successful demonstration of the fuel in a research reactor with near-term plans to demonstrate the fuel under commercial reactor conditions. The Company has assembled a world class development team including veterans of leading global fuel manufacturers. Four large electric utilities that generate about half the nuclear power in the US already advise Lightbridge on fuel development and deployment. The Company operates under a licensing and royalty model, independently validated and based on the increased power generated by Lightbridge-designed fuel and high ROI for operators of existing and new reactors. The economic benefits are further enhanced by anticipated carbon credits available under the Clean Power Plan. Lightbridge also provides comprehensive advisory services for established and emerging nuclear programs based on a philosophy of transparency, non-proliferation, safety and operational excellence. For more information please visit: www.ltbridge.com. To receive Lightbridge Corporation updates via e-mail, subscribe at http://ir.ltbridge.com/alerts.cfm. Lightbridge is on Twitter. Sign up to follow @LightbridgeCorp at http://twitter.com/lightbridgecorp. With the exception of historical matters, the matters discussed in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's competitive position, the timing of demonstration testing and commercial production, the Company's entry into agreements with nuclear fuel manufacturers and the timing thereof, the potential impact of the U.S. Clean Power Plan and similar regulations, the Company's anticipated financial resources and position, the Company's product and service offerings, the expected market for the Company's product and service offerings.  These statements are based on current expectations on the date of this news release and involve a number of risks and uncertainties that may cause actual results to differ significantly from such estimates. The risks include, but are not limited to, the degree of market adoption of the Company's product and service offerings; market competition; dependence on strategic partners; demand for fuel for nuclear reactors; the Company's ability to manage its business effectively in a rapidly evolving market; as well as other factors described in Lightbridge's filings with the Securities and Exchange Commission.  Lightbridge does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise.  Readers are cautioned not to put undue reliance on forward-looking statements.


Patent
Lightbridge Corporation | Date: 2017-07-26

A fuel assembly for use in a core of a nuclear power reactor. The assembly includes a frame shaped and configured to fit within the nuclear reactor internal core structure; and a plurality of helically twisted fuel elements supported by the frame in a fuel rod bundle. Each of the fuel elements includes fissile material. When viewed in a cross-section that is perpendicular to an axial direction of the fuel assembly, the outermost fuel elements of the fuel rod bundle define a substantially circular perimeter. Other features, and a nuclear reactor, are also described.


RESTON, Va., May 30, 2017 (GLOBE NEWSWIRE) -- Lightbridge Corporation (NASDAQ:LTBR), a U.S. nuclear energy company, today announced that it has received a Notice of Allowance in the People’s Republic of China for another key patent covering a tri-lobe variant of its extruded metallic fuel rods used in Russian-type VVER reactors. The actual grant of the patent is contingent upon payment of the issuance fee which has since been paid by Lightbridge.  The patent is expected to be issued in the coming weeks. Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, “This latest patent expands the scope of our patent protection in China by adding coverage for Russian-type VVER reactors, which are the dominant type of reactors currently under construction worldwide. China has two VVER-1000 reactors in operation at the Tianwan site, with two more VVER-1000 units under construction and an additional two VVER-1200 reactors being proposed for construction at the same site. With our previously issued patents covering Western-type PWR reactors, we have built a robust patent portfolio in China, which represents a significant market for Lightbridge metallic fuel for deployment in both existing and new-build reactors.” China has 36 nuclear power reactors currently in operation and 21 under construction. Additional reactors are planned, to give more than a three-fold increase in nuclear capacity to at least 58 GWe by 2020-21, then up to 150 GWe by 2030, and much more by 2050, making China the largest growth market in the world for nuclear power, according to the most current data compiled by the World Nuclear Association. “Lightbridge metallic fuel could be particularly attractive in China, to offer a 30% power uprate capability to new-build PWR and VVER nuclear power plants, resulting in an estimated 13% reduction in upfront capital costs to build the plants. Based on an estimated capital cost of $4,500 per kilowatt of generating capacity, the capital cost savings could total approximately $85 billion to deploy an additional 150 GWe of nuclear power through 2050,” added Grae. Lightbridge (NASDAQ:LTBR) is a nuclear fuel technology company based in Reston, Virginia, USA. The Company develops proprietary next generation nuclear fuel technologies for current and future reactors. The technology significantly enhances the economics and safety of nuclear power, operating about 1000° C cooler than standard fuel. Lightbridge invented, patented and has independently validated the technology, including successful demonstration of the fuel in a research reactor with near-term plans to demonstrate the fuel under commercial reactor conditions. The Company has assembled a world class development team including veterans of leading global fuel manufacturers. Four large electric utilities that generate about half the nuclear power in the US already advise Lightbridge on fuel development and deployment. The Company operates under a licensing and royalty model, independently validated and based on the increased power generated by Lightbridge-designed fuel and high ROI for operators of existing and new reactors. The economic benefits are further enhanced by anticipated carbon credits available under the Clean Power Plan. Lightbridge also provides comprehensive advisory services for established and emerging nuclear programs based on a philosophy of transparency, non-proliferation, safety and operational excellence. For more information please visit: www.ltbridge.com. To receive Lightbridge Corporation updates via e-mail, subscribe at http://ir.ltbridge.com/alerts.cfm. Lightbridge is on Twitter. Sign up to follow @LightbridgeCorp at http://twitter.com/lightbridgecorp. With the exception of historical matters, the matters discussed in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's competitive position, the timing of demonstration testing and commercial production, the Company's entry into agreements with nuclear fuel manufacturers and the timing thereof, the potential impact of the U.S. Clean Power Plan and similar regulations, the Company's anticipated financial resources and position, the Company's product and service offerings, the expected market for the Company's product and service offerings.  These statements are based on current expectations on the date of this news release and involve a number of risks and uncertainties that may cause actual results to differ significantly from such estimates. The risks include, but are not limited to, the degree of market adoption of the Company's product and service offerings; market competition; dependence on strategic partners; demand for fuel for nuclear reactors; the Company's ability to manage its business effectively in a rapidly evolving market; as well as other factors described in Lightbridge's filings with the Securities and Exchange Commission.  Lightbridge does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise.  Readers are cautioned not to put undue reliance on forward-looking statements.


RESTON, VA / ACCESSWIRE / May 9, 2017 / Lightbridge Corporation (NASDAQ: LTBR) will host a conference call to discuss the results of the first quarter 2017, to be held Wednesday, May 10, 2017 at 11:00 AM Eastern Time. To participate, connect approximately 5 to 10 minutes before the beginning of the event. The replay will be available beginning approximately 2 hours after the completion of the live event, ending at midnight Eastern on June 10, 2017. Lightbridge (LTBR) is a nuclear fuel technology development company based in Reston, Virginia, USA. The Company develops proprietary next generation nuclear fuel technologies for current and future reactors. The technology significantly enhances the economics and safety of nuclear power, operating about 1000° C cooler than standard fuel. Lightbridge invented, patented and has independently validated the technology, including successful demonstration of the fuel in a research reactor with near-term plans to demonstrate the fuel under commercial reactor conditions. The Company has assembled a world class development team including veterans of leading global fuel manufacturers. Four large electric utilities that generate about half the nuclear power in the US already advise Lightbridge on fuel development and deployment. The Company operates under a licensing and royalty model, independently validated and based on the increased power generated by Lightbridge-designed fuel and high ROI for operators of existing and new reactors. The economic benefits are further enhanced by anticipated carbon credits available under the Clean Power Plan. Lightbridge also provides comprehensive advisory services for established and emerging nuclear programs based on a philosophy of transparency, non-proliferation, safety and operational excellence. For more information please visit: www.ltbridge.com.


RESTON, VA / ACCESSWIRE / May 9, 2017 / Lightbridge Corporation (NASDAQ: LTBR) will host a conference call to discuss the results of the first quarter 2017, to be held Wednesday, May 10, 2017 at 11:00 AM Eastern Time. To participate, connect approximately 5 to 10 minutes before the beginning of the event. Date, Time: May 10, 2017 at 11:00 AM ET Toll Free: (866) 682-6100 International: (862) 255-5401 The replay will be available beginning approximately 2 hours after the completion of the live event, ending at midnight Eastern on June 10, 2017. Lightbridge (LTBR) is a nuclear fuel technology development company based in Reston, Virginia, USA. The Company develops proprietary next generation nuclear fuel technologies for current and future reactors. The technology significantly enhances the economics and safety of nuclear power, operating about 1000° C cooler than standard fuel. Lightbridge invented, patented and has independently validated the technology, including successful demonstration of the fuel in a research reactor with near-term plans to demonstrate the fuel under commercial reactor conditions. The Company has assembled a world class development team including veterans of leading global fuel manufacturers. Four large electric utilities that generate about half the nuclear power in the US already advise Lightbridge on fuel development and deployment. The Company operates under a licensing and royalty model, independently validated and based on the increased power generated by Lightbridge-designed fuel and high ROI for operators of existing and new reactors. The economic benefits are further enhanced by anticipated carbon credits available under the Clean Power Plan. Lightbridge also provides comprehensive advisory services for established and emerging nuclear programs based on a philosophy of transparency, non-proliferation, safety and operational excellence. For more information please visit: www.ltbridge.com. RESTON, VA / ACCESSWIRE / May 9, 2017 / Lightbridge Corporation (NASDAQ: LTBR) will host a conference call to discuss the results of the first quarter 2017, to be held Wednesday, May 10, 2017 at 11:00 AM Eastern Time. To participate, connect approximately 5 to 10 minutes before the beginning of the event. Date, Time: May 10, 2017 at 11:00 AM ET Toll Free: (866) 682-6100 International: (862) 255-5401 The replay will be available beginning approximately 2 hours after the completion of the live event, ending at midnight Eastern on June 10, 2017. Lightbridge (LTBR) is a nuclear fuel technology development company based in Reston, Virginia, USA. The Company develops proprietary next generation nuclear fuel technologies for current and future reactors. The technology significantly enhances the economics and safety of nuclear power, operating about 1000° C cooler than standard fuel. Lightbridge invented, patented and has independently validated the technology, including successful demonstration of the fuel in a research reactor with near-term plans to demonstrate the fuel under commercial reactor conditions. The Company has assembled a world class development team including veterans of leading global fuel manufacturers. Four large electric utilities that generate about half the nuclear power in the US already advise Lightbridge on fuel development and deployment. The Company operates under a licensing and royalty model, independently validated and based on the increased power generated by Lightbridge-designed fuel and high ROI for operators of existing and new reactors. The economic benefits are further enhanced by anticipated carbon credits available under the Clean Power Plan. Lightbridge also provides comprehensive advisory services for established and emerging nuclear programs based on a philosophy of transparency, non-proliferation, safety and operational excellence. For more information please visit: www.ltbridge.com.


RESTON, Va., May 09, 2017 (GLOBE NEWSWIRE) -- Lightbridge Corporation (NASDAQ:LTBR), a U.S. nuclear fuel technology company, today provided a business update and reported financial results for the first quarter ended March 31, 2017. Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, “We continue to progress towards commercialization of our proprietary next generation nuclear fuel for current and future reactors. We are advancing towards the creation of a formal joint venture agreement with AREVA to develop, manufacture and commercialize fuel assemblies based on our fuel technology, which we expect to finalize in the coming months.  We believe AREVA is the ideal partner, bringing its leading expertise in nuclear fuel assembly design, licensing and fabrication, as well as an established global customer base.” “At the same time, we are advancing our discussions with a leading U.S. nuclear utility toward an end-user agreement for the first use of Lightbridge-designed nuclear fuel in a commercial reactor in the United States. Also, we remain on track for irradiation testing of our nuclear fuel samples at the Halden reactor in Norway.” “Given our recent partnerships, along with other support we have received from the industry, we expect that our nuclear fuel technology has the potential to generate hundreds of millions of dollars in annual profits.  We believe that nuclear power, generated in existing and future reactors utilizing our advanced metallic fuel technology, will dramatically improve the safety and enhance the operating economics of nuclear power.” Balance Sheet Overview At March 31, 2017, we had approximately $5.3 million in cash and restricted cash compared to approximately $3.7 million in cash and restricted cash at December 31, 2016. The $1.6 million increase in cash and equivalents resulted from the sale of approximately $2.8 million of our common stock during the quarter ended March 31, 2017, offset by net cash used in operating activities of $1.1 million. We had approximately $4.9 million in working capital at March 31, 2017 as compared to working capital of approximately $3.4 million at December 31, 2016. Stockholders' equity at March 31, 2017 was approximately $7.0 million compared to stockholders’ equity of approximately $5.6 million at December 31, 2016. Operating Results – First Quarter of Fiscal 2017 Compared to First Quarter of Fiscal 2016 For the first quarter ended March 31, 2017, our net loss attributable to common shareholders was approximately $1.8 million, or a loss of $0.20 per share, on revenue of $0.1 million.  In the same quarter of 2016, the net loss available to common shareholders was $0.3 million, or loss per share of $0.09 per share, on revenue of $0.2 million. All revenue was generated from consulting services. Stock-based compensation expense was $0.2 million for the quarter ended March 31, 2017 compared to $0.2 million for the quarter ended March 31, 2016. For the three months ended March 31, 2017, the Company’s cash flows used in operating activities were $1.1 million versus $1.3 million used in operating activities for the same period of 2016. This decrease is primarily due to the decrease in warrant valuation income of approximately $1.3 million offset by the decrease in our revenue and the increase in our operating expenses, which include research and development expenses. The change for the warrant revaluation is due to a change in the accounting treatment of the outstanding warrants, which were recorded as derivative liabilities at March 31, 2016 and are now recorded as equity in 2017. Lightbridge will host a conference call on Wednesday, May 10, 2017 at 11:00 a.m. Eastern Time to discuss the company's financial results for the first quarter ending March 31, 2017, as well as the Company's corporate progress and other meaningful developments. Interested parties can access the conference call by calling 866-682-6100 for U.S. callers, or +1-862-255-5401 for international callers.  The call will be available on the Company’s website via webcast at http://ir.ltbridge.com/events.cfm. The conference call will be led by Seth Grae, President and Chief Executive Officer and other Lightbridge executives will also be available to answer questions. Questions may also be submitted in writing before or during the conference call to ir@ltbridge.com. A webcast will also be archived on the Company’s website and a telephone replay of the call will be available approximately one hour following the call, through midnight June 10, 2017, and can be accessed by calling: 877-481-4010 (U.S. callers) or +1-919-882-2331 (international callers) and entering conference ID: 10364. This press release contains non-GAAP financial measures for earnings that exclude warrant revaluation income. Net income excluding warrant revaluation income is not a measure of performance calculated in accordance with generally accepted accounting principles in the United States (“GAAP”). The Company believes the presentation of net loss excluding warrant revaluation income is relevant and useful by enhancing the readers’ ability to understand the Company’s operating performance. The Company’s management utilizes net loss excluding warrant revaluation income as a means to measure operating performance. The table below reconciles net (loss) excluding revaluation income, a non-GAAP measure, to net loss for the three months ended March 31, 2017 and 2016. Lightbridge (NASDAQ: LTBR) is a nuclear fuel technology company based in Reston, Virginia, USA. The Company develops proprietary next generation nuclear fuel technologies for current and future reactors. The technology significantly enhances the economics and safety of nuclear power, operating about 1000° C cooler than standard fuel. Lightbridge invented, patented and has independently validated the technology, including successful demonstration of the fuel in a research reactor with near-term plans to demonstrate the fuel under commercial reactor conditions. The Company has assembled a world class development team including veterans of leading global fuel manufacturers. Four large electric utilities that generate about half the nuclear power in the US already advise Lightbridge on fuel development and deployment. The Company operates under a licensing and royalty model, independently validated and based on the increased power generated by Lightbridge-designed fuel and high ROI for operators of existing and new reactors. The economic benefits are further enhanced by anticipated carbon credits available under the Clean Power Plan. Lightbridge also provides comprehensive advisory services for established and emerging nuclear programs based on a philosophy of transparency, non-proliferation, safety and operational excellence. For more information please visit: www.ltbridge.com. To receive Lightbridge Corporation updates via e-mail, subscribe at http://ir.ltbridge.com/alerts.cfm. Lightbridge is on Twitter. Sign up to follow @LightbridgeCorp at http://twitter.com/lightbridgecorp. With the exception of historical matters, the matters discussed in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's competitive position, the timing of demonstration testing and commercial production, the Company's entry into agreements with nuclear fuel manufacturers and the timing thereof, the potential impact of the U.S. Clean Power Plan and similar regulations, the Company's anticipated financial resources and position, the Company's product and service offerings, the expected market for the Company's product and service offerings.  These statements are based on current expectations on the date of this news release and involve a number of risks and uncertainties that may cause actual results to differ significantly from such estimates. The risks include, but are not limited to, the degree of market adoption of the Company's product and service offerings; market competition; dependence on strategic partners; demand for fuel for nuclear reactors; the Company's ability to manage its business effectively in a rapidly evolving market; as well as other factors described in Lightbridge's filings with the Securities and Exchange Commission.  Lightbridge does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise.  Readers are cautioned not to put undue reliance on forward-looking statements.


RESTON, Va., May 09, 2017 (GLOBE NEWSWIRE) -- Lightbridge Corporation (NASDAQ:LTBR), a U.S. nuclear fuel technology company, today provided a business update and reported financial results for the first quarter ended March 31, 2017. Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, “We continue to progress towards commercialization of our proprietary next generation nuclear fuel for current and future reactors. We are advancing towards the creation of a formal joint venture agreement with AREVA to develop, manufacture and commercialize fuel assemblies based on our fuel technology, which we expect to finalize in the coming months.  We believe AREVA is the ideal partner, bringing its leading expertise in nuclear fuel assembly design, licensing and fabrication, as well as an established global customer base.” “At the same time, we are advancing our discussions with a leading U.S. nuclear utility toward an end-user agreement for the first use of Lightbridge-designed nuclear fuel in a commercial reactor in the United States. Also, we remain on track for irradiation testing of our nuclear fuel samples at the Halden reactor in Norway.” “Given our recent partnerships, along with other support we have received from the industry, we expect that our nuclear fuel technology has the potential to generate hundreds of millions of dollars in annual profits.  We believe that nuclear power, generated in existing and future reactors utilizing our advanced metallic fuel technology, will dramatically improve the safety and enhance the operating economics of nuclear power.” Balance Sheet Overview At March 31, 2017, we had approximately $5.3 million in cash and restricted cash compared to approximately $3.7 million in cash and restricted cash at December 31, 2016. The $1.6 million increase in cash and equivalents resulted from the sale of approximately $2.8 million of our common stock during the quarter ended March 31, 2017, offset by net cash used in operating activities of $1.1 million. We had approximately $4.9 million in working capital at March 31, 2017 as compared to working capital of approximately $3.4 million at December 31, 2016. Stockholders' equity at March 31, 2017 was approximately $7.0 million compared to stockholders’ equity of approximately $5.6 million at December 31, 2016. Operating Results – First Quarter of Fiscal 2017 Compared to First Quarter of Fiscal 2016 For the first quarter ended March 31, 2017, our net loss attributable to common shareholders was approximately $1.8 million, or a loss of $0.20 per share, on revenue of $0.1 million.  In the same quarter of 2016, the net loss available to common shareholders was $0.3 million, or loss per share of $0.09 per share, on revenue of $0.2 million. All revenue was generated from consulting services. Stock-based compensation expense was $0.2 million for the quarter ended March 31, 2017 compared to $0.2 million for the quarter ended March 31, 2016. For the three months ended March 31, 2017, the Company’s cash flows used in operating activities were $1.1 million versus $1.3 million used in operating activities for the same period of 2016. This decrease is primarily due to the decrease in warrant valuation income of approximately $1.3 million offset by the decrease in our revenue and the increase in our operating expenses, which include research and development expenses. The change for the warrant revaluation is due to a change in the accounting treatment of the outstanding warrants, which were recorded as derivative liabilities at March 31, 2016 and are now recorded as equity in 2017. Lightbridge will host a conference call on Wednesday, May 10, 2017 at 11:00 a.m. Eastern Time to discuss the company's financial results for the first quarter ending March 31, 2017, as well as the Company's corporate progress and other meaningful developments. Interested parties can access the conference call by calling 866-682-6100 for U.S. callers, or +1-862-255-5401 for international callers.  The call will be available on the Company’s website via webcast at http://ir.ltbridge.com/events.cfm. The conference call will be led by Seth Grae, President and Chief Executive Officer and other Lightbridge executives will also be available to answer questions. Questions may also be submitted in writing before or during the conference call to ir@ltbridge.com. A webcast will also be archived on the Company’s website and a telephone replay of the call will be available approximately one hour following the call, through midnight June 10, 2017, and can be accessed by calling: 877-481-4010 (U.S. callers) or +1-919-882-2331 (international callers) and entering conference ID: 10364. This press release contains non-GAAP financial measures for earnings that exclude warrant revaluation income. Net income excluding warrant revaluation income is not a measure of performance calculated in accordance with generally accepted accounting principles in the United States (“GAAP”). The Company believes the presentation of net loss excluding warrant revaluation income is relevant and useful by enhancing the readers’ ability to understand the Company’s operating performance. The Company’s management utilizes net loss excluding warrant revaluation income as a means to measure operating performance. The table below reconciles net (loss) excluding revaluation income, a non-GAAP measure, to net loss for the three months ended March 31, 2017 and 2016. Lightbridge (NASDAQ: LTBR) is a nuclear fuel technology company based in Reston, Virginia, USA. The Company develops proprietary next generation nuclear fuel technologies for current and future reactors. The technology significantly enhances the economics and safety of nuclear power, operating about 1000° C cooler than standard fuel. Lightbridge invented, patented and has independently validated the technology, including successful demonstration of the fuel in a research reactor with near-term plans to demonstrate the fuel under commercial reactor conditions. The Company has assembled a world class development team including veterans of leading global fuel manufacturers. Four large electric utilities that generate about half the nuclear power in the US already advise Lightbridge on fuel development and deployment. The Company operates under a licensing and royalty model, independently validated and based on the increased power generated by Lightbridge-designed fuel and high ROI for operators of existing and new reactors. The economic benefits are further enhanced by anticipated carbon credits available under the Clean Power Plan. Lightbridge also provides comprehensive advisory services for established and emerging nuclear programs based on a philosophy of transparency, non-proliferation, safety and operational excellence. For more information please visit: www.ltbridge.com. To receive Lightbridge Corporation updates via e-mail, subscribe at http://ir.ltbridge.com/alerts.cfm. Lightbridge is on Twitter. Sign up to follow @LightbridgeCorp at http://twitter.com/lightbridgecorp. With the exception of historical matters, the matters discussed in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's competitive position, the timing of demonstration testing and commercial production, the Company's entry into agreements with nuclear fuel manufacturers and the timing thereof, the potential impact of the U.S. Clean Power Plan and similar regulations, the Company's anticipated financial resources and position, the Company's product and service offerings, the expected market for the Company's product and service offerings.  These statements are based on current expectations on the date of this news release and involve a number of risks and uncertainties that may cause actual results to differ significantly from such estimates. The risks include, but are not limited to, the degree of market adoption of the Company's product and service offerings; market competition; dependence on strategic partners; demand for fuel for nuclear reactors; the Company's ability to manage its business effectively in a rapidly evolving market; as well as other factors described in Lightbridge's filings with the Securities and Exchange Commission.  Lightbridge does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise.  Readers are cautioned not to put undue reliance on forward-looking statements.


News Article | February 28, 2017
Site: globenewswire.com

RESTON, Va., Feb. 28, 2017 (GLOBE NEWSWIRE) -- Lightbridge Corporation (NASDAQ:LTBR), a U.S. nuclear fuel technology company, today announced that it will present at CleanEquity Monaco 2017 on March 9th & 10th at the Fairmont Monte Carlo. CleanEquity is an annual invitation-only event hosted by Innovator Capital, the London based specialist investment bank. The conference provides an intimate and collegiate setting for inventors and entrepreneurs to share their stories with delegates - key decision makers looking to assist them with reaching their commercial and strategic goals. Other partners and sponsors include Prince Albert II of Monaco’s Foundation, Covington & Burling, Cisco EIR, Cision, Cranfield University, Hobbs & Towne, the Monaco Economic Board, Parkview and the Social Stock Exchange. Lightbridge has been identified by an expert panel as one of the world’s most innovative sustainable technology companies and has been selected to present to senior financial and strategic cleantech investors, policy makers, legislators, end users and media. Innovator Capital, established in 2003, is a specialist investment bank advising emerging technology companies on corporate finance, mergers and acquisitions. Its expertise includes intellectual property and multinational strategic partnering. Lightbridge (NASDAQ:LTBR) is a nuclear fuel technology company based in Reston, Virginia, USA. The Company develops proprietary next generation nuclear fuel technologies for current and future reactors. The technology significantly enhances the economics and safety of nuclear power, operating about 1000° C cooler than standard fuel. Lightbridge invented, patented and has independently validated the technology, including successful demonstration of the fuel in a research reactor with near-term plans to demonstrate the fuel under commercial reactor conditions. The Company has assembled a world class development team including veterans of leading global fuel manufacturers. Four large electric utilities that generate about half the nuclear power in the US already advise Lightbridge on fuel development and deployment. The Company operates under a licensing and royalty model, independently validated and based on the increased power generated by Lightbridge-designed fuel and high ROI for operators of existing and new reactors. The economic benefits are further enhanced by anticipated carbon credits available under the Clean Power Plan. Lightbridge also provides comprehensive advisory services for established and emerging nuclear programs based on a philosophy of transparency, non-proliferation, safety and operational excellence. For more information please visit: www.ltbridge.com. To receive Lightbridge Corporation updates via e-mail, subscribe at http://ir.ltbridge.com/alerts.cfm. Lightbridge is on Twitter. Sign up to follow @LightbridgeCorp at http://twitter.com/lightbridgecorp.


RESTON, Va., March 01, 2017 (GLOBE NEWSWIRE) -- Lightbridge Corporation (NASDAQ:LTBR), a U.S. nuclear fuel technology company, today announced that it has been invited to present at two upcoming events at the Massachusetts Institute of Technology (MIT). On Thursday, March 2nd, Seth Grae, CEO, and Jim Malone, Chief Nuclear Fuel Development Officer, will guest lecture at the MIT Department of Nuclear Science and Engineering regarding Lightbridge fuel. The title of the lecture will be: “Shifting the Fuel Paradigm for Light-Water Reactors (LWR).” The event will be part of the MIT Energy Initiative (MITei) Seminar Series. On Friday, March 3rd, Seth Grae, CEO, will participate in a panel discussion at the MIT Energy Conference. The theme of the conference is: “Balance of Power: Enabling the Next Energy Paradigm.” Mr. Grae will discuss Lightbridge fuel for use in existing reactors on a panel entitled: “Everything Old is New Again.” The conference and panel website is available at: https://www.mitenergyconference.org/everything-old-is-new-again. Lightbridge (NASDAQ:LTBR) is a nuclear fuel technology company based in Reston, Virginia, USA. The Company develops proprietary next generation nuclear fuel technologies for current and future reactors. The technology significantly enhances the economics and safety of nuclear power, operating about 1000° C cooler than standard fuel. Lightbridge invented, patented and has independently validated the technology, including successful demonstration of the fuel in a research reactor with near-term plans to demonstrate the fuel under commercial reactor conditions. The Company has assembled a world class development team including veterans of leading global fuel manufacturers. Four large electric utilities that generate about half the nuclear power in the US already advise Lightbridge on fuel development and deployment. The Company operates under a licensing and royalty model, independently validated and based on the increased power generated by Lightbridge-designed fuel and high ROI for operators of existing and new reactors. The economic benefits are further enhanced by anticipated carbon credits available under the Clean Power Plan. Lightbridge also provides comprehensive advisory services for established and emerging nuclear programs based on a philosophy of transparency, non-proliferation, safety and operational excellence. For more information please visit: www.ltbridge.com. To receive Lightbridge Corporation updates via e-mail, subscribe at http://ir.ltbridge.com/alerts.cfm. Lightbridge is on Twitter. Sign up to follow @LightbridgeCorp at http://twitter.com/lightbridgecorp.


Patent
Lightbridge Corporation | Date: 2015-09-16

A fuel assembly for use in a core of a nuclear power reactor. The assembly includes a frame shaped and configured to fit within the nuclear reactor internal core structure; and a plurality of helically twisted fuel elements supported by the frame in a fuel rod bundle. Each of the fuel elements includes fissile material. When viewed in a cross-section that is perpendicular to an axial direction of the fuel assembly, the outermost fuel elements of the fuel rod bundle define a substantially circular perimeter. Other features, and a nuclear reactor, are also described.

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