Lightbridge (NASDAQ:LTBR) reported quarterly losses of $(0.15) per share. This is a 16.67 percent increase over losses of $(0.18) per share from the same period last year.
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RESTON, Va. and BETHESDA, Md., Dec. 07, 2023 (GLOBE NEWSWIRE) -- Lightbridge Corporation ("Lightbridge") (NASDAQ:LTBR) and Centrus Energy Corp. ("Centrus") (NYSE:LEU) today announced a contract to conduct a front-end engineering and design (FEED) study to add a dedicated Lightbridge Pilot Fuel Fabrication Facility (LPFFF) at the American Centrifuge Plant in Piketon, Ohio. The FEED study will identify infrastructure and licensing requirements as well as the estimated cost and construction schedule for the LPFFF. Centrus' wholly-owned subsidiary, American Centrifuge Operating, LLC, will lead the study, which is expected to be completed in 2024. "Centrus is proud to join forces with Light
RESTON, Va., April 25, 2023 (GLOBE NEWSWIRE) -- Lightbridge Corporation (NASDAQ:LTBR), an advanced nuclear fuel technology company, today announced the appointment of Dr. Scott Holcombe as Vice President of Engineering. Dr. Holcombe will be responsible for the technical direction and oversight of Lightbridge's research, development, and demonstration activities, including technical coordination with partner entities and management of Lightbridge's technical consultants. Responsibilities will also include the technical oversight of all activities related to the fabrication and licensing of Lightbridge's advanced nuclear fuel technologies. Dr. Scott Holcombe is an accomplished professional
Sherri Goodman is a Globally Recognized National Security Expert and Former Defense Department Official in Environmental SecurityWill Chair Lightbridge's Newly Formed Energy Security and National Security Committee RESTON, Va., April 03, 2023 (GLOBE NEWSWIRE) -- Lightbridge Corporation (NASDAQ:LTBR), an advanced nuclear fuel technology company, today announced the appointment of Sherri Goodman as a new independent director to Lightbridge's Board of Directors. Ms. Goodman will chair the newly constituted Energy Security and National Security Committee. Ms. Goodman is an experienced leader, senior executive, lawyer, and director focused on national security, climate change, energy, sci
RESTON, Va., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Lightbridge) (NASDAQ:LTBR), an advanced nuclear fuel technology company, announced its financial results for the third quarter ended September 30, 2024, and provided an update on the Company's continued progress. Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, "The surge in demand for clean energy from major tech companies, especially as they shift towards data centers with AI chips, is driving significant investment into the nuclear power industry. These companies are increasingly funding strategic nuclear energy projects that may help them reach their zero-emission climate goals
RESTON, Va., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Lightbridge Corporation ("Lightbridge") (NASDAQ:LTBR), an advanced nuclear fuel technology company, today shares insightful findings from three technical papers presented at the TopFuel 2024 Conference in Grenoble, France. These papers, produced by Massachusetts Institute of Technology (MIT), Structural Integrity Associates (SIA), and Lightbridge further validate the enhanced safety and performance of Lightbridge Fuel™, particularly its improved performance under extreme conditions. Key Findings from the MIT StudyMIT's study, supported by a U.S. Department of Energy Nuclear Energy University Programs (DOE NEUP) grant, simulate
RESTON, Va., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Lightbridge Corporation ("Lightbridge") (NASDAQ:LTBR), an advanced nuclear fuel technology company, today announced its participation in several upcoming key industry panels and provided an update on recent events. Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, "We are at an exciting point in the nuclear industry, as recent investments from tech giants and surging interest in clean, reliable energy continue to shape the future of power generation. At Lightbridge, we're proud to be at the forefront of these developments, contributing to the advancement of nuclear fuel technology that will play a critical
Lightbridge (NASDAQ:LTBR) reported quarterly losses of $(0.21) per share. This is a 23.53 percent decrease over losses of $(0.17) per share from the same period last year.
Lightbridge Corporation ("Lightbridge") (NASDAQ:LTBR), an advanced nuclear fuel technology company, today announced that Ambassador Thomas Graham, Jr. will be retiring as Executive Chairman and director of Lightbridge effective as of the upcoming Annual Meeting of Shareholders. Ambassador Graham has been appointed Chairman Emeritus. "I am honored to accept the appointment as Chairman Emeritus of Lightbridge," said Ambassador Graham. "Throughout my tenure as Chairman, I have been continually inspired by our team's dedication and innovation in the pursuit of advancing nuclear fuel technology. I am excited to continue contributing to Lightbridge's mission in this new capacity. The journey we ar
Financial HighlightsWorking capital was $28.3 million at December 31, 2023, versus $28.7 million at December 31, 2022.Cash Flows SummaryCash and cash equivalents were $28.6 million, as compared to $28.9 million at December 31, 2022, a decrease of $0.3 million for the fiscal year ended December 31, 2023, consisting of the following:Cash used in operating activities for the year ended December 31, 2023 was $6.5 million, a decrease of $0.2 million, compared to $6.7 million for the year ended December 31, 2022. The decrease was primarily due to changes in net operating assets and liabilities, which were driven by an increase in prepaid assets of $0.2 million, offset by an increase in accounts pa
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RESTON, Va., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Lightbridge) (NASDAQ:LTBR), an advanced nuclear fuel technology company, announced its financial results for the third quarter ended September 30, 2024, and provided an update on the Company's continued progress. Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, "The surge in demand for clean energy from major tech companies, especially as they shift towards data centers with AI chips, is driving significant investment into the nuclear power industry. These companies are increasingly funding strategic nuclear energy projects that may help them reach their zero-emission climate goals
RESTON, Va., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Lightbridge Corporation ("Lightbridge") (NASDAQ:LTBR), an advanced nuclear fuel technology company, will announce its financial results for the third quarter of fiscal year 2024 on Thursday, October 31st after the market closes. Lightbridge will host a conference call on Friday, November 1st, at 11:00 AM ET with the investment community to discuss the Company's financial results and provide an update on its fuel development activities. CONFERENCE CALL & AUDIO WEBCAST The conference call will be led by Seth Grae, President, and Chief Executive Officer, with other Lightbridge executives available to answer questions. Investors may submit writ
RESTON, Va., July 31, 2024 (GLOBE NEWSWIRE) -- Lightbridge Corporation ("Lightbridge") (NASDAQ:LTBR), an advanced nuclear fuel technology company, announced its financial results for the second quarter ended June 30, 2024, and provided an update on the Company's continued progress. Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, "The recent passage of the ADVANCE Act marked a pivotal moment for the advanced nuclear industry. This landmark legislation recognizes the critical role advanced nuclear technologies will play in building a clean and secure energy future for the United States. We believe this legislation will help to facilitate a more efficien