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Lightbridge Corporation (LTBR)

NasdaqGS - NasdaqGS Delayed Price. Currency in USD
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3.2500+0.0550 (+1.72%)
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Previous Close3.1950
Open3.1700
Bid3.2400 x 1800
Ask3.2700 x 1100
Day's Range2.9300 - 3.3000
52 Week Range1.7100 - 8.5500
Volume728,220
Avg. Volume172,031
Market Cap12.857M
Beta (5Y Monthly)3.19
PE Ratio (TTM)N/A
EPS (TTM)-2.8000
Earnings DateAug 11, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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  • GlobeNewswire

    Lightbridge CEO to Discuss Innovative Nuclear Technology on Atlantic Council’s EnergySource Innovation Stream

    ‘EnergySource Innovation Stream with Lightbridge’ Scheduled for Streaming on  September 17 at 8:30 a.m. (Eastern Time)RESTON, Va., Sept. 15, 2020 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq: LTBR) an advanced nuclear fuel technology company, today announced that President and CEO Seth Grae will join the Atlantic Council’s EnergySource Innovation Stream online series as the featured guest on Thursday, September 17 at 8:30 a.m. (Eastern Time).The Atlantic Council’s Global Energy Center launched the EnergySource Innovation Stream to highlight new energy technologies with the potential to reshape the global energy system through discussions with companies and individuals working diligently to bring those innovations to market at scale.Mr. Grae will explain how the ongoing global race for nuclear technology innovation has positioned Lightbridge Fuel™ as a potential game-changer, helping solve energy, climate, and security problems—soon enough to make a difference. He will describe how Lightbridge Fuel offers the increased power, longer fuel cycles, and improved operating economics that electric utilities desire, while helping us meet our growing energy needs and preventing the worst consequences of climate change.World governments are recognizing that nuclear energy is needed more than ever to reduce emissions and avert disastrous effects of climate change – Lightbridge Fuel plans to shine the path forward for nuclear energy.To register for the event, please visit: https://www.atlanticcouncil.org/event/esis-with-lightbridge-corporation-safer-and-more-efficient-advanced-nuclear-fuel-technology/About Lightbridge CorporationLightbridge (NASDAQ: LTBR) is an advanced nuclear fuel technology development company based in Reston, Virginia, United States. The Company is developing Lightbridge Fuel™, a proprietary next-generation nuclear fuel technology for current and future reactors, which significantly enhances the economics, safety, and proliferation resistance of nuclear power. Lightbridge invented, patented, and has independently validated its technology, with goals of preventing climate change and enhancing national security. The Company has assembled a world-class development team. Four large electric utilities that generate about half of America’s nuclear power advise Lightbridge on fuel development and deployment. The Company plans to operate under a licensing and royalty model and based on the increased power generated by Lightbridge-designed fuel, expects to offer high ROI for operators of existing and new reactors. For more information please visit: www.ltbridge.com.To receive Lightbridge Corporation updates via e-mail, subscribe at https://www.ltbridge.com/investors/news-events/email-alertsLightbridge is on Twitter. Sign up to follow @LightbridgeCorp at http://twitter.com/lightbridgecorp.Forward Looking StatementsWith 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 timing and outcome of research and development activities, other steps to commercialize Lightbridge Fuel™ and future governmental support and funding for nuclear energy. 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 Company’s ability to commercialize its nuclear fuel technology; 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; changes in the political environment; risks associated with the further spread of COVID-19, including the ultimate impact of COVID-19 on people, economies, and the Company’s ability to access capital markets; the outcome of the arbitration with the Company’s former joint venture partner and dissolution of the Enfission joint venture; as well as other factors described in Lightbridge's filings with the U.S. 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, except as required by law. Readers are cautioned not to put undue reliance on forward-looking statements.A further description of risks and uncertainties can be found in Lightbridge’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and in its subsequent reports on Form 10-Q, including in the sections thereof captioned “Risk Factors” and “Forward-Looking Information and Factors That May Affect Future Results”, as well as in its subsequent reports on Form 8-K, all of which are filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/ and www.ltbridge.com.  Investor Relations Contact: Matthew Abenante, IRC Director of Investor Relations Tel: +1 (646) 828-8710 ir@ltbridge.com

  • GlobeNewswire

    Lightbridge Corporation Announces Media Interviews with CEO Seth Grae

    Interview with Bloomberg Radio Scheduled for Thursday, August 27th at 11:30 a.m. (Eastern Time)RESTON, Va., Aug. 26, 2020 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq: LTBR) today announced that Seth Grae, President & Chief Executive Officer of Lightbridge Corporation will be interviewed on Bloomberg Radio’s “Bloomberg Markets” program by Paul T. Sweeney on Thursday, August 27th at 11:30 a.m. (Eastern Time). Yesterday, Mr. Grae was interviewed on Nasdaq’s TradeTalks online broadcast by Jill Malandrino, Global Markets Reporter. The interview can be accessed by clicking here: https://www.ltbridge.com/news-media/media-gallery/video/video/6981/nasdaq-tradetalks--how-well-the-nuclear-sector-has-faredAbout Lightbridge CorporationLightbridge (NASDAQ: LTBR) is an advanced nuclear fuel technology development company based in Reston, Virginia, United States. The Company is developing Lightbridge Fuel™, a proprietary next-generation nuclear fuel technology for current and future reactors, which significantly enhances the economics, safety, and proliferation resistance of nuclear power. Lightbridge invented, patented, and has independently validated its technology, with goals of preventing climate change and enhancing national security. The Company has assembled a world-class development team. Four large electric utilities that generate about half of America’s nuclear power advise Lightbridge on fuel development and deployment. The Company plans to operate under a licensing and royalty model and based on the increased power generated by Lightbridge-designed fuel, expects to offer high ROI for operators of existing and new reactors. For more information please visit: www.ltbridge.com.To receive Lightbridge Corporation updates via e-mail, subscribe at https://www.ltbridge.com/investors/news-events/email-alertsLightbridge is on Twitter. Sign up to follow @LightbridgeCorp at http://twitter.com/lightbridgecorp. Forward Looking StatementsWith 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 timing and outcome of research and development activities, other steps to commercialize Lightbridge Fuel™ and future governmental support and funding for nuclear energy. 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 Company’s ability to commercialize its nuclear fuel technology; 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; changes in the political environment; risks associated with the further spread of COVID-19, including the ultimate impact of COVID-19 on people, economies, and the Company’s ability to access capital markets; the outcome of the arbitration with the Company’s former joint venture partner and dissolution of the Enfission joint venture; as well as other factors described in Lightbridge's filings with the U.S. 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, except as required by law. Readers are cautioned not to put undue reliance on forward-looking statements. A further description of risks and uncertainties can be found in Lightbridge’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and in its subsequent reports on Form 10-Q, including in the sections thereof captioned “Risk Factors” and “Forward-Looking Information and Factors That May Affect Future Results”, as well as in its subsequent reports on Form 8-K, all of which are filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/ and www.ltbridge.com. Investor Relations Contact: Matthew Abenante, IRC Director of Investor Relations Tel: +1 (646) 828-8710 ir@ltbridge.com

  • GlobeNewswire

    Lightbridge Corporation to Hold Virtual 2020 Annual Meeting of Stockholders

    Virtual Annual Meeting Scheduled for Thursday, September 3, 11:00 a.m. (Eastern Time)RESTON, Va., Aug. 25, 2020 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq: LTBR) today announced that due to the public health impact of the novel coronavirus (COVID-19) pandemic and to protect the health and well-being of its stockholders, employees, and the broader community, Lightbridge will hold its 2020 Annual Meeting of Stockholders in a virtual meeting format only, via live webcast. The Annual Meeting will be held on Thursday, September 3, 2020 beginning at 11:00 a.m. (Eastern Time). Stockholders as of the close of business on July 15, 2020 will be able to attend the virtual Annual Meeting and vote their shares during the meeting by visiting http://www.virtualshareholdermeeting.com/LTBR2020 and entering the 16-digit control number that was included in their proxy card or voting instruction form. Stockholders are encouraged to access the virtual Annual Meeting prior to its start time. Online access will begin at 10:45 a.m. (Eastern Time).Whether or not stockholders plan to attend the virtual Annual Meeting, we urge all stockholders to vote promptly and in advance of the meeting by using one of the methods described in the proxy materials. For additional information regarding accessing and participating in the virtual Annual Meeting, please refer to Lightbridge's proxy materials filed with the Securities and Exchange Commission on July 27, 2020.About Lightbridge CorporationLightbridge (NASDAQ: LTBR) is an advanced nuclear fuel technology development company based in Reston, Virginia, United States. The Company is developing Lightbridge Fuel™, a proprietary next-generation nuclear fuel technology for current and future reactors, which significantly enhances the economics, safety, and proliferation resistance of nuclear power. Lightbridge invented, patented, and has independently validated its technology, with goals of preventing climate change and enhancing national security. The Company has assembled a world-class development team. Four large electric utilities that generate about half of America’s nuclear power advise Lightbridge on fuel development and deployment. The Company plans to operate under a licensing and royalty model and based on the increased power generated by Lightbridge-designed fuel, expects to offer high ROI for operators of existing and new reactors. For more information please visit: www.ltbridge.com.To receive Lightbridge Corporation updates via e-mail, subscribe at https://www.ltbridge.com/investors/news-events/email-alertsLightbridge is on Twitter. Sign up to follow @LightbridgeCorp at http://twitter.com/lightbridgecorp. Forward Looking StatementsWith 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 timing and outcome of research and development activities, other steps to commercialize Lightbridge Fuel™ and future governmental support and funding for nuclear energy. 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 Company’s ability to commercialize its nuclear fuel technology; 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; changes in the political environment; risks associated with the further spread of COVID-19, including the ultimate impact of COVID-19 on people, economies, and the Company’s ability to access capital markets; the outcome of the arbitration with the Company’s former joint venture partner and dissolution of the Enfission joint venture; as well as other factors described in Lightbridge's filings with the U.S. 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, except as required by law. Readers are cautioned not to put undue reliance on forward-looking statements. A further description of risks and uncertainties can be found in Lightbridge’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and in its subsequent reports on Form 10-Q, including in the sections thereof captioned “Risk Factors” and “Forward-Looking Information and Factors That May Affect Future Results”, as well as in its subsequent reports on Form 8-K, all of which are filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/ and www.ltbridge.com. Investor Relations Contact: Matthew Abenante, IRC Director of Investor Relations Tel: +1 (646) 828-8710 ir@ltbridge.com

  • GlobeNewswire

    Lightbridge Receives Patent from the Korean Intellectual Property Office for a Manufacturing Method for its Metallic Fuel Rods

    RESTON, Va., Aug. 24, 2020 (GLOBE NEWSWIRE) -- Lightbridge Corporation (NASDAQ: LTBR), an advanced nuclear fuel technology company, further strengthened its intellectual property portfolio today, announcing that it has received a Notification of Patent Grant from the Korean Intellectual Property Office for a divisional patent application relating to a co-extrusion method of manufacturing Lightbridge four-lobe helically twisted metallic fuel rods, based on its 2011 Patent Cooperation Treaty (PCT) patent application. Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, “Our latest patent award from the Korean Intellectual Property Office for a method to manufacture our Lightbridge Fuel™ rods further enhances our growing intellectual property portfolio. There are currently 24 reactors in South Korea that provide one-third of the county’s electricity, making this an attractive potential market for our fuel.“We are in what has become a global race to developing next generation nuclear technologies. In recognizing competition primarily with China and Russia, the United States has recently begun taking bold measures towards funding, supporting, and fast-tracking development and licensure of these technologies. There is also a race to develop and deploy technologies to prevent further changes to the climate. We continue to make our pursuit of a strong worldwide patent portfolio a strategic priority for Lightbridge to ensure the full economic benefits of Lightbridge Fuel™ for our company and shareholders.”Over the past year, Lightbridge has secured patents in Eurasia, Australia, Japan, South Korea, Canada, and the European Union.About Lightbridge CorporationLightbridge (NASDAQ: LTBR) is an advanced nuclear fuel technology development company based in Reston, Virginia, United States. The Company is developing Lightbridge Fuel™, a proprietary next-generation nuclear fuel technology for current and future reactors, which significantly enhances the economics, safety, and proliferation resistance of nuclear power. Lightbridge invented, patented, and has independently validated its technology, with goals of preventing climate change and enhancing national security. The Company has assembled a world-class development team. Four large electric utilities that generate about half of America’s nuclear power advise Lightbridge on fuel development and deployment. The Company plans to operate under a licensing and royalty model and based on the increased power generated by Lightbridge-designed fuel, expects to offer high ROI for operators of existing and new reactors. For more information please visit: www.ltbridge.com.To receive Lightbridge Corporation updates via e-mail, subscribe at https://www.ltbridge.com/investors/news-events/email-alertsLightbridge is on Twitter. Sign up to follow @LightbridgeCorp at http://twitter.com/lightbridgecorp.Forward Looking StatementsWith 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 timing and outcome of research and development activities, other steps to commercialize Lightbridge Fuel™ and future governmental support and funding for nuclear energy. 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 Company’s ability to commercialize its nuclear fuel technology; 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; changes in the political environment; risks associated with the further spread of COVID-19, including the ultimate impact of COVID-19 on people, economies, and the Company’s ability to access capital markets; the outcome of the arbitration with the Company’s former joint venture partner and dissolution of the Enfission joint venture; as well as other factors described in Lightbridge's filings with the U.S. 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, except as required by law. Readers are cautioned not to put undue reliance on forward-looking statements.A further description of risks and uncertainties can be found in Lightbridge’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and in its subsequent reports on Form 10-Q, including in the sections thereof captioned “Risk Factors” and “Forward-Looking Information and Factors That May Affect Future Results”, as well as in its subsequent reports on Form 8-K, all of which are filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/ and www.ltbridge.com.Investor Relations Contact: Matthew Abenante, IRC Director of Investor Relations Tel: +1 (646) 828-8710 ir@ltbridge.com

  • GlobeNewswire

    Lightbridge Provides Business Update and Announces Second Quarter of 2020 Earnings Results

    Conference Call on Tuesday, August 11, 2020 at 4pm ETRESTON, Va., Aug. 10, 2020 (GLOBE NEWSWIRE) -- Lightbridge Corporation (NASDAQ: LTBR), an advanced nuclear fuel technology company, today announced financial results for the second quarter ended June 30, 2020, as well as the Company's corporate progress and other meaningful developments. Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, “We continue to execute in accordance with our strategy and vision for commercializing Lightbridge Fuel™. In June, we commenced work under the Cooperative Research and Development Agreement (CRADA) with Battelle Energy Alliance, LLC, the operating contractor of Idaho National Laboratory (INL), in collaboration with the U.S. Department of Energy (DOE). Our focus over the 12 months of this agreement is to collaborate with the expert team at INL to develop a pathway to perform critical material irradiation testing in a US test reactor.“In addition, we continue to expand our intellectual property portfolio as we advance towards commercialization. In the second quarter, we received a Decision to Grant from the Japan Patent Office (JPO) for a patent related to a Lightbridge metallic fuel assembly design for use in CANDU-type reactors. We also received patents from the Australian Patent Office and the Eurasian Patent Office for our innovative nuclear fuel assemblies. In addition to the inherent economic and safety benefits, Lightbridge Fuel™ enables longer refueling cycles, which is key to extending the life of existing plants. We believe that a strong patent portfolio will help establish and sustain leadership in key global markets.“We continue to take the necessary steps towards validating our technology, proving that Lightbridge Fuel™ will be the solution that will significantly improve the economics and safety profile of both existing reactors and small modular reactors (SMR). This will generate significant value to our shareholders and sizable benefit to society, providing economical, clean energy around the world,” concluded Mr. Grae.Financial HighlightsThe Company maintains a strong working capital position of $16.4 million at June 30, 2020 and has no debt.Cash Flows Summary * The change in the net decrease in cash and cash equivalents was approximately $2.8 million from the six months ended June 30, 2020 compared to the six months ended June 30, 2019. Total cash used for the six months ended June 30, 2020 was $0.9 million compared to $3.7 million for the six months ended June 30, 2019. This decrease consisted of the following:   * Cash used in operating activities increased approximately $0.6 million for the six months ended June 30, 2020 compared to the six months ended June 30, 2019 primarily due to an increase in general and administrative expenses offset by a decrease in our research and development expenses, as a result of the decrease in work with Framatome and Enfission as Lightbridge is no longer conducting research and development activities with Framatome and Enfission.   * Cash used in investing activities decreased by approximately $3.6 million for the six months ended June 30, 2020 compared to the six months ended June 30, 2019 primarily due to the inactive status of the Enfission joint venture resulting in no capital contributions made in 2020.   * Cash provided by financing activities decreased by approximately $0.2 million for the six months ended June 30, 2020 compared to the six months ended June 30, 2019 primarily due to the slight decrease in net proceeds from issuance of common stock in 2020, which was $2.7 million for the six months June 30, 2020 compared to $2.9 million proceeds for the six months ended June 30, 2019.Balance Sheet Summary * Cash and cash equivalents were $17.1 million at June 30, 2020, compared to $18 million at December 31, 2019, a decrease of $0.9 million in cash and cash equivalents for the six months ended June 30, 2020.   * Total assets were $19.1 million at June 30, 2020 and total liabilities were $0.9 million at June 30, 2020. Working capital was $16.4 million at June 30, 2020 versus $18.1 million at December 31, 2019. This decrease of $1.7 million in working capital was due primarily to the factors stated above in the cash flow summary.   * Stockholders’ equity was $18.2 million at June 30, 2020 versus $19.9 million at December 31, 2019. This decrease was primarily due to the net loss reported for the six months ended June 30, 2020, offset by the increase in capital related to the sale of common stock.Operations Summary * General and administrative expenses for the three months ended June 30, 2020 were $2.0 million compared to $1.2 million for the three months ended June 30, 2020. This increase of approximately $0.8 million was due to a total increase in employee compensation and employee benefits of approximately $0.6 million, an increase in professional fees of approximately $0.2 million, and an increase of patent write offs of $0.1 million. These increases were offset by a decrease in stock-based compensation of approximately $0.1 million, due to the decrease in stock option expense for prior stock option awards that have become fully vested in prior reporting periods.   * Research and development expenses decreased by approximately $0.4 million for the three months ended June 30, 2020, as compared to the three months ended June 30, 2019, due to the transitioning from work relating to Enfission to developing a new fuel development strategy. Employee compensation and employee benefits decreased approximately $0.2 million, consulting fees decreased approximately $0.1 million and stock-based compensation decrease approximately $0.1 million.   * Total net other operating expenses decreased by approximately $1.7 million for the three months ended June 30, 2020 as compared to the three months ended June 30, 2019 due to the inactive status of the Enfission joint venture for the three months and six months ended June 30, 2020 and at December 31, 2019.   * There was a net decrease in other income of approximately $0.1 million due to a decrease in interest income generated from the interest earned from the purchase of treasury bills and from our bank savings account for the three months ended June 30, 2020, as compared to the three months ended June 30, 2019.   * Net loss for the three months ended June 30, 2020 was $2.1 million compared to $3.3 million for 2019. This decrease of $1.2 million was primarily due to the factors stated above in the operations summary.SECOND QUARTER CONFERENCE CALL & WEBCASTLightbridge will host a conference call on Tuesday, August 11th at 4:00 p.m. Eastern Time to discuss the Company's financial results for the second quarter ended June 30, 2020, as well as the Company's corporate progress and other meaningful developments.Interested parties can access the conference call by calling 877-407-3088 for U.S. callers, or 201-389-0927 for international callers. The call will be available on the Company’s website via webcast at https://www.ltbridge.com/investors/news-events/ir-calendar. 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.About Lightbridge CorporationLightbridge (NASDAQ: LTBR) is an advanced nuclear fuel technology development company based in Reston, Virginia, United States. The Company is developing Lightbridge Fuel™, a proprietary next-generation nuclear fuel technology for current and future reactors, which significantly enhances the economics, safety, and proliferation resistance of nuclear power. Lightbridge invented, patented, and has independently validated its technology, with goals of preventing climate change and enhancing national security. The Company has assembled a world-class development team. Four large electric utilities that generate about half of America’s nuclear power have been advising Lightbridge since 2012 on fuel development and deployment. The Company plans to operate under a licensing and royalty model and based on the increased power generated by Lightbridge-designed fuel, expects to offer high ROI for operators of existing and new reactors. For more information please visit: www.ltbridge.com.To receive Lightbridge Corporation updates via e-mail, subscribe at https://www.ltbridge.com/investors/news-events/email-alertsLightbridge is on Twitter. Sign up to follow @LightbridgeCorp at http://twitter.com/lightbridgecorp. Forward Looking StatementsWith 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 timing and outcome of research and development activities, other steps to commercialize Lightbridge Fuel™ and future governmental support and funding for nuclear energy. 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 Company’s ability to commercialize its nuclear fuel technology; 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; changes in the political environment; risks associated with the further spread of COVID-19, including the ultimate impact of COVID-19 on people, economies, and the Company’s ability to access capital markets; the outcome of the arbitration with the Company’s former joint venture partner and dissolution of the Enfission joint venture; as well as other factors described in Lightbridge's filings with the U.S. 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, except as required by law. Readers are cautioned not to put undue reliance on forward-looking statements. A further description of risks and uncertainties can be found in Lightbridge’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and in its subsequent reports on Form 10-Q, including in the sections thereof captioned “Risk Factors” and “Forward-Looking Information and Factors That May Affect Future Results”, as well as in its subsequent reports on Form 8-K, all of which are filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/ and www.ltbridge.com.  Investor Relations Contact: Strategic Investor Relations LLC Matthew Abenante Tel: (646) 828-8710 ir@ltbridge.com *** tables follow ***   LIGHTBRIDGE CORPORATION UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS           June 30,  December 31,    2020  2019          ASSETS  Current Assets       Cash and cash equivalents $17,056,313  $17,958,989  Other receivable from joint venture  —   400,000  Prepaid expenses and other current assets  254,652   47,371  Total Current Assets  17,310,965   18,406,360  Other Assets         Patent costs  1,756,506   1,798,484  Total Assets $19,067,471  $20,204,844            LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities         Accounts payable and accrued liabilities $893,938  $350,299  Total Current Liabilities  893,938   350,299            Commitments and contingencies                   Stockholders’ Equity         Preferred stock, $0.001 par value, 10,000,000 authorized shares:         Convertible Series A preferred shares, 728,816 and 757,770 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively (liquidation preference $2,627,464 and $2,636,764 at June 30, 2020 and December 31, 2019, respectively)  728   757  Convertible Series B preferred shares, 2,666,667 issued and outstanding at June 30, 2020 and December 31, 2019, (liquidation preference $4,730,500 and $4,569,180 at June 30, 2020 and December 31, 2019, respectively)  2,667   2,667  Common stock, $0.001 par value, 8,333,333 authorized, 3,809,415 and 3,252,371 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively  3,809   3,252  Additional paid-in capital  136,647,267   133,932,615  Accumulated deficit  (118,480,938)  (114,084,746) Total Stockholders’ Equity  18,173,533   19,854,545  Total Liabilities and Stockholders’ Equity $19,067,471  $20,204,844            LIGHTBRIDGE CORPORATION UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS      Three Months Ended  Six Months Ended    June 30,  June 30,     2020   2019   2020   2019 Revenue $—  $—  $—  $—                 Operating Expenses              General and administrative  2,028,667   1,230,154   3,965,421   2,587,916   Research and development  115,776   545,118   505,600   1,467,353  Total Operating Expenses  2,144,443   1,775,272   4,471,021   4,055,269                 Other Operating Income and (Loss)              Other income from joint venture  —   305,375   —   660,656   Equity in loss from joint venture  —   (1,962,318)  —   (3,257,350) Total Other Operating Income and (Loss)  —   (1,656,943)  —   (2,596,694) Operating Loss  (2,144,443)  (3,432,215)  (4,471,021)  (6,651,963)                Other Income              Interest income  12,337   125,298   74,829   234,519  Total Other Income  12,337   125,298   74,829   234,519                 Loss before income tax  (2,132,106)  (3,306,917)  (4,396,192)  (6,417,444) Income taxes  —   —   —   —  Net loss $(2,132,106) $(3,306,917) $(4,396,192) $(6,417,444)                Accumulated preferred stock dividend  (128,238)  (121,703)  (254,149)  (242,518) Deemed additional dividend on preferred stock dividend due the beneficial conversion feature  (55,294)  (51,814)  (109,611)  (103,185)               Net loss attributable to common stockholders $(2,315,638) $(3,480,434) $(4,759,952) $(6,763,147)                Net Loss Per Common Share, Basic and Diluted $(0.66) $(1.14) $(1.40) $(2.27) Weighted Average Number of Common Shares Outstanding  3,486,566   3,064,548   3,390,782   2,975,728                 LIGHTBRIDGE CORPORATION UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS      Six Months Ended     June 30,     2020   2019  Operating Activities        Net Loss $(4,396,192) $(6,417,444) Adjustments to reconcile net loss from operations to net cash used in operating activities:        Stock-based compensation  12,170   572,285   Patent write-off  111,850   —   Equity in loss from joint venture  —   3,257,350  Changes in operating working capital items:        Other receivable from joint venture  400,000   (414,021)  Prepaid expenses and other current assets  (207,281)  (118,059)  Accounts payable and accrued liabilities  543,639   210,650  Net Cash Used in Operating Activities  (3,535,814)  (2,909,239)          Investing Activities        Investment in joint venture  —   (3,540,000)  Patent costs  (69,872)  (128,771) Net Cash Used in Investing Activities  (69,872)  (3,668,771)          Financing Activities        Net proceeds from issuances of common stock and exercise of stock options  2,703,010   2,916,399  Net Cash Provided by Financing Activities  2,703,010   2,916,399           Net Decrease in Cash and Cash Equivalents  (902,676)  (3,661,611)          Cash and Cash Equivalents, Beginning of Period  17,958,989   24,637,295           Cash and Cash Equivalents, End of Period $17,056,313  $20,975,684           Supplemental Disclosure of Cash Flow Information:        Cash paid during the period:        Interest paid $—  $—   Income taxes paid $—  $—   Non-Cash Financing Activity:        Accumulated preferred stock dividend $363,760  $345,703   Conversion of Series A convertible preferred stock to common stock and payment of paid-in-kind dividends to Series A preferred stockholder $23,032  $91,635

  • GlobeNewswire

    Lightbridge to Hold Business Update & Second Quarter 2020 Earnings Conference Call on Tuesday, August 11, 2020 at 4pm ET

    RESTON, Va., July 27, 2020 (GLOBE NEWSWIRE) -- Lightbridge Corporation (NASDAQ: LTBR), an advanced nuclear fuel technology company, today announced that it will release financial results for the second quarter ended June 30, 2020 after the market closes on Monday, August 10, 2020. Lightbridge will host a conference call on Tuesday, August 11th at 4:00 p.m. Eastern Time to discuss the company's financial results and provide an update on its fuel development activities. Interested parties can access the conference call by calling 833-519-1295 for U.S. callers, or +1-914-800-3866 for international callers. The call will be available on the Company’s website via webcast at https://www.ltbridge.com/investors/news-events/ir-calendar. 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.Investors may submit written questions via e-mail to: ir@ltbridge.com. Please submit any questions by the end of business on August 4, 2020.A webcast will also be archived on the Company’s website and a telephone replay of the call will be available approximately two hours following the call and can be accessed by dialing 855-859-2056 from the U.S. or +1-404-537-3406 for international callers.About Lightbridge CorporationLightbridge (NASDAQ: LTBR) is an advanced nuclear fuel technology development company based in Reston, Virginia, United States. The Company is developing Lightbridge Fuel™, a proprietary next-generation nuclear fuel technology for current and future reactors, which significantly enhances the economics, safety, and proliferation resistance of nuclear power. Lightbridge invented, patented, and has independently validated its technology, with goals of preventing climate change and enhancing national security. The Company has assembled a world-class development team. Four large electric utilities that generate about half of America’s nuclear power have been advising Lightbridge since 2012 on fuel development and deployment. The Company plans to operate under a licensing and royalty model, and based on the increased power generated by Lightbridge-designed fuel expects to offer high ROI for operators of existing and new reactors.  For more information please visit: www.ltbridge.com.To receive Lightbridge Corporation updates via e-mail, subscribe at https://www.ltbridge.com/investors/news-events/email-alertsLightbridge is on Twitter. Sign up to follow @LightbridgeCorp at http://twitter.com/lightbridgecorp.Forward Looking StatementsWith 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 timing and outcome of research and development activities, other steps to commercialize Lightbridge Fuel™ and future governmental support and funding for nuclear energy. 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 Company’s ability to commercialize its nuclear fuel technology; 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; changes in the political environment; risks associated with the further spread of COVID-19, including the ultimate impact of COVID-19 on people, economies, and the Company’s ability to access capital markets; the outcome of the arbitration with the Company’s former joint venture partner and dissolution of the Enfission joint venture; as well as other factors described in Lightbridge's filings with the U.S. 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, except as required by law. Readers are cautioned not to put undue reliance on forward-looking statements. A further description of risks and uncertainties can be found in Lightbridge’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and in its subsequent reports on Form 10-Q, including in the sections thereof captioned “Risk Factors” and “Forward-Looking Information and Factors That May Affect Future Results”, as well as in its subsequent reports on Form 8-K, all of which are filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/ and www.ltbridge.com.Investor Relations Contact: Matthew Abenante Director of Investor Relations Tel: 646-828-8710 ir@ltbridge.com

  • Thomson Reuters StreetEvents

    Edited Transcript of LTBR.OQ earnings conference call or presentation 14-May-20 8:00pm GMT

    Q1 2020 Lightbridge Corp Earnings Call

  • GlobeNewswire

    Lightbridge Joins Gender Champions in Nuclear Policy

    Lightbridge Corporation (LTBR), an advanced nuclear fuel technology company, today announced that it has become a member of Gender Champions in Nuclear Policy. Lightbridge is developing its advanced metallic fuel designed to make both existing and new nuclear power plants more efficient, more cost competitive, and even safer. Gender Champions in Nuclear Policy is a leadership network that brings together heads of organizations working in nuclear policy who are committed to break down gender barriers and make gender equality a working reality in their spheres of influence.

  • GlobeNewswire

    Lightbridge Awarded Patent in Eurasia for Innovative Nuclear Fuel Assemblies

    Lightbridge Corporation (LTBR), an advanced nuclear fuel technology company, today announced that it has received a patent from the Eurasian Patent Office for its innovative nuclear fuel assemblies. This is a divisional patent of the 2014 PCT application and covers an all-metal fuel assembly design with a mixed grid fuel rod arrangement inside the fuel assembly. Lightbridge is developing its advanced metallic fuel designed to make both existing and new nuclear power plants more efficient, more cost competitive, and even safer.

  • GlobeNewswire

    Lightbridge Receives Australian Patent for Innovative Nuclear Fuel Assemblies

    Lightbridge Corporation (LTBR), an advanced nuclear fuel technology company, today announced that it has received a patent from the Australian Patent Office for its innovative nuclear fuel assemblies. This is a divisional patent of the 2014 PCT application and covers an alternative embodiment for an all-metal fuel assembly design incorporating Lightbridge-designed four-lobe helically twisted fuel rods for use in pressurized water reactors. Lightbridge is developing its advanced metallic fuel designed to make both existing and new nuclear power plants more efficient, more cost competitive, and even safer.