LIGHTBRIDGE (LTBR) Company Report

Lightbridge is developing a new advanced nuclear fuel designed to significantly increase power output, enhance safety, and improve economics for existing and new reactors, including small modular reactors.
Fuel samples are currently undergoing testing in the Advanced Test Reactor at Idaho National Laboratory, with initial results expected by Fall 2026.
The company projects its fuel could enable a 10% power uprate for a typical reactor, generating an estimated $60 million per year in economic benefit, with potential for over 30% uprates.
Lightbridge anticipates the first segments of rods and lead test assemblies to be in commercial reactors within approximately eight years.
The company reports having no debt and expects to report a larger cash number soon.

Jan 14, 2026, 9:30 PM

Lightbridge Provides Update on Advanced Nuclear Fuel Development and Market Outlook

LTBR

Product Launch

New Projects/Investments

Guidance Update

Lightbridge is developing a new nuclear fuel designed to significantly increase power output and enhance safety in existing and new reactors, including small modular reactors (SMRs).
Key development milestones include the initial demonstration of rod production in March 2024 and completion of co-extrusion for commercial fuel in February 2025 at Idaho National Laboratory (INL). Initial results from fuel sample testing in the Advanced Test Reactor are expected by Fall.
The company projects substantial economic benefits for utilities, with a 10% power uprate potentially generating approximately $60 million per year in economic benefit per typical reactor and extending fuel cycles from 18 to 24 months.
Lightbridge maintains a strong financial position with no debt and anticipates providing a detailed revenue model in the coming months, with first commercial reactor fuel segments expected in less than 10 years, potentially around eight years.

Jan 14, 2026, 9:30 PM

Lightbridge Corporation Reports Q3 2025 Financials and Operational Milestones

LTBR

Earnings

New Projects/Investments

Lightbridge Corporation reported a strong liquidity position as of September 30, 2025, with $153.3 million in cash and cash equivalents and $153.1 million in working capital, maintaining a debt-free balance sheet.
For the nine months ended September 30, 2025, the company generated $121.4 million in net cash from financing activities, primarily from $120.4 million in net proceeds from the issuance of approximately 9.9 million shares of common stock under its ATM facility.
The net loss for the nine months ended September 30, 2025, increased to $12.4 million compared to $7.9 million for the same period in 2024, driven by higher R&D expenses of $5.3 million and G&A expenses of $9.2 million.
Operationally, Lightbridge achieved significant milestones, including the successful loading of enriched uranium zirconium alloy coupon samples into an experimental assembly for upcoming irradiation testing in the Advanced Test Reactor at Idaho National Laboratory.
The company also advanced its collaboration with Oklo to evaluate co-location opportunities for manufacturing advanced fuels and was included in the Russell 2000 and Russell 3000 indexes.

Nov 6, 2025, 9:00 PM

Lightbridge Corporation Announces Q3 2025 Financial Results and Business Update

LTBR

Earnings

New Projects/Investments

Lightbridge Corporation reported a net loss of $4.1 million for the third quarter ended September 30, 2025, an increase from a net loss of $2.7 million in the prior year period, primarily due to higher general and administrative and research and development expenses.
The company's cash and cash equivalents surged to $153.3 million at September 30, 2025, from $40.0 million at December 31, 2024. This increase was largely driven by $121.4 million in net proceeds from financing activities for the nine months ended September 30, 2025, predominantly from the issuance of common stock.
Working capital also significantly increased to $153.1 million at September 30, 2025, compared to $39.9 million at December 31, 2024.
Operationally, Lightbridge achieved critical milestones in its Lightbridge Fuel development, including the co-extrusion of an eight-foot demonstration rod and the fabrication of enriched uranium-zirconium alloy samples now ready for insertion into the Advanced Test Reactor.

Nov 5, 2025, 10:00 PM

Lightbridge Completes Fuel Capsule Loading for ATR Testing

LTBR

New Projects/Investments

Lightbridge Corporation has successfully completed the loading of capsules containing enriched uranium-zirconium alloy Lightbridge Fuel material samples into an experiment assembly.
These samples, manufactured at Idaho National Laboratory (INL), are now ready for irradiation testing in the Advanced Test Reactor (ATR), which is anticipated to commence later this year.
This testing program is crucial for obtaining critical performance data needed to inform Lightbridge’s regulatory licensing activities and advance its commercial deployment efforts.

Oct 9, 2025, 11:02 AM