Lightbridge Advances Fuel Licensing with Stern Labs Engineering Contract for Thermal-Hydraulic Tests
Summary
Lightbridge Corporation has secured an engineering contract with Stern Laboratories for a multi-phase thermal-hydraulic test program of its Lightbridge Fuel. This agreement is a significant step in the company's fuel qualification program, aiming to assess performance and support U.S. licensing for commercial deployment in Light Water Reactors. The contract follows recent financing efforts and aligns with the broader industry push for advanced nuclear energy, as highlighted by the DOE's UPRISE initiative. Successful completion of these tests, with Phase 1 expected to take approximately one year, is critical for Lightbridge to bring its proprietary fuel technology to market and achieve commercialization.
At the time of this announcement, LTBR was trading at $11.70 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $394.1M. The 52-week trading range was $6.10 to $31.34. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.