Lightbridge Corporation (LTBR)

[russshackleford]

June 2015 Fuel Development Update

MCLEAN, Va., Aug. 19, 2015 (GLOBE NEWSWIRE) -- Lightbridge Corporation (LTBR) today issued a development and commercialization progress report for the quarter and six months ended June 30, 2015

“Over the next 12 to 15 months, we expect to incur approximately $3.0 million in research and development expenses related to the development of our proprietary nuclear fuel designs,” Grae said. “We are carefully managing our expenses and reducing overhead where appropriate, while maintaining a solid balance sheet with no long-term debt. Our strategy is to minimize dilution through alliances with fuel vendors, fuel fabricators and other strategic partners. Upon commercialization of our technology in the coming years, we believe the license and royalty fees from existing U.S. reactors alone will add significant value for shareholders.”

At June 30, 2015, the Company had approximately $2.4 million in cash, cash equivalents and restricted cash, and approximately $2.7 million of working capital, with no long-term debt.

http://finance.yahoo.com/news/lightbridge-announces-nuclear-fuel-development-120000428.html

It looks like Seth has decided that shareholders shouldn't have to pay for the remaining fuel development steps, what a guy, considering we've footed that bill for 10 years and two fuel variances. I want a nice pair of shoes too someday.