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Wednesday, March 23, 2016 8:53:47 AM
"We raised approximately $200,000 in 2015 from our ATM financing agreement and as of the date of this filing, we have raised approximately $1.2 million in 2016 through our equity purchase agreement with Aspire."
"Well Anthony thank you for your question. Allow me say our burn rate has been about $5 million a year and the timeframe you’re talking, I think it’s going to go up to about $6 million a year. So less than $3 million a quarter"
Milestones are fantastic, but accounting is a real thing too. Citing $1.4 million raised is a reach and Seth knows it, hence the market reaction.
"This initial agreement with BWXT is to prepare a preliminary plan for fabrication of Lightbridge-designed partial length fuel samples at BWXT facilities in the United States. This plan is expected to be completed by early Q2 2016 pretty soon. And every single step on that path already has at least preliminary contracts in place like this binding joint development agreement with AREVA and government approval in place already. So, now we're executing on that and that's going to lead to significant milestones reached at least once every quarter."
What happened to CNL? The market doesn't like moving goal posts.
"Subsequent activities will include fabrication and characterization in early 2016 of prototype fuel test samples using depleted uranium, to be followed by fabrication in late 2016 of irradiation fuel test samples using low enriched uranium"
Recent LTBR News
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 06/05/2024 08:30:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 01:39:49 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 01:38:06 PM
- Lightbridge CEO Seth Grae Attends White House Summit on Domestic Nuclear Deployment • GlobeNewswire Inc. • 05/30/2024 12:00:00 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 05/10/2024 09:00:29 PM
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- Lightbridge Achieves Critical Fabrication Development Milestone by Demonstrating the Extrusion Process for Uranium-Zirconium Samples • GlobeNewswire Inc. • 03/18/2024 10:00:00 AM
- Lightbridge Announces Upcoming Nuclear Events • GlobeNewswire Inc. • 03/13/2024 12:00:00 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 03/04/2024 10:21:23 PM
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