Here are the most notable quotes from the Q1 CC. The stock will move up soon in my humble opinion...
"As we have discussed previously, we submitted a new grant application to the U.S. Department of Energy in late January 2019 and we expect to hear back later this quarter. Our business is not dependent on these grants however if a DOE Grant is awarded, it will help accelerate our project timelines through the Enfission JV with Framatome.
Just last month, the gateway for accelerated innovation in nuclear or GAIN initiative of the U.S. department of energy, office of nuclear energy announced that Framatome, Inc. had been awarded a nuclear energy voucher to help accelerate licensing of the Lightbridge Fuel design. This GAIN nuclear energy voucher further validates DOEs support for our technology which bodes well for future opportunities. DOE established gain to provide the nuclear community with technical, regulatory, and financial support to advance innovative nuclear technologies toward commercialization.
While our focus is on developing fuel for large Western pressurized water reactors Andrey mentioned the 17x17 reactors, we're also seeing increased interest in Lightbridge Fuel for other types of reactors. We expect to have upcoming news on this subject."
“We're working on potential new membership, overseas membership, I think very significant relating to the Nuclear Utility Fuel Advisory Board. And we're expecting what could be fairly near-term news relating to an additional kind of reactor and interest in our fuel and how we think that might also help with the Department of Energy.”
“Well, as we mentioned, we are moving forward expeditiously with discussions to finalize this first utility agreement. It is going well. While I realize investors are anxious for the details, we are limited by strict confidentiality obligations as to what we can disclose right now. But what I can say is that we are following an established process that we expect will result in this lead test rod contract with a major U.S. nuclear utility this year. We expect this will be the most significant milestone our company has yet reached. And we will communicate the details as soon as we are able to do so under the confidentiality or operating under. Unfortunately, that is all we can say right now.”
"In February, as discussed on our last call, I was grateful to have had the opportunity to meet with President Trump and discuss Lightbridge Fuel and how the U.S. nuclear power industry helps bring the strongest nonproliferation, safety and security standards to global markets.
We also discussed the strength of nuclear suppliers from across the U.S. industry and how these strengths contribute to the domestic industrial base that is vital to American companies competing and winning overseas."
