Lightbridge Corporation (LTBR)

[BMGS]

Interview from September with Seth Grae
It is a few month old but nevertheless quite interesting.

Titans of Nuclear: Seth Grae | Lightbridge Commercialization Process (Pt. 8)
22 September 2019

Bret Kugelmass: What are the next steps toward final commercialization of Lightbridge’s product?

Seth Grae: In the coming months, Lightbridge is going to see how the government funding applications go and announce their first major contract with a major utility to put skin in the game. The fuel is going into the lead test rod assembly program in 2021 and is announcing, with the DOE and the National Labs, a research reactor test program that will start in 2020 that will feed samples going into the TREAT reactor. Lightbridge is going to make four meter-long rods that will be put together into one commercial-length rod that will have different zones up and down the rod. It will be put inside an actual commercial reactor in the U.S. to see how the four different areas do in parallel with the 2020 tests in the research reactors. This combination of data will give comfort to the utilities that it provides a benefit to the reactors and to the Nuclear Regulatory Commission (NRC) that they have the data they need to license it. The fuel will also go into the fuel pool, travel into the core, provide power, and be irradiated by the assemblies around it. The fuel will be taken back out to the spent fuel pool providing commercial experience and approvals. A whole assembly will go in 2023 or 2024 as part of the lead test assembly program, per a letter of intent from a major utility. In 2027 or 2028, Seth Grae anticipates full commercialization. Fossil fuels causes air pollution and climate change, but people give it a market because it is easy to extract. An independent study by Siemens showed that Lightbridge is going to destroy fossil fuels in the marketplace though base load power. The cheapest way to make massive base load power it to switch a reactor to Lightbridge fuel. It will be way cheaper than coal, natural gas, and renewables with the best non-proliferation on the planet. Nuclear at its worst is safer than coal at its worst. The United Arab Emirates (UAE) will be the next country to start up nuclear reactors in the world and is meeting and exceeding the highest standard in the world. Without growth in nuclear power, the world won’t meet climate, air pollution, or energy goals. Lightbridge can provide this growth without building the reactors, but instead getting more power out of the existing ones and justifying the case to build new reactors.