Lightbridge Corporation (LTBR)

[LUKEYE]

From the conference call: Is NOT this positive?

"We are now a government contractor in developing our metallic fuel"

Winning the GAIN voucher, our first U.S. Department of Energy funding award for the project, which helps position the company for the next phase of fuel development. We were delighted to announce the Cooperative Research and Development Agreement, CRADA, with Battelle Energy Alliance, LLC, the operating contractor of Idaho National Laboratory with DOE, in mid-April, which was the major milestone for Lightbridge.
The CRADA is for $845,000 with 3/4 of this amount paid by DOE, or $633,000, for the scope performed by INL, with the remainder comprising in kind or noncash contributions from Lightbridge for its scope of work in support of this project. In terms of the size of the GAIN voucher, the DOE states that it only allocates awards over $500,000 "in cases with a clear need and involving a truly exceptional technology or innovation."

We are now a government contractor in developing our metallic fuel. The scope of the project, which is 12 months in duration, includes experiments designed for irradiation of metallic fuel material samples in the Advanced Test Reactor at INL. We will establish the test plan for the measurement of key thermophysical properties of our fuel materials, both before and after irradiation. From there, INL will perform the detailed design and establish the safety case for the experiment in the Advanced Test Reactor.