Lightbridge Corporation (LTBR)

[77Port]

This is from the 10-K, Part 1, looks like page 4. This is as far as I've read so far.
The term Lightbridge Fuel is new, I think. Don't remember seeing it before. Also, the patents now make more sense and this means the new reactor companies, the small modular reactors (SMRs), can make their own Lightbridge fuel and gear up to hit the ground running. The start date here is said to be 2029. But significant groundwork will require community discussions long before building starts. So, discussions, politics, and building would likely mean it starts in 2022-23 to be ready for 2029. The goal is exactly what happened to me. Never would I have imagined owning a nuclear stock. HALEU changed my mind.

To be ready for 2029 will take the entire process: teaching the value of HALEU to the wary public, identify land, began building the SMR. And during this time, LTBR fuel production would have to begin. It's a long process vision which is beginning make more sense.

Emerging nuclear technologies that many in the industry believe have the potential to generate massive amounts of power include SMRs, which are now in the development and licensing phases. We expect that Lightbridge Fuel™ can provide SMRs with all the benefits our technology brings to large reactors, with the benefits being more meaningful to the economic case for deployment of SMRs.

Lightbridge Fuel™ is expected to generate more power in SMRs than traditional nuclear fuels, which will help decarbonize sectors that are now powered by fossil fuels. We also plan to explore using Lightbridge Fuel™ in new SMRs to produce hydrogen for liquid non-carbon fuels for use in other, hard-to-decarbonize sectors such as aviation and shipping. Our ongoing research and development (R&D) initiatives are entirely compatible with Lightbridge Fuel™ powering SMRs for multiple purposes. The first SMRs that could use our fuel are expected to begin operations in 2029.


We have built a significant portfolio of patents reflecting years of R&D, and we anticipate testing of our fuel through third party vendors and others, including the United States Department of Energy (DOE) national laboratories. Currently, we are in the process of transitioning most of our R&D activities to U.S. national laboratories, and have begun to negotiate contracts for additional future scopes of work.