Lightbridge Corporation (LTBR)

[77Port]

Finally, somebody opened the door to say, "Mr. Big is ready to see you now."

RESTON, Va., July 06, 2023 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel technology company, today announced that Texas A&M University (“TAMU”) has been awarded approximately $1,000,000 by the U.S. Department of Energy’s (“DOE”) Nuclear Energy University Program R&D Awards to study the deployment of advanced nuclear fuels in Small Modular Reactors. The project will be conducted over three years and will be funded in its entirety by the DOE, with the goal of bringing collaborative teams together to solve complex problems to advance nuclear technology and understanding. The study will consist of a comprehensive characterization of the performance of Lightbridge Fuel™ inside a small modular reactor (“SMR”) designed by industry leader NuScale Power (NYSE: SMR). Structural Integrity Associates (“SI”) will perform the thermal evaluation of Lightbridge Fuel in the SMR using its PEGASUS simulation software, a next generation fuel evaluation and design optimization tool. The study will generate unique sets of experimental data of friction factor, flow, and heat transfer behavior under normal and off-normal conditions. An abstract of the study can be found here: https://neup.inl.gov/FY23%20Abstracts/CFA-23-29356_TechnicalAbstract_2023CFATechnicalAbstractCFA-23-29356.pdf.

https://ih.advfn.com/stock-market/NASDAQ/lightbridge-LTBR/stock-news/91520051/lightbridge-announces-u-s-department-of-energy-aw