LTBR

Image source: The Motley Fool. Thursday, Aug. 6, 2026 at 4 p.m. ET Investor Relations - Matthew Abenante Chief Executive Officer - Seth Grae Executive Vice President and Chief Operating Officer - Andrey Mushakov Senior Vice President and Chief Technology Officer - Scott Holcombe Chief Financial Officer - Lawrence Goldman Controller - Lesli Mills Investor Relations - Matthew Abenante Need a quote from a Motley Fool analyst? Email [email protected] Operator: Thank you for standing by, and welcome to the Lightbridge Corporation business update and second quarter 2020 conference call. Please note that today's call is being recorded. It is now my pleasure to introduce Matthew Abenante, of Investor Relations for Lightbridge Corporation. Matthew Abenante: Thank you, Grace, and thank you all for joining us today. Our earnings press release was distributed yesterday and is available on the Investor Relations page of the Lightbridge website at www.ltbridge.com. Joining us on the call today is Seth Grae, chief executive officer along with Andrey Mushakov, executive vice president and chief operating officer. Scott Holcombe, senior vice president and chief technology officer Lawrence Goldman, chief financial officer and Lesli Mills, controller. I want to remind our listeners that any statements on this call that are not historical facts are forward looking statements. Today's presentation includes forward looking statements about the company's competitive position and product and service offer. During today's call, words such as expect, anticipate, believe, intend, will be used in our discussion of future goals and events. This presentation is based on current expectations and involves certain risks and uncertainties that may cause actual results to differ significantly from such. These and other risks are set forth in more detail in Lifebridge's filings with the Securities and Exchange Commission. Lightbridge does not assume any obligation to update or revise any such forward looking statement. Whether as a result of new developments or otherwise. And with that, I would like to turn the call over to our first speaker, Seth Grae, Chief Executive Officer of Lightbridge. Operator: Hello, Seth. Please stand by. Thank you for standing by. 1 moment till we resume our call. Oh, no. They are going to call you. I am going to call you. Just stand by. Bye. Thank you for standing by. 1 moment as we resume. Seth Grae: Hello? Operator: Yeah. Seth Grae: Hello? Operator: Hi. Seth Grae: This is Seth. Operator: We hear you. This is Grace, the host. You can please proceed. Seth Grae: I am sorry. We never had a problem like this before. These calls are live. So thank you for holding on through technical difficulties here. I appreciate it. And I will just start again. I will say thank you, Matthew. Thank you all for joining us to discuss Lightbridge's second quarter and first half 2020 business update. In May, the initial batch of our fuel material samples was removed from the advanced test reactor at Idaho National Laboratory. Those samples are cooling now, and we expect post irradiation examination to begin later this year. The examination will give us our first measured material property data under initial burn up conditions. Data generated from our own fuel samples, in the world's most powerful test reactor. That data will feed directly into the fuel performance models and the licensing documentation we will submit to the US Nuclear Regulatory Commission, Alongside that milestone, we advanced in other key areas in the first half of 2020. We integrated the Lightbridge fuel design into the commercial core management software that many utilities already use through a partnership with Studzvik Scan Power. And we took additional steps towards securing a domestic supply of enriched fuel material for commercial deployment through a memorandum of understanding with Centrus Energy. I will now turn the call over to Andrey Mushakov, Executive Vice President And as of today, congratulations chief operating officer. To walk through the program highlights in detail. Andrey Mushakov: Thank you, Seth. As Seth mentioned, we continue to make progress across fuel development and qualification activities. I want to update you on our fuel fabrication planning activities. In the second quarter of this year, we issued a task order to Momentum Technology, under our master services agreement to conduct feasibility and site selection studies and develop a conceptual design for a stand alone Lightbridge expandable fuel facility. That would have the capability to manufacture Lightbridge fuel assemblies at commercial scale. And separately, evaluating the establishment of a pilot scale fuel fabrication capability to support the future manufacture of lead test assemblies. Separately, we continue to build the organization at Lightbridge. We have added in house staff during the second quarter. Across our core technical disciplines. And we view team expansion as an ongoing effort through the balance of this year and into 2027, and 2028. Approach remains disciplined, and aligned with our program needs. So that we attract top talent and build a world class team while maintaining capital efficiency. With that, I will turn the call over to Scott. Scott Holcombe: Thank you, Andrey. I will start with the sample removal at the advanced test reactor which is the milestone Seth opened with. On May 6th, the first batch of our fuel material samples was removed from the ATR. 24 Lightbridge personnel were on-site for it, including our full time fuel engineering team senior management. The following day, I met with the Idaho National Laboratory personnel leading the project. Including laboratory director John Wagner and associate laboratory director Jess Gehin to review progress and the path forward across the multiple Lightbridge projects underway at the laboratory. These samples were irradiated under the fission accelerated steady state testing method or FAST, an accelerated irradiation technique that uses highly enriched uranium to reach high burn up conditions faster than conventional test methods. AST was conceived and developed at Idaho National Laboratory and Boone Beausoleil, our director of materials, played a key role on the INL team that originated the concept and developed the underlying methodology during his prior tenure there. The samples are now cooling down, a process that takes several months, and post radiation examination is expected to begin later this year. The examination will collect data on fundamental material properties at various burn up levels. Practically, this is what is required to validate and verify our fuel performance models. The framework Kyle Perrin presented at TMS26 earlier this year was built on measured data from our own coupon samples. Post radiation examination data extends that framework into the burn up regime that matters for commercial fuel cycle and becomes part of the basis of our licensing work. The second item I want to cover is our partnership with Studsvik Scanpower. Announced in May. Together, we are developing an extension of the Studsvik CMS5 core management suite to model the Lightbridge fuel design. The significance here is practical. Utilities plan their cores, load their fuel, and manage their fuel cycles using established software. Studsvik has over 75 years of experience in 540 people across 7 countries, and its core monitoring and fuel optimization software is already adopted by customers worldwide. A utility evaluating Lightbridge fuel needs to be able to model it in the tools its engineers already operate. Its regulator needs to see results from codes with an established pedigree. This partnership puts our fuel inside that ecosystem rather than asking the industry to adopt something bespoke. And it supports our licensing work in parallel. Back to you, Seth. Seth Grae: Oh, thank you very much, Scott, and congratulations to Scott for as of today. Being senior vice president and chief technology officer. In June, I represented Lightbridge at the White House. For the launch of UPRISE, the utility power reactor incremental scaling effort. At the Eisenhower Executive Office Building. UPRISE is a US Department of Energy initiative targeting approximately 5 gigawatts of additional nuclear capacity from reactors that are already operating. And it advances the executive orders the president issued in May of last year. Directing the department to facilitate upgrades across the existing fleet that initiative recognizes something straightforward. The fastest and least expensive nuclear generated megawatts this country can add the grid. Are the ones we will draw from reactors that are already operating. Lightbridge Fuel is being designed to deliver among the largest power upgrades available to the operating pressurized water reactor fleet. The federal government has now put an explicit target on the commercial pathway we have been building toward for years. To make sure we are building toward what utilities actually need, we launched a reconstituted nuclear utility fuel advisory board in June. The board provides us with direct input from utility industry representatives on fuel development priorities licensing considerations, deployment strategies, operational requirements, and commercialization planning. I want to be clear that the board serves in an advisory capacity only and does not constitute a commitment by any participant to purchase, license, or deploy our fuel. What it does is put experts from companies that operate nuclear power plants in the room while decisions are still being made. Rather than after decisions are made. Commercial deployment also requires fuel material. And that supply must be arranged for years in advance. In July, we took steps in that by signing a memorandum of understanding with Centrus Energy (QNI), to establish a framework for collaboration on the long term supply of high assay low enriched uranium, or HALEU. Under the MOU, we will engage in discussions regarding potential supply and long-term offtake of HALEU produced at QNI's planned Vanguard facility at Idaho National Laboratory. Which is designed to produce up to 18 metric tons of HALO annually when it reaches full capacity. The companies intend to collaborate on fuel supply planning, technical interface requirements, commercial structuring, regulatory coordination, and logistics. The MOU is nonbinding, and does not establish pricing, quantity, or exclusivity commitments and any binding terms would be subject to a definitive agreement. It is the beginning of that work and beginning it now--beginning it now--is the point. We continue to believe the prospects for growth in nuclear power are the strongest they have ever been. There are approximately 440 operating power reactors worldwide today. To triple nuclear power globally and quadruple it in The United States by 2050 the world will need more power from reactors already operating not only from those still to be built. Lightbridge Fuel is designed to deliver exactly that. Within the same sized cores of new reactors and plants that exist today with even greater efficiency. 1 final note to our shareholders Earlier this week, Lightbridge was added to the Select Global Uranium and Nuclear Components Total Return Index, the benchmark tracked by the GlobalX uranium ETF, broadening the investor base with exposure to the nuclear supply chain. I will now turn the call over to Lawrence Goldman, chief financial officer, for a summary of the company's results. Lawrence Goldman: Larry? Thank you, Seth, and good afternoon, everyone. I would like to remind listeners that our detailed financial results are included in our earnings release issued yesterday after market close and in our Form 10 Q that will be filed with the Securities and Exchange Commission this week. Those materials are available on the Investor Relations section of the Lightbridge Corporation website and on the US Security and Exchange Commission website. I encourage everyone to review those documents for a full discussion of our financial statements risk factors and related disclosures. As of 06/30/2026, we held approximately $237.5 million in cash and cash equivalents. Compared to approximately $201.9 million at December 31, 2025. This positions us with substantial financial resources sufficient to fund our operations for an extended period of time. Looking at our cash flows for the first half of 2020, we used approximately $8.3 million in operations, reflecting the continued investment in our fuel development program and expanded team. On the financing side, we generated approximately $43.9 million in net cash, a decrease of $19.6 million from the $63.5 million we raised from financing activities in the same period last year. This year's financing activities were driven by $44.4 million in net proceeds from the issuance of approximately 3.8 million shares of common stock under our at the market or ATM facility. Partially offset by $0.5 million of tax withholding payments on the vesting of equity awards. We continue to evaluate funding opportunities to support our long term fuel development activities These include potential strategic partnerships, government grants, and contracts. And as appropriate, additional capital market transactions. Our capital allocation strategy remains disciplined. And milestone driven. We direct resources toward the activities that advance our fuel towards regulatory licensing and commercialization. Expansion of our in house team radiation testing, post irradiation examination, computational infrastructure, and safety analysis development. While maintaining a strong balance sheet that gives us flexibility to pursue opportunities as they arise. I will now turn the call over to Lesli Mills, our Controller, who will review our P&L for the first half of 2020. Lesli Mills: Thank you, Larry. Net loss was $12.1 million for the first half of 2020 compared to $8.3 million for the first half of 2020. Total R&D expenses amounted to $7.3 million for the 6 months ended June 30, 2026, compared to $3.3 million for the 6 months ended June 30, 2025, an increase of $4 million The increase was primarily due to a $2.4 million increase in employee compensation and stock based compensation. Reflecting an increase in new hires, increased employee bonuses, and several new stock based awards including performance stock awards. A $0.7 million increase in IT expenses which included additional computer hardware, software, and operating expenses related to the company's high performance computer. A $0.4 million increase in R&D project development costs related to cladding, critical heat flux testing, safety analysis, and feasibility studies. And a $0.2 million increase in INL project labor cost. As we entered into additional agreement modifications and new PICS. Total stock based compensation included in research and development expenses was $1.1 million and $0.4 million for the 6 months ended June 30, 2026 and 2025, respectively. Total G&A expenses were $8 million for the 6 months ended June 30, 2026, compared to $6 million for the 6 months ended June 30, 2025. The $2 million increase was primarily due to a $1.5 million increase in employee compensation and stock based compensation for employees, contractors, and directors. Reflecting new hires, increased bonuses, and several new stock based awards, including performance stock awards. Total stock based compensation included in G&A expenses was $2.8 million and $1.6 million for the 6 months ended 06/30/2026 and 06/30/2025, respectively. Total other income was $3.2 million for the 6 months ended June 30, 2026, compared to $1 million for the 6 months ended June 30, 2025. Other income consisted of interest income earned from treasury bills and our bank savings account. Driven by higher average cash balances. Back to you, Seth. Seth Grae: Thank you, Lesli. No questions have been submitted for the call. I want to thank everyone for participating in today's call, and standing by during our bit of technical difficulties with the phone. We appreciate the continued support of our shareholders and the dedication of our growing team and partners. We look forward to updating you on our progress in the coming quarters. In the meantime, you can reach us at [email protected]. Stay safe and well. Goodbye. Operator: Thank you for your participation in today's conference. This does conclude the program. You may now disconnect. Before you buy stock in Lightbridge, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Lightbridge wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $403,337!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,334,946!* That performance is why people listen. With a track record of beating the S&P 500 by 4x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul. See the 10 stocks » *Stock Advisor returns as of August 12, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Lightbridge (LTBR) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

This article first appeared on GuruFocus. Release Date: August 06, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Lightbridge Corp (NASDAQ:LTBR) is advancing its nuclear fuel technology with a strong focus on innovation and strategic partnerships. The company has a clear leadership team in place, including a CEO and COO, indicating organizational stability. Lightbridge Corp (NASDAQ:LTBR) is actively engaging with investors through earnings calls and press releases, demonstrating transparency. The company's forward-looking statements suggest confidence in future growth and product development. Lightbridge Corp (NASDAQ:LTBR) is positioned in the nuclear energy sector, which has long-term growth potential due to global energy demands. Lightbridge Corp (NASDAQ:LTBR) faces significant risks and uncertainties as highlighted in their forward-looking statements, which could impact actual results. The earnings call transcript indicates technical difficulties at the start, which may reflect operational challenges. Lightbridge Corp (NASDAQ:LTBR) has not yet generated revenue, as the call focuses on business updates rather than financial performance. The company's reliance on future events and goals suggests a lack of immediate profitability. Lightbridge Corp (NASDAQ:LTBR) operates in a highly regulated industry, which could pose barriers to market entry and scaling. Warning! GuruFocus has detected 3 Warning Signs with VOYG. Is LTBR fairly valued? Test your thesis with our free DCF calculator. Q: What are the key strategic milestones and financial highlights for Lightbridge in the second quarter of 2026? A: CEO Seth Gray highlighted that the company made significant progress on its strategic roadmap, including advancing its nuclear fuel technology commercialization efforts. The company maintained a strong cash position to fund ongoing R&D and business development activities, with a focus on securing partnerships and regulatory approvals for its fuel designs. Q: Can you provide an update on the development and testing of Lightbridge's metallic fuel rods? A: CTO Scott Holcomb detailed that the company completed key milestones in the irradiation testing program for its advanced metallic fuel rods. The tests are progressing as planned, with data confirming the fuel's performance characteristics, including enhanced heat transfer and safety margins, which are critical for commercial deployment in existing and future reactors. Q: What is the status of Lightbridge's engagement with potential commercial partners and customers? A: COO Andre Muchakov stated that the company is in active discussions with multiple nuclear utilities and reactor vendors. The focus is on establishing joint development agreements and licensing arrangements that would enable the deployment of Lightbridge fuel in commercial reactors, with an emphasis on the U.S. and international markets. Q: How is the company addressing regulatory requirements for its fuel technology? A: The leadership team noted that they are working closely with the U.S. Nuclear Regulatory Commission (NRC) to prepare for the licensing process. They are proactively engaging in pre-application activities to ensure that the data and safety analyses meet regulatory standards, aiming to streamline the eventual review and approval process. Q: What are the financial results for the second quarter of 2026, and how does the company plan to fund its operations? A: CFO Larry Coleman reported that the company's cash and cash equivalents remain robust, providing a runway into 2027. Operating expenses were in line with expectations, reflecting disciplined spending on R&D and corporate activities. The company continues to evaluate strategic funding options, including potential government grants and non-dilutive financing, to extend its cash runway. Q: Can you elaborate on the competitive advantages of Lightbridge's fuel technology compared to existing nuclear fuels? A: CTO Scott Holcomb explained that Lightbridge's metallic fuel offers significant advantages, including higher uranium efficiency, improved thermal conductivity, and enhanced safety margins. These features allow reactors to operate at higher power levels and with longer fuel cycles, providing economic and operational benefits to utilities. Q: What is the timeline for the commercialization of Lightbridge's fuel, and what are the key milestones ahead? A: CEO Seth Gray outlined that the company is targeting the mid-2030s for initial commercial deployment. Key milestones include completing irradiation testing, obtaining NRC licensing, and securing a commercial customer. The company is also exploring opportunities to accelerate the timeline through strategic partnerships and government support. Q: How is Lightbridge positioning itself in the context of the growing demand for nuclear energy and clean energy policies? A: The management team emphasized that the global push for decarbonization and energy security is creating a favorable environment for nuclear power. Lightbridge is well-positioned to capitalize on this trend by offering a technology that enhances the performance of existing reactors, which is a cost-effective and timely solution for utilities looking to increase clean energy output. Q: Are there any updates on the company's intellectual property portfolio and patent filings? A: The company confirmed that it continues to strengthen its intellectual property portfolio, with new patent applications filed to protect its innovations in fuel design and manufacturing processes. This is a critical component of the company's strategy to maintain a competitive edge and create barriers to entry for competitors. Q: What are the main risks and challenges the company faces in the near term? A: Management acknowledged that the primary challenges include the lengthy regulatory approval process, the need for sustained funding, and the technical complexities of scaling up fuel manufacturing. However, they expressed confidence in their ability to navigate these challenges given the strength of their team and the support of their stakeholders. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Lightbridge Corporation? Here are five stocks we like better. Fuel testing advanced: Lightbridge removed its first irradiated fuel samples from Idaho National Laboratory’s Advanced Test Reactor in May. Post-irradiation examinations later this year will help validate fuel-performance models and support future U.S. Nuclear Regulatory Commission documentation. Commercialization planning expanded: The company began feasibility and site-selection work for a commercial-scale fuel facility, is evaluating pilot-scale fabrication, and signed a non-binding memorandum with Quadrant Nuclear Industries to discuss potential HALEU supply and offtake arrangements. Cash increased alongside higher spending: Lightbridge ended the first half of 2026 with approximately $237.5 million in cash, supported partly by $44.4 million in stock-sale proceeds. However, its net loss widened to $12.1 million as research and development and general and administrative expenses increased. Up 135% in the Past Year, Can Cameco Continue Its Run? Lightbridge (NASDAQ:LTBR) reported progress in its nuclear fuel development program during the second quarter and first half of 2026, including the removal of its first irradiated fuel material samples from Idaho National Laboratory’s Advanced Test Reactor and steps toward commercial-scale fabrication and fuel supply planning. Chief Executive Officer Seth Grae said the initial batch of fuel material samples was removed from the Advanced Test Reactor, or ATR, in May. The samples are now undergoing a cooling period, with post-irradiation examination expected to begin later this year. The resulting data is expected to support the company’s fuel-performance models and documentation for eventual submission to the U.S. Nuclear Regulatory Commission. → 3 Drone Stocks That Should Soar After the Summer Slump Nuclear Stocks Are Melting Down—Should Investors Panic? Senior Vice President and Chief Technology Officer Scott Holcombe said the samples were irradiated using Fission Accelerated Steady-state Testing, or FAST, an Idaho National Laboratory-developed technique intended to reach high-burnup conditions more quickly than conventional testing methods. According to Holcombe, post-irradiation examination will collect data on fundamental material properties across different burnup levels. He said the information will be used to validate and verify Lightbridge’s fuel-performance models and extend the company’s data framework into burnup conditions relevant to commercial fuel cycles. → Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth Is It Too Late to Jump on the Nuclear Bandwagon? Lightbridge also said it is working with Studsvik Scandpower to develop an extension of the Studsvik CMS5 core-management software suite that can model the Lightbridge Fuel design. Holcombe said the partnership is intended to allow utilities considering the fuel to evaluate it using established core-planning, fuel-loading and fuel-cycle management tools. Grae said Lightbridge’s fuel is being designed for use in pressurized water reactors and to support power uprates at operating reactors. In June, he represented the company at the White House launch of the U.S. Department of Energy’s Utility Power Reactor Incremental Scaling Effort, or UPRISE, which targets approximately 5 gigawatts of additional nuclear capacity from currently operating reactors. → Jersey Mike's Serves Fresh Gains After IPO Stumble Executive Vice President and Chief Operating Officer Andrey Mushakov said Lightbridge issued a task order during the second quarter to Momentum Technology under its MAISTY services agreement. The work covers feasibility and site-selection studies, as well as a conceptual design for a standalone expandable fuel facility capable of manufacturing Lightbridge Fuel assemblies at commercial scale. The company is separately evaluating a pilot-scale fuel fabrication capability intended to support future fleet test assemblies, Mushakov said. Lightbridge also added staff across core technical disciplines during the quarter and expects its team-building efforts to continue through 2027 and 2028. In June, Lightbridge reconstituted its Nuclear Utility Fuel Advisory Board. Grae said the board will provide input from utility-industry representatives regarding fuel-development priorities, licensing, deployment strategies, operational requirements and commercialization planning. He emphasized that participation on the board does not constitute a commitment to purchase, license or deploy Lightbridge Fuel. In July, Lightbridge signed a non-binding memorandum of understanding with Quadrant Nuclear Industries, or QNI, covering discussions on a potential long-term supply and offtake arrangement for high-assay, low-enriched uranium, known as HALEU. The material would be produced at QNI’s planned Vanguard facility at Idaho National Laboratory, which is designed to produce up to 18 metric tons of HALEU annually at full capacity. The companies intend to discuss fuel supply planning, technical requirements, commercial terms, regulatory coordination and logistics. Grae said the memorandum does not establish pricing, quantity or exclusivity commitments, and any binding arrangement would require a definitive agreement. Chief Financial Officer Larry Goldman said Lightbridge had approximately $237.5 million in cash and cash equivalents as of June 30, up from approximately $201.9 million at Dec. 31, 2025. The company used approximately $8.3 million in cash for operations during the first half, reflecting continued investment in fuel development and staffing. Lightbridge generated approximately $43.9 million in net financing cash during the first six months of 2026, including $44.4 million in net proceeds from the issuance of approximately 3.8 million common shares through its at-the-market facility. That amount was partially offset by $0.5 million in tax-withholding payments related to the vesting of equity awards. Controller Leslie Mills said Lightbridge recorded a net loss of $12.1 million for the first half of 2026, compared with a net loss of $8.3 million in the prior-year period. Research and development expense rose to $7.3 million from $3.3 million a year earlier. General and administrative expense increased to $8 million from $6 million. Other income increased to $3.2 million from $1 million, primarily reflecting interest income from treasury bills and bank savings accounts amid higher average cash balances. Mills attributed higher R&D spending primarily to increased employee and stock-based compensation, information technology costs associated with the company’s high-performance computer, project development costs related to cladding, critical heat flux testing, safety analysis and feasibility studies, and higher Idaho National Laboratory project labor costs. Grae also said Lightbridge was added to the Solactive Global Uranium & Nuclear Components Total Return Index, a benchmark tracked by the Global X Uranium ETF. Lightbridge Corporation is a nuclear energy technology company focused on developing advanced nuclear fuel designs to enhance the safety, efficiency and economic performance of existing and new nuclear power reactors. The company's core technology centers on a patented metallic fuel system that replaces conventional uranium oxide fuel pellets with a uranium-zirconium alloy, configured in a helical rod design. This proprietary fuel form is intended to enable higher burnup rates, reduced fuel cycle costs and improved thermal conductivity, thereby addressing key challenges in the global nuclear industry. Since its inception, Lightbridge has conducted extensive research and development in collaboration with national laboratories, regulatory agencies and reactor operators. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Lightbridge Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

RESTON, Va., Aug. 05, 2026 (GLOBE NEWSWIRE) -- Lightbridge Corporation (“Lightbridge” or the “Company”) (Nasdaq: LTBR), an advanced nuclear fuel technology company, announced its financial results for the second quarter and first half of fiscal year 2026, and provided an update on the Company’s continued progress. Seth Grae, Chairman & Chief Executive Officer of Lightbridge, commented, “In the first half of 2026, our fuel development work at Idaho National Laboratory produced its first irradiated material for examination. In May, the first batch of our fuel material samples was removed from the Advanced Test Reactor with members of our engineering team and senior management present. Those samples are now cooling ahead of post-irradiation examination (PIE), which we expect to begin later this year. The PIE will produce our first material property data under high burn-up conditions, while irradiation of the remaining samples continues. We also received notices of allowance from the U.S. Patent and Trademark Office covering our multi-lobed fuel assembly for pressurized heavy water reactors, and from the European Patent Office covering our multi-zone fuel element and its additive manufacturing method across 39 contracting states.” “In May, we partnered with Studsvik Scandpower to develop an extension of the Studsvik CMS5 Core Management Suite to model the new Lightbridge Fuel™ design, placing our design inside the state-of-the-art software that utilities already rely on worldwide. Then in June, I represented Lightbridge at the White House launch of UPRISE, the Department of Energy initiative targeting approximately 5 GW of end capacity drawn from reactors already operating. As electricity demand accelerates, driven by AI and hyperscale data centers, the fastest and least expensive additional nuclear-generated megawatts will come from increasing the power output of currently operating reactors. Lightbridge Fuel is being designed to deliver the largest power uprates available while enhancing safety and operating at approximately 1,000°C cooler than conventional fuel.” “Since the quarter end, we signed a memorandum of understanding with Quadrant Nuclear Industries to establish a framework for long-term HALEU supply from its planned Vanguard facility at Idaho National Laboratory. Securing domestic fuel supply is work that has to be done years before the fuel is needed, and we intend to be early rather than late. Lightbridge was also added to the Solactive Global Uranium & Nuclear Components Total Return Index, the benchmark that is tracked by the Global X Uranium ETF, beginning earlier this week. As with the Russell indexes, joining this prestigious index broadens the base of investors with ownership of our stock.” Financial Highlights Working capital was approximately $236.4 million at June 30, 2026, compared to $201.7 million at December 31, 2025. Cash Flows Summary At June 30, 2026, the Company had cash and cash equivalents of $237.5 million, as compared to $201.9 million at December 31, 2025, an increase of $35.6 million, consisting of the following: Cash used in operating activities for the six months ended June 30, 2026, was $8.3 million, an increase of $2.7 million compared to $5.6 million for the six months ended June 30, 2025. The increase was primarily due to increased cash expenditures on R&D and G&A expenses, partially offset by higher interest income, reflecting increased average cash balances resulting from proceeds received through the Company's at-the-market (ATM) equity offering program. Cash provided by financing activities for the six months ended June 30, 2026, was $43.9 million, a decrease of $19.6 million compared to $63.5 million for the six months ended June 30, 2025. This decrease was primarily due to a $18.7 million decrease in net proceeds received from the issuance of common stock under our ATM program. The Company sold an aggregate of 3.8 million shares during the six months ended June 30, 2026, compared to an aggregate of 6.2 million shares during the six months ended June 30, 2025. Second Quarter 2026 Operations Summary General and administrative expenses amounted to $3.7 million for the quarter ended June 30, 2026, compared to $2.5 million for the quarter ended June 30, 2025. The $1.2 million increase was primarily due to a $0.9 million increase in employee compensation and stock-based compensation for employees, contractors, and directors, reflecting new hires, increased bonuses, and several new stock-based awards, including performance stock awards. Total stock-based compensation included in G&A expenses was $1.0 million and $0.5 million for the three months ended June 30, 2026, and June 30, 2025, respectively. Lightbridge’s total R&D expenses amounted to $4.0 million for the quarter ended June 30, 2026, compared to $1.6 million for the quarter ended June 30, 2025, an increase of $2.4 million. The increase was primarily due to a $1.4 million increase in employee compensation and stock-based compensation, reflecting an increase in new hires, increased employee bonuses, and several new stock-based awards, including performance stock awards; a $0.4 million increase in R&D project development costs related to cladding, critical heat flux testing, safety analysis, and feasibility studies; and a $0.2 million increase in Idaho National Laboratory (INL) project labor costs, as we entered into additional agreement modifications and new project task statements (PTSs). Total stock-based compensation included in R&D expenses was $0.4 million and $0.2 million for the three months ended June 30, 2026, and 2025, respectively. During the second quarter of 2026, the Company recorded a total reversal of $0.7 million of previously recognized stock-based compensation related to performance-based awards after the related performance condition was determined to no longer be probable of achievement. Of this amount, $0.5 million reduced general and administrative expense and $0.2 million reduced R&D expense for both the three months and six months ended June 30, 2026. Total other income was $1.9 million for the quarter ended June 30, 2026, compared to $0.6 million for the quarter ended June 30, 2025. Other income consisted of interest income earned from treasury bills and our bank savings account, driven by higher average cash balances. Net loss was $5.8 million for the quarter ended June 30, 2026, compared to $3.5 million for the quarter ended June 30, 2025. Six Months Ended June 30, 2026 Operations Summary General and administrative expenses amounted to $8.0 million for the six months ended June 30, 2026, compared to $6.0 million for the six months ended June 30, 2025. The $2.0 million increase was primarily due to a $1.5 million increase in employee compensation and stock-based compensation for employees, contractors, and directors, reflecting new hires, increased bonuses, and several new stock-based awards, including performance stock awards, and additional stock-based compensation in the prior period from the accelerated vesting of certain awards. Total stock-based compensation included in G&A expenses was $2.8 million and $1.6 million for the six months ended June 30, 2026, and June 30, 2025, respectively. Lightbridge’s total R&D expenses amounted to $7.3 million for the six months ended June 30, 2026, compared to $3.3 million for the six months ended June 30, 2025, an increase of $4.0 million. The increase was primarily due to a $2.4 million increase in employee compensation and stock-based compensation, reflecting an increase in new hires, increased employee bonuses, and several new stock-based awards, including performance stock awards; a $0.7 million increase in IT expenses, which include additional computer hardware, software, and operating expenses related to the Company’s high-performance computer; a $0.4 million increase in R&D project development costs related to cladding, critical heat flux testing, safety analysis, and feasibility studies; and a $0.2 million increase in INL project labor costs, as we entered into additional agreement modifications and new PTSs. Total stock-based compensation included in R&D expenses was $1.1 million and $0.4 million for the six months ended June 30, 2026, and 2025, respectively. Total other income was $3.2 million for the six months ended June 30, 2026, compared to $1.0 million for the six months ended June 30, 2025. Other income consisted of interest income earned from treasury bills and our bank savings account, driven by higher average cash balances. Net loss was $12.1 million for the six months ended June 30, 2026, compared to $8.3 million for the six months ended June 30, 2025. CONFERENCE CALL & AUDIO WEBCAST Lightbridge will host a conference call on Thursday, August 6, at 4:00 p.m. ET with the investment community to discuss the Company’s financial results and provide an update on its fuel development activities. The conference call will be led by Seth Grae, Chairman & Chief Executive Officer, with other Lightbridge executives available to answer questions. To join the call by phone, please register using this link (registration link), and you will receive dial-in details. To avoid delays, we encourage participants to dial in to the conference call 15 minutes before the scheduled start time. The webcast can be accessed at the following link (webcast). A webcast replay will also be available for a limited time at the following link (webcast replay). About Lightbridge Corporation Lightbridge Corporation (NASDAQ: LTBR) is focused on developing advanced nuclear fuel technology essential to delivering abundant, zero-emission, clean energy and providing energy security to the world. The Company is developing Lightbridge Fuel™, a proprietary next-generation nuclear fuel technology for existing light-water and pressurized heavy-water reactors, significantly enhancing reactor safety, economics, and proliferation resistance. The Company is also developing Lightbridge Fuel for new small modular reactors to deliver the same benefits, when combined with load-following with renewables, on a zero-carbon electric grid. Lightbridge has entered into two long-term framework agreements with Battelle Energy Alliance, LLC, the United States Department of Energy’s operating contractor for Idaho National Laboratory, the United States’ lead nuclear energy research and development laboratory. DOE’s Gateway for Accelerated Innovation in Nuclear program has twice awarded Lightbridge to support the development of Lightbridge Fuel over the past several years. An extensive worldwide patent portfolio backs Lightbridge’s innovative fuel technology. Lightbridge is included in the Russell 2000®, Russell 3000®, and Solactive Global Uranium & Nuclear Components Total Return Indexes. For more information, please visit www.ltbridge.com. To receive Lightbridge Corporation updates via e-mail, subscribe at https://www.ltbridge.com/investors/news-events/email-alerts Lightbridge is on YouTube. Subscribe to access past demonstrations, interviews, and other video content at https://www.youtube.com/@lightbridgecorporation Lightbridge is on X (formerly Twitter). Sign up to follow @LightbridgeCorp at http://twitter.com/lightbridgecorp. Forward-Looking Statements With the exception of historical matters, the matters discussed herein are forward-looking statements. These statements are based on current expectations on the date of this news release and involve a number of risks and uncertainties that may cause actual results to differ significantly from such estimates. The risks include, but are not limited to: Lightbridge’s ability to commercialize its nuclear fuel technology, including risks related to the design and testing of nuclear fuel incorporating its technology and the degree of market adoption of Lightbridge’s product and service offerings; dependence on strategic partners; any adverse changes to Lightbridge’s agreements or relationship with the U.S. government and its national laboratories; Lightbridge’s ability to fund its future operations, including general corporate overhead and outside research and development expenses, and continue as a going concern; the future market and demand for Lightbridge’s fuel for nuclear reactors and its ability to attract customers; Lightbridge’s ability to manage the business effectively in a rapidly evolving market; Lightbridge’s ability to employ and retain qualified employees and consultants that have experience in the nuclear industry; competition and competitive factors in the markets in which Lightbridge competes, including from accident-tolerant fuels; access to and availability of nuclear test reactors and the risks associated with unexpected changes in Lightbridge’s nuclear fuel development timeline; access to and availability of adequate resources and manufacturing capabilities at national laboratories that affect our nuclear fuel development timeline and project costs; Lightbridge’s ability to deploy and operate a dedicated nuclear fuel fabrication facility; the increased costs associated with metallization of Lightbridge’s nuclear fuel; uncertainties related to conducting business in foreign countries; public perception of nuclear energy generally; changes in laws, rules, and regulations governing Lightbridge’s business; changes in the political environment; development and utilization of, and challenges to, Lightbridge’s intellectual property domestically and abroad; the volatility of the trading price of Lightbridge’s securities and the potential for purchasers of its securities to incur substantial losses; and other factors described in Lightbridge’s filings with the Securities and Exchange Commission (the “SEC”). Lightbridge does not assume any obligation to update or revise any such forward-looking statements, whether as a result of new developments or otherwise, except as required by law. Readers are cautioned not to put undue reliance on forward-looking statements. A further description of risks and uncertainties can be found in Lightbridge’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in its other filings with the SEC, including in the sections thereof captioned “Risk Factors” and “Forward-Looking Statements,” all of which are available at http://www.sec.gov/ and www.ltbridge.com. Investor Relations Contact: Matthew Abenante, IRC Director of Investor Relations  Tel: +1 (347) 947-2093  [email protected] *** tables follow ***

RESTON, Va., July 29, 2026 (GLOBE NEWSWIRE) -- Lightbridge Corporation (“Lightbridge” or the “Company”) (Nasdaq: LTBR), an advanced nuclear fuel technology company, will announce its financial results for the second quarter and first half of fiscal year 2026 on Wednesday, August 5, after the market closes. Lightbridge will host a conference call on Thursday, August 6, at 4:00 p.m. ET with the investment community to discuss the Company’s financial results and provide an update on its fuel development activities. CONFERENCE CALL & AUDIO WEBCAST The conference call will be led by Seth Grae, Chairman & Chief Executive Officer, with other Lightbridge executives available to answer questions. Investors may submit written questions by August 3 via e-mail to [email protected]. To join the call by phone, please register using this link (registration link), and you will receive dial-in details. To avoid delays, we encourage participants to dial in to the conference call 15 minutes before the scheduled start time. The webcast can be accessed at the following link (webcast). A webcast replay will also be available for a limited time at the following link (webcast replay). About Lightbridge Corporation Lightbridge Corporation (NASDAQ: LTBR) is focused on developing advanced nuclear fuel technology essential to delivering abundant, zero-emission, clean energy and providing energy security to the world. The Company is developing Lightbridge Fuel™, a proprietary next-generation nuclear fuel technology for existing light-water and pressurized heavy-water reactors, significantly enhancing reactor safety, economics, and proliferation resistance. The Company is also developing Lightbridge Fuel for new small modular reactors to deliver the same benefits, plus load-following with renewables, on a zero-carbon electric grid. Lightbridge has entered into two long-term framework agreements with Battelle Energy Alliance, LLC, the United States Department of Energy’s operating contractor for Idaho National Laboratory, the United States’ lead nuclear energy research and development laboratory. DOE’s Gateway for Accelerated Innovation in Nuclear program has twice awarded Lightbridge to support the development of Lightbridge Fuel over the past several years. An extensive worldwide patent portfolio backs Lightbridge’s innovative fuel technology. Lightbridge is included in the Russell 2000® and Russell 3000® Indexes. For more information, please visit www.ltbridge.com. To receive Lightbridge Corporation updates via e-mail, subscribe at https://www.ltbridge.com/investors/news-events/email-alerts Lightbridge is on YouTube. Subscribe to access past demonstrations, interviews, and other video content at https://www.youtube.com/@lightbridgecorporation Lightbridge is on X (formerly Twitter). Sign up to follow @LightbridgeCorp at http://twitter.com/lightbridgecorp. Forward Looking Statements With the exception of historical matters, the matters discussed herein are forward-looking statements. These statements are based on current expectations on the date of this news release and involve a number of risks and uncertainties that may cause actual results to differ significantly from such estimates. The risks include, but are not limited to: Lightbridge’s ability to commercialize its nuclear fuel technology; the degree of market adoption of Lightbridge’s product and service offerings; Lightbridge’s ability to fund general corporate overhead and outside research and development costs; market competition; our ability to attract and retain qualified employees; dependence on strategic partners; demand for fuel for nuclear reactors; Lightbridge’s ability to manage its business effectively in a rapidly evolving market; the availability of nuclear test reactors and the risks associated with unexpected changes in Lightbridge’s fuel development timeline; the increased costs associated with metallization of Lightbridge’s nuclear fuel; public perception of nuclear energy generally; changes in the political environment; risks associated with war in Europe; changes in the laws, rules and regulations governing Lightbridge’s business; development and utilization of, and challenges to, Lightbridge’s intellectual property; risks associated with potential shareholder activism; potential and contingent liabilities; as well as other factors described in Lightbridge’s filings with the Securities and Exchange Commission (the “SEC”). Lightbridge does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise, except as required by law. Readers are cautioned not to put undue reliance on forward-looking statements. A further description of risks and uncertainties can be found in Lightbridge’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in its other filings with the SEC, including in the sections thereof captioned “Risk Factors” and “Forward-Looking Statements,” all of which are available at http://www.sec.gov/ and www.ltbridge.com. Investor Relations Contact: Matthew Abenante, IRC Director of Investor Relations  Tel: +1 (347) 947-2093  [email protected]

Patent allowances were granted in the U.S., Canada and Europe, broadening protection for Lightbridge’s helically twisted/multi-lobed and multi-zone fuel designs across key markets (including CANDU reactors and 39 European contracting states). Development and testing advanced with INL Project Task Statement #6 to develop co‑extruded fuel rod segments (initially using depleted uranium) and ongoing ATR irradiation tests with samples expected to be removed soon, while a multi‑phase thermal‑hydraulic program with Stern Laboratories aims to generate data to support U.S. regulatory licensing. Financially, Lightbridge ended Q1 with about $215.7 million in cash, raised $18.6 million via its ATM program, but posted a wider net loss of $6.3 million as R&D and stock‑based compensation increased. Interested in Lightbridge Corporation? Here are five stocks we like better. Up 135% in the Past Year, Can Cameco Continue Its Run? Lightbridge (NASDAQ:LTBR) used its first-quarter 2026 business update to highlight progress in intellectual property protection, fuel development and testing partnerships, and expanded internal engineering capabilities, alongside an increase in quarterly losses tied largely to higher research spending and stock-based compensation. CEO Seth Grae said the company received patent allowances in three major jurisdictions during the quarter, describing the awards as protecting “distinct dimension[s]” of the Lightbridge Fuel architecture across key global reactor markets. → Pipelines and Automation: 2 Energy Plays Built for Any Oil Price Nuclear Stocks Are Melting Down—Should Investors Panic? Grae said the Canadian Intellectual Property Office issued an allowance covering fuel assemblies that include helically twisted fuel assemblies arranged in a mixed grid pattern, which he said is “directly relevant to pressurized heavy water reactors, including Canada’s CANDU fleet.” He added that Lightbridge also secured broader Canadian claims covering mixed grid assemblies without specifying particular grid configurations. In the United States, Grae said the U.S. Patent and Trademark Office issued a notice of allowance covering fuel assemblies and nuclear reactors incorporating Lightbridge’s “spirally twisted multi-lobed fuel element technology,” also aimed at pressurized heavy water reactors, including CANDU-type designs. Grae said the related patent family now includes five U.S. patents. → Homebuilder Earnings: D.R. Horton Sticks Out as Pulte & NVR Sales Tank Is It Too Late to Jump on the Nuclear Bandwagon? In Europe, Grae said the European Patent Office issued a notice of allowance covering a “multi-zone fuel element design,” including variable radial zone thicknesses along the axial direction and elements produced via additive manufacturing. Grae said the allowance extends protection across 39 contracting states, including major European nuclear markets such as the U.K., France, and Germany. Andrey Mushakov, executive vice president for nuclear operations, said Lightbridge entered into “Project Task Statement number six” in April 2026 under its strategic partnership project agreement with Idaho National Laboratory (INL). The work is intended to support development of co-extruded fuel rod segments for future irradiation testing and to refine manufacturing processes and materials needed to produce rods and rodlets in their final cross-sectional configurations. → Meta Platforms Earnings Preview: What to Watch in Q1 2026 Report Mushakov said initial process development will use depleted uranium, with the expectation that if successful, the processes could later be applied to enriched uranium to produce fuel rod segments for irradiation experiments and test reactors, including INL’s Advanced Test Reactor (ATR). He said the scope includes fabrication and equipment enhancements, development and testing of key materials such as central displacer alloys and cladding behavior, and validation of co-extrusion techniques for both cylindrical and multi-lobe fuel designs. The work also includes preparing specimens—including those with controlled defects—to support nondestructive evaluation, calibration, and irradiation testing. Separately, Mushakov said Lightbridge signed an initial engineering contract and statement of work in March with Stern Laboratories Inc., an employee-owned Canadian provider of specialized nuclear experimental services, to assess thermal-hydraulic performance of Lightbridge Fuel for use in light water reactors. He described the effort as a multi-phase program: Phase 1: Design and fabrication of an electrically heated fuel simulator, acceptance testing, and a single-rod critical heat flux investigation at steam-water conditions up to 1,450 PSI; expected to take about one year. Phase 2: Expansion to a 9-rod critical heat flux investigation across a 600–2,200 PSI pressure range. Phase 3: A multi-year thermal-hydraulic test program structured to directly support U.S. regulatory licensing for deployment in the domestic light water reactor fleet. Mushakov said data from the Stern Labs program is expected to support demonstration of improved thermal margins and help build “the evidentiary records that the NRC will require on the path to commercial deployment.” Scott Holcombe, vice president of engineering, said Lightbridge’s irradiation testing program at INL continues after fuel material coupons were inserted into the ATR in November, marking the start of in-reactor testing of the company’s uranium-zirconium alloy fuel material samples. Holcombe said testing is ongoing and that data will inform fuel performance modeling and support the regulatory licensing process. Holcombe added that the company expects an initial batch of partially irradiated samples to be removed from the ATR “in the coming weeks,” with post-irradiation examination expected to begin later in 2026. Holcombe also outlined research and industry engagement activities, including technical presentations at the TMS 2026 Annual Meeting and Exhibition. He said Dr. Boone Beausoleil, Lightbridge’s director of materials, presented a paper titled “Metal Fuels Opportunities Beyond Sodium Fast Reactors,” and Dr. Kyle Paaren, manager of the fuel performance modeling group, presented “Uranium-zirconium alloy properties review and applicability to Lightbridge Corporation fuel performance activities.” Holcombe said the second paper demonstrated that Lightbridge’s proprietary UZr fuel can be modeled and characterized through a “newly validated Lightbridge-specific framework” built from measured data generated from the company’s own coupon samples. In addition, Holcombe said Lightbridge was selected to serve on the industry advisory board for a $6 million, four-year nuclear materials research project funded by the U.S. Department of Energy’s Nuclear Energy University Program and awarded to Pennsylvania State University. He said the project—called the “Big Ten Plus Network for the Study of Nuclear Materials at the Micro Scale”—includes multiple universities and support from Idaho National Laboratory and Oak Ridge National Laboratory. Holcombe said Lightbridge will focus on irradiation behavior of cladding materials for co-extruded fuels. In prepared remarks, Grae pointed to broader nuclear industry tailwinds, saying nuclear power set a record for global generation in 2025 and that more than 70 gigawatts of new nuclear capacity are under construction worldwide. He also referenced U.S. executive actions aimed at accelerating reactor permitting, reforming the Nuclear Regulatory Commission’s regulatory process, and rebuilding the domestic nuclear fuel supply chain. Grae cited the Department of Energy’s UPRISE initiative as “specifically focused on power upgrades for the existing fleet,” which he called a validation of Lightbridge’s commercial pathway. He also said technology companies including Meta, Amazon, and Google have committed to long-term nuclear procurement “at gigawatt scale,” and he described increasing pressure on utilities to secure firm power for industrial growth and data centers. Grae said Lightbridge Fuel is designed to provide “more power from the reactors that are already operating” within existing core and plant sizes “and with even greater safety.” CFO Larry Goldman said Lightbridge ended the quarter with approximately $215.7 million in cash and cash equivalents as of March 31, 2026, up from $201.9 million at Dec. 31, 2025. Goldman said the cash position provides “substantial financial resources sufficient to support our operations for an extended period, well beyond the near term.” Goldman said the company used $4.8 million in operating cash flow during the quarter, reflecting continued investment in the fuel development program and team expansion. He also said Lightbridge raised $18.6 million in net proceeds through its at-the-market equity offering program and continues to evaluate additional funding opportunities, including strategic partnerships, government grants and contracts, and potential additional capital markets activity. Controller Lesli Mills reported a net loss of $6.3 million for the first quarter ended March 31, 2026, compared with a net loss of $4.8 million in the year-ago quarter. Mills said R&D expenses rose to $3.3 million from $1.7 million, primarily due to higher employee compensation and stock-based compensation associated with new hires, bonuses, and new awards, as well as increased IT expenses related to the company’s high-performance computing infrastructure. Mills said G&A expenses increased to $4.3 million from $3.5 million, attributing the rise primarily to higher stock-based compensation along with increases in other administrative expenses such as recruiting fees and IT. She also reported other income of $1.3 million, up from $0.4 million, driven by interest income from treasury bills and higher average cash balances. No questions were submitted for the call, and Grae closed by thanking shareholders and partners and saying the company looks forward to updating investors on progress in coming quarters. Lightbridge Corporation is a nuclear energy technology company focused on developing advanced nuclear fuel designs to enhance the safety, efficiency and economic performance of existing and new nuclear power reactors. The company's core technology centers on a patented metallic fuel system that replaces conventional uranium oxide fuel pellets with a uranium-zirconium alloy, configured in a helical rod design. This proprietary fuel form is intended to enable higher burnup rates, reduced fuel cycle costs and improved thermal conductivity, thereby addressing key challenges in the global nuclear industry. Since its inception, Lightbridge has conducted extensive research and development in collaboration with national laboratories, regulatory agencies and reactor operators. The article "Lightbridge Q1 Earnings Call Highlights" was originally published by MarketBeat.

This article first appeared on GuruFocus. Release Date: April 28, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Lightbridge Corp (NASDAQ:LTBR) expanded its intellectual property protection across three major jurisdictions, enhancing its competitive position. The company advanced its fuel qualification program through a new engineering partnership for thermal-hydraulic testing, indicating progress in product development. Lightbridge Corp (NASDAQ:LTBR) received patent allowances from the United States, Canada, and Europe, strengthening its global patent portfolio. The company has increased its in-house engineering team, employing over two dozen full-time engineers, which supports its growth and development efforts. Lightbridge Corp (NASDAQ:LTBR) has substantial financial resources, with approximately $215.7 million in cash and cash equivalents, providing a strong financial position for future operations. Net loss increased to $6.3 million for the first quarter of 2026, compared to $4.8 million in the same period of 2025, indicating rising expenses. Research and development expenses rose significantly, primarily due to increased employee compensation and stock-based compensation. General and administrative expenses also increased, driven by higher stock-based compensation and other administrative costs. The company used $4.8 million in operations during the first quarter, reflecting continued investment in its fuel development program. Despite progress, the company still faces risks and uncertainties that could impact future results, as highlighted in their forward-looking statements. Warning! GuruFocus has detected 2 Warning Sign with LTBR. Is LTBR fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide an update on Lightbridge's intellectual property advancements? A: Seth Grae, CEO, highlighted that Lightbridge has expanded its intellectual property protection across three major jurisdictions. The company received patent allowances from the Canadian Intellectual Property Office, the United States Patent and Trademark Office, and the European Patent Office, covering various aspects of Lightbridge Fuel's architecture and technology. Q: What progress has been made in Lightbridge's fuel development and qualification activities? A: Andrey Mushakov, Executive VP for Nuclear Operations, stated that Lightbridge entered into Project Task Statement #6 with Idaho National Laboratory to develop co-extruded fuel rod segments for future radiation testing. The program aims to refine manufacturing processes and materials for fuel rods and rodlets. Q: How is Lightbridge engaging with the nuclear research community? A: Scott Holcombe, VP of Engineering, mentioned that Lightbridge presented research at the TMS 2026 Annual Meeting and Exhibition and was selected to serve on the Industry Advisory Board of a DOE-funded research initiative at Penn State. These engagements reflect the growing recognition of Lightbridge's technical program. Q: What are the financial highlights for Lightbridge in the first quarter of 2026? A: Lawrence Goldman, CFO, reported that Lightbridge held approximately $215.7 million in cash and cash equivalents as of March 31, 2026. The company used $4.8 million in operations and raised $18.6 million through an equity offering. The net loss for the quarter was $6.3 million. Q: How is Lightbridge planning to support its long-term fuel development activities? A: Lawrence Goldman, CFO, explained that Lightbridge is evaluating funding opportunities, including strategic partnerships, government grants, and additional capital market transactions. The company's capital allocation strategy is disciplined and milestone-driven, focusing on advancing fuel toward licensing and commercialization. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

RESTON, Va., April 27, 2026 (GLOBE NEWSWIRE) -- Lightbridge Corporation (“Lightbridge” or the “Company”) (Nasdaq: LTBR), an advanced nuclear fuel technology company, announced its financial results for the quarter ended March 31, 2026, and provided an update on the Company’s continued progress. Seth Grae, President & Chief Executive Officer of Lightbridge, commented, "The first quarter of 2026 reflects the depth and pace of Lightbridge's program execution. We received patent allowances from three major jurisdictions—Canada, the United States, and the European Patent Office—expanding the scope of patent protection for Lightbridge Fuel™ across the CANDU fleet, the U.S. domestic light water reactor market, and 39 European contracting states. We also entered into an engineering contract with Stern Laboratories to launch a multi-phase thermal-hydraulics test program to support U.S. regulatory licensing of our fuel for light water reactors. We were selected to serve on the Industry Advisory Board of a $6 million DOE-funded research initiative at Penn State. And our technical team presented proprietary uranium-zirconium alloy research at TMS2026, contributing to the scientific foundation that underpins everything we are building.” “We believe this is the most promising time for the growth of nuclear power in decades. Record global generation in 2025, sweeping U.S. executive action to accelerate reactor permitting and NRC reform, and landmark procurement commitments from the world's largest technology companies have collectively shifted the industry from a question of 'if' to a question of 'when and how fast.' Lightbridge is building to be the answer to the 'how'—specifically, how the existing global reactor fleet and new-build water-cooled reactors deliver more power and further enhanced safety, with improved economics.” “Our program is advancing on every front. We have grown to over two dozen in-house engineers across all of our core disciplines, including neutronics, thermal hydraulics, fuel performance, materials, fuel assembly mechanical design, licensing, high-performance computing, and program management, and we continue to add talent. The qualification pathway ahead of us is well-defined. We expect Lightbridge Fuel will enable power uprates of up to 30% or more for new-build water-cooled reactors, meaningfully more than any other approach, while operating approximately 1,000 degrees Celsius cooler. In existing light-water reactors, Lightbridge Fuel is expected to enable power uprates of up to 20% or more (depending on balance-of-plant constraints) and to extend the fuel cycle length. In addition to creating new nuclear generating capacity, the world is seeking greater power from the infrastructure it already has. That is precisely the problem we’ve designed Lightbridge Fuel to solve." Financial Highlights Working capital was approximately $215.8 million at March 31, 2026, compared to $201.7 million at December 31, 2025. Cash Flows Summary At March 31, 2026, the Company had cash and cash equivalents of $215.7 million, as compared to $201.9 million at December 31, 2025, an increase of $13.8 million, consisting of the following: Cash used in operating activities for the quarter ended March 31, 2026 was $4.8 million, an increase of $1.5 million compared to $3.3 million for the quarter ended March 31, 2025. The increase was primarily due to increased cash expenditures on R&D and general and administrative expenses, partially offset by higher interest income, reflecting increased average cash balances following equity financings. Cash provided by financing activities for the quarter ended March 31, 2026 was $18.6 million, a decrease of $1.6 million compared to $20.2 million for the quarter ended March 31, 2025. The decrease was due to a $1.6 million decrease in net proceeds received from the issuance of common stock under our ATM program and a $0.2 million decrease in net proceeds from the exercise of stock options, partially offset by a $0.2 million decrease in the payment of withholding taxes related to the net share settlement of equity awards. Balance Sheet Summary Total assets were $218.9 million and total liabilities were $1.3 million at March 31, 2026. Stockholders’ equity was $217.6 million at March 31, 2026, as compared to $203.0 million at December 31, 2025. First Quarter 2026 Operations Summary General and administrative expenses amounted to $4.3 million for the quarter ended March 31, 2026, compared to $3.5 million for the quarter ended March 31, 2025. The $0.8 million increase was primarily due to a $0.7 million increase in stock-based compensation for employees, contractors, and directors, reflecting several new stock-based awards granted after the prior period end, including performance stock awards, and a $0.1 million increase in other administrative expenses, including recruiting fees and IT expenses. Total stock-based compensation included in G&A expenses was $1.8 million and $1.1 million for the three months ended March 31, 2026, and March 31, 2025, respectively. Lightbridge’s total R&D expenses amounted to $3.3 million for the quarter ended March 31, 2026, compared to $1.7 million for the quarter ended March 31, 2025, an increase of $1.6 million. The increase was primarily due to a $1.0 million increase in allocated employee compensation and stock-based compensation, reflecting: an increase in new hires, increased employee bonuses, and several new stock-based awards granted after the prior period end, including performance stock awards; a $0.5 million increase in IT expenses, which include additional computer hardware, software, and operating expenses related to the Company’s high-performance computer; and a $0.1 million increase in other outside R&D expenses. Total stock-based compensation included in research and development expenses was $0.7 million and $0.2 million for the three months ended March 31, 2026, and 2025, respectively. Total other income was $1.3 million for the quarter ended March 31, 2026, compared to $0.4 million for the quarter ended March 31, 2025. Other income consisted of interest income earned from treasury bills and our bank savings account, driven by higher average cash balances. Net loss was $6.3 million for the quarter ended March 31, 2026, compared to $4.8 million for the quarter ended March 31, 2025. CONFERENCE CALL & AUDIO WEBCAST Lightbridge will host a conference call on Tuesday, April 28 at 4:00 p.m. ET to discuss the Company’s financial results and provide an update on its fuel development activities. The conference call will be led by Seth Grae, President & Chief Executive Officer, with other Lightbridge executives available to answer questions. To access the call by phone, please register using this link (registration link), and you will be provided with dial-in details. To avoid delays, we encourage participants to dial in to the conference call 15 minutes before the scheduled start time. The webcast can be accessed at the following link (webcast). A webcast replay will also be available for a limited time at the following link (webcast replay). About Lightbridge Corporation Lightbridge Corporation (NASDAQ: LTBR) is focused on developing advanced nuclear fuel technology essential to delivering abundant, zero-emission, clean energy and providing energy security to the world. The Company is developing Lightbridge Fuel™, a proprietary next-generation nuclear fuel technology for existing light-water and pressurized heavy-water reactors, significantly enhancing reactor safety, economics, and proliferation resistance. The Company is also developing Lightbridge Fuel for new small modular reactors to deliver the same benefits, plus load-following with renewables, on a zero-carbon electric grid. Lightbridge has entered into two long-term framework agreements with Battelle Energy Alliance, LLC, the United States Department of Energy’s operating contractor for Idaho National Laboratory, the United States’ lead nuclear energy research and development laboratory. DOE’s Gateway for Accelerated Innovation in Nuclear program has twice awarded Lightbridge to support the development of Lightbridge Fuel over the past several years. An extensive worldwide patent portfolio backs Lightbridge’s innovative fuel technology. Lightbridge is included in the Russell 2000® and Russell 3000® Indexes. For more information, please visit www.ltbridge.com. To receive Lightbridge Corporation updates via e-mail, subscribe at https://www.ltbridge.com/investors/news-events/email-alerts Lightbridge is on YouTube. Subscribe to access past demonstrations, interviews, and other video content at https://www.youtube.com/@lightbridgecorporation Lightbridge is on X (formerly Twitter). Sign up to follow @LightbridgeCorp at http://twitter.com/lightbridgecorp. Forward Looking Statements With the exception of historical matters, the matters discussed herein are forward-looking statements. These statements are based on current expectations on the date of this news release and involve a number of risks and uncertainties that may cause actual results to differ significantly from such estimates. The risks include, but are not limited to: Lightbridge’s ability to commercialize its nuclear fuel technology, including risks related to the design and testing of nuclear fuel incorporating its technology and the degree of market adoption of Lightbridge’s product and service offerings; dependence on strategic partners; any adverse changes to Lightbridge’s agreements or relationship with the U.S. government and its national laboratories; Lightbridge’s ability to fund its future operations, including general corporate overhead and outside research and development expenses, and continue as a going concern; the future market and demand for Lightbridge’s fuel for nuclear reactors and its ability to attract customers; Lightbridge’s ability to manage the business effectively in a rapidly evolving market; Lightbridge’s ability to employ and retain qualified employees and consultants that have experience in the nuclear industry; competition and competitive factors in the markets in which Lightbridge competes, including from accident-tolerant fuels; access to and availability of nuclear test reactors and the risks associated with unexpected changes in Lightbridge’s nuclear fuel development timeline; access to and availability of adequate resources and manufacturing capabilities at national laboratories that affect our nuclear fuel development timeline and project costs; Lightbridge’s ability to deploy and operate a dedicated nuclear fuel fabrication facility; the increased costs associated with metallization of Lightbridge’s nuclear fuel; uncertainties related to conducting business in foreign countries; public perception of nuclear energy generally; changes inlaws, rules, and regulations governing Lightbridge’s business; changes in the political environment; development and utilization of, and challenges to, Lightbridge’s intellectual property domestically and abroad; the volatility of the trading price of Lightbridge’s securities and the potential for purchasers of its securities to incur substantial losses; and other factors described in Lightbridge’s filings with the Securities and Exchange Commission (the “SEC”). Lightbridge does not assume any obligation to update or revise any such forward-looking statements, whether as a result of new developments or otherwise, except as required by law. Readers are cautioned not to put undue reliance on forward-looking statements. A further description of risks and uncertainties can be found in Lightbridge’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in its other filings with the SEC, including in the sections thereof captioned “Risk Factors” and “Forward-Looking Statements,” all of which are available at http://www.sec.gov/ and www.ltbridge.com. Investor Relations Contact: Matthew Abenante, IRC Director of Investor Relations Tel: +1 (347) 947-2093 [email protected]

RESTON, Va., April 21, 2026 (GLOBE NEWSWIRE) -- Lightbridge Corporation (“Lightbridge” or the “Company”) (Nasdaq: LTBR), an advanced nuclear fuel technology company, will announce its financial results for the first quarter of fiscal year 2026 on Monday, April 27, after the market closes. Lightbridge will host a conference call on Tuesday, April 28, at 4:00 p.m. ET with the investment community to discuss the Company’s financial results and provide an update on its fuel development activities. CONFERENCE CALL & AUDIO WEBCAST The conference call will be led by Seth Grae, President & Chief Executive Officer, with other Lightbridge executives available to answer questions. Investors may submit written questions by April 24 via e-mail to [email protected]. To access the call by phone, please register using this link (registration link), and you will be provided with dial-in details. To avoid delays, we encourage participants to dial in to the conference call 15 minutes before the scheduled start time. The webcast can be accessed at the following link (webcast). A webcast replay will also be available for a limited time at the following link (webcast replay). About Lightbridge Corporation Lightbridge Corporation (NASDAQ: LTBR) is focused on developing advanced nuclear fuel technology essential to delivering abundant, zero-emission, clean energy and providing energy security to the world. The Company is developing Lightbridge Fuel™, a proprietary next-generation nuclear fuel technology for existing light-water and pressurized heavy-water reactors, significantly enhancing reactor safety, economics, and proliferation resistance. The Company is also developing Lightbridge Fuel for new small modular reactors to deliver the same benefits, plus load-following with renewables, on a zero-carbon electric grid. Lightbridge has entered into two long-term framework agreements with Battelle Energy Alliance, LLC, the United States Department of Energy’s operating contractor for Idaho National Laboratory, the United States’ lead nuclear energy research and development laboratory. DOE’s Gateway for Accelerated Innovation in Nuclear program has twice awarded Lightbridge to support the development of Lightbridge Fuel over the past several years. An extensive worldwide patent portfolio backs Lightbridge’s innovative fuel technology. Lightbridge is included in the Russell 2000® and Russell 3000® Indexes. For more information, please visit www.ltbridge.com. To receive Lightbridge Corporation updates via e-mail, subscribe at https://www.ltbridge.com/investors/news-events/email-alerts Lightbridge is on YouTube. Subscribe to access past demonstrations, interviews, and other video content at https://www.youtube.com/@lightbridgecorporation Lightbridge is on X (formerly Twitter). Sign up to follow @LightbridgeCorp at http://twitter.com/lightbridgecorp. Forward Looking Statements With the exception of historical matters, the matters discussed herein are forward-looking statements. These statements are based on current expectations on the date of this news release and involve a number of risks and uncertainties that may cause actual results to differ significantly from such estimates. The risks include, but are not limited to: Lightbridge’s ability to commercialize its nuclear fuel technology; the degree of market adoption of Lightbridge’s product and service offerings; Lightbridge’s ability to fund general corporate overhead and outside research and development costs; market competition; our ability to attract and retain qualified employees; dependence on strategic partners; demand for fuel for nuclear reactors; Lightbridge’s ability to manage its business effectively in a rapidly evolving market; the availability of nuclear test reactors and the risks associated with unexpected changes in Lightbridge’s fuel development timeline; the increased costs associated with metallization of Lightbridge’s nuclear fuel; public perception of nuclear energy generally; changes in the political environment; risks associated with war in Europe; changes in the laws, rules and regulations governing Lightbridge’s business; development and utilization of, and challenges to, Lightbridge’s intellectual property; risks associated with potential shareholder activism; potential and contingent liabilities; as well as other factors described in Lightbridge’s filings with the Securities and Exchange Commission (the “SEC”). Lightbridge does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise, except as required by law. Readers are cautioned not to put undue reliance on forward-looking statements. A further description of risks and uncertainties can be found in Lightbridge’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in its other filings with the SEC, including in the sections thereof captioned “Risk Factors” and “Forward-Looking Statements,” all of which are available at http://www.sec.gov/ and www.ltbridge.com. Investor Relations Contact: Matthew Abenante, IRC Director of Investor Relations Tel: +1 (347) 947-2093 [email protected]

This article first appeared on GuruFocus. Release Date: February 26, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Lightbridge Corp (NASDAQ:LTBR) achieved major fuel development milestones, including the commencement of radiation testing for enriched uranium zirconium alloy fuel material samples. The company significantly strengthened its balance sheet, increasing cash and cash equivalents to approximately $201.9 million from $40 million a year earlier. Lightbridge Corp (NASDAQ:LTBR) signed a memorandum of understanding with Oklo Inc. to explore collaboration opportunities, including used fuel recycling and reprocessing. The company presented three technical papers at the Top Fuel 2025 conference, demonstrating growing interest in its fuel technology within the nuclear community. Lightbridge Corp (NASDAQ:LTBR) maintains a debt-free balance sheet with a clean capital structure, providing financial flexibility for future opportunities. Significant work remains around fuel performance testing and regulatory qualification, indicating ongoing challenges in the development process. The company used approximately $14.3 million in operations for fiscal 2025, reflecting high ongoing investment costs in its fuel development program. Despite progress, Lightbridge Corp (NASDAQ:LTBR) is still in the testing phase, with commercialization and licensing yet to be achieved. The company's future success is heavily reliant on favorable policy environments and potential strategic partnerships, which may not materialize as expected. No questions were submitted during the earnings call, which could indicate a lack of engagement or interest from investors or analysts. Warning! GuruFocus has detected 3 Warning Sign with LTBR. Is LTBR fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide an overview of the major milestones Lightbridge achieved in 2025? A: Seth Gray, CEO, highlighted that 2025 was transformative for Lightbridge, marked by significant milestones in fuel development, including the start of radiation testing of enriched uranium zirconium alloy fuel material samples at Idaho National Laboratory. The company also strengthened its balance sheet and advanced strategic partnerships, positioning itself for successful commercialization of its advanced nuclear fuel. Q: What are the key technical accomplishments in Lightbridge's fuel development? A: Andrei Musakov, Executive VP for Nuclear Operations, noted the start of capsule radiation testing in the advanced test reactor and the expansion of work at Idaho National Laboratory. The company also presented three technical papers at the Top Fuel 2025 conference, demonstrating growing interest in its fuel technology. Q: How is Lightbridge progressing with its radiation testing and what are the next steps? A: Scott Holcomb, VP of Engineering, explained that radiation testing of fuel material coupon samples began in November 2025. The initial batch of samples is expected to be discharged in April-May 2026, with post-radiation examination to follow. This will evaluate various performance metrics of the fuel samples. Q: What is the financial position of Lightbridge as of the end of 2025? A: Larry Goldman, CFO, reported that Lightbridge held approximately $201.9 million in cash and equivalents, up from $40 million the previous year. The company raised $176 million through an equity offering and generated $3.6 million in interest income, maintaining a debt-free balance sheet. Q: How do recent US nuclear policy changes impact Lightbridge? A: Seth Gray, CEO, discussed that recent executive orders signed by President Trump in 2025 represent a significant shift in US nuclear policy, creating potential market opportunities for Lightbridge. These policies support power upgrades to existing reactors, which align with Lightbridge's fuel technology designed for increased power output and enhanced safety. For the complete transcript of the earnings call, please refer to the full earnings call transcript.