Lightbridge Corp
NASDAQ:LTBR
Lightbridge Corp
Lightbridge Corp. engages in the development and commercialization of next generation nuclear fuel. The company is headquartered in Reston, Virginia and currently employs 6 full-time employees. The company went IPO on 2000-11-10. The firm is focused on developing Lightbridge Fuel, which is a nuclear fuel technology to improve the economics, safety and proliferation resistance of nuclear fuel in existing and new nuclear reactors, large and small, with a meaningful impact on addressing climate change, and air pollution. Its target market segments include water-cooled commercial power reactors, such as pressurized water reactors (PWRs), water-water energetic reactors (VVERs), boiling-water reactors (BWRs) and other heavy water reactors. The firm is also focusing on the small modular reactors (SMRs) that can benefit from its fuel with improved economics and load following when included on an electric grid with renewables. The firm's subsidiaries include Lightbridge International Holding LLC and Thorium Power Inc.
Lightbridge Corp. engages in the development and commercialization of next generation nuclear fuel. The company is headquartered in Reston, Virginia and currently employs 6 full-time employees. The company went IPO on 2000-11-10. The firm is focused on developing Lightbridge Fuel, which is a nuclear fuel technology to improve the economics, safety and proliferation resistance of nuclear fuel in existing and new nuclear reactors, large and small, with a meaningful impact on addressing climate change, and air pollution. Its target market segments include water-cooled commercial power reactors, such as pressurized water reactors (PWRs), water-water energetic reactors (VVERs), boiling-water reactors (BWRs) and other heavy water reactors. The firm is also focusing on the small modular reactors (SMRs) that can benefit from its fuel with improved economics and load following when included on an electric grid with renewables. The firm's subsidiaries include Lightbridge International Holding LLC and Thorium Power Inc.
Strong Balance Sheet: Lightbridge ended Q3 2025 with $153.3 million in cash and remains debt-free, providing a multiyear cash runway for R&D.
Technical Milestones: The company completed key milestones at Idaho National Laboratory, including co-extrusion of a demonstration rod and loading of enriched samples for upcoming irradiation testing.
Collaboration Progress: Lightbridge advanced its partnership with Oklo, with new plans to jointly evaluate additional colocation opportunities for advanced fuel manufacturing.
Government & Policy Tailwinds: Recent U.S. executive orders and major industry partnerships are creating a favorable policy and industrial environment for the company's advanced nuclear fuel technology.
Increased R&D Spend: Net loss rose to $12.4 million for the first 9 months of 2025, mainly due to a $2.1 million increase in R&D spending and higher G&A expenses.
Index Inclusion: Lightbridge was included in the Russell 2000 and Russell 3000 indexes, increasing its visibility among institutional investors.
