Some notable excerpts from today's shareholder letter: https://www.ltbridge.com/news-media...e-ceo-seth-grae-issues-letter-to-shareholders Our goal is to stretch our runway with current cash in our accounts to the end of 2021 while focusing on key research and development activities. Aside from our current cash position, we have invested tens of millions of dollars to develop Lightbridge’s valuable technology, including Lightbridge Fuel™ rods, assemblies, and manufacturing methods, that is protected by a significant worldwide patent portfolio and trade secrets. The potential for our technology has been recognized by major companies in the nuclear industry and the Department of Energy (DOE) and its Idaho National Lab (INL). In fact, the barriers to entry within the DOE and INL are quite significant; to achieve this level of industry recognition is a testament to the potential of Lightbridge’s technology, and speaks to the wide disconnect in the market value of our stock. ARBITRATION WITH FRAMATOME We have commenced arbitration proceedings. We are confident of our position and will provide updates in the future.
Lightbridge Notified of Patent Grant from the Japan Patent Office for its Innovative Fuel May 01, 2020 8:00am EDT https://www.ltbridge.com/news-media...otified-of-patent-grant-from-the-japan-patent
Back above $4 https://www.powermag.com/industry-seeks-clarity-on-white-house-nuclear-strategy/ Seth Grae, president and CEO of Lightbridge Corp., a company which has invented, patented, and validated an innovative metallic nuclear fuel that could be deployed in large existing reactors and future SMRs, called the report a “breakthrough moment for the nuclear industry.” Grae, who noted he was one of 10 industry leaders who met with President Trump last year and participated in discussions that helped to form the NFWG, said the original goal of the NFWG was to develop recommendations for reviving and expanding domestic nuclear fuel production, and the recommendations in the report “are more far-reaching.”
Closed at $4.50 today. Market cap is still below cash. I am hoping for a day with 1 million shares traded soon. That should boost the share price... Bottom line is that now you have DOE, DOD, The White House and both sides of both houses behind the grand nuclear energy plan. Plus LTBR has the support of 4 of the largest US nuclear utilities.
