Lightbridge Corp. (NASDAQ: (LTBR) stock surged by 8.59% at the last close whereas the LTBR stock price declines by 7.54% in the pre-market trading session. Lightbridge is a business that focuses on the development of advanced nuclear fuel technology that will allow carbon-free energy applications that will be important in combating climate change.
LTBR stock’ Update
Lightbridge Corporation reported to its shareholders that the company in partnership with Idaho National Laboratory has successfully completed work under the US Department of Energy’s (DOE) Gateway for Accelerated Innovation in Nuclear (GAIN) voucher program to help the development of Lightbridge Fuel (INL).
The project comprised the construction of an experiment in the Advanced Test Reactor (ATR) at INL for the irradiation of Lightbridge metallic fuel material samples. The Lightbridge and INL teams collaborated to develop a test strategy for determining critical thermophysical characteristics of the Lightbridge Fuel material before and after irradiation in the ATR.
Moreover,
The deal for the high-assay low-enriched uranium (HALEU) material and manufacturing of the sample coupons for placement into the ATR is the next phase in the testing procedure. When Lightbridge’s main internal change-out service outage is done, the experiment should be ready for insertion into the ATR. The real experiment insertion is contingent on the outage’s ultimate duration, the availability of testing places in the ATR, and INL’s past testing obligations. Following the completion of the requisite burn-up in the ATR, post-irradiation testing is scheduled.
President and Chief Executive Officer of Lightbridge, Seth Grae, commented,
Lightbridge has achieved a key milestone with today’s release, which establishes the safety and installation case for Lightbridge Fuel samples to be evaluated in INL’s Advanced Test Reactor. He would want to express his gratitude to the Lightbridge and Idaho National Lab teams for their combined efforts in completing this critical job under really unusual circumstances of a worldwide pandemic. He also shared his utmost gratitude to the Department of Energy and the GAIN program for their continuing support of Lightbridge’s advanced nuclear technology research.
