Financial Data and Key Metrics Changes - As of March 31, 2020, the company had $16.3 million in cash and cash equivalents, down from $17.9 million on December 31, 2019, representing a decrease of $1.6 million in Q1 2020 [31] - The net loss for Q1 2020 was $2.3 million compared to $3.1 million for Q1 2019, indicating an improvement in financial performance [39] - Total cash used in operating activities for Q1 2020 was $2 million, an increase from $1.5 million in Q1 2019, primarily due to employee compensation and professional fees [32] Business Line Data and Key Metrics Changes - Total corporate R&D costs amounted to $0.4 million in Q1 2020, down from $0.9 million in Q1 2019, reflecting a decrease in R&D activities with Framatome and Enfission [36] - General and administrative (G&A) expenses for Q1 2020 were $1.9 million, up from $1.3 million in Q1 2019, driven by increased professional fees and severance payments due to layoffs [37] Market Data and Key Metrics Changes - The average annual fuel spent per light water reactor is approximately $50 million, creating an addressable market of $21 billion at current capacity with 419 reactors operating worldwide [22] Company Strategy and Development Direction - The company aims to leverage its partnership with the U.S. Department of Energy (DOE) to advance its metallic fuel technology and align with the Nuclear Fuel Working Group's recommendations [19][55] - Lightbridge is exploring opportunities in the CANDU reactor market, which could provide economic benefits and improved safety [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future of nuclear energy, highlighting bipartisan support for nuclear power and the potential for advanced nuclear technologies to regain U.S. leadership in the sector [16][19] - The company is focused on preserving its cash runway to the end of 2021 while seeking additional funding opportunities and strategic alliances to support its R&D efforts [30] Other Important Information - The company has implemented significant budget cuts, including a 50% reduction in employee headcount, to navigate the challenges posed by COVID-19 [28] - A new employee stock purchase plan (ESPP) has been adopted to facilitate ownership of Lightbridge stock among eligible employees [40] Q&A Session Summary Question: Has Lightbridge applied for a PPP loan? - The company considered it but decided not to apply, believing its cash reserves are sufficient to last through the end of 2021 [45] Question: Have you considered selling and/or leasing patent rights to fund Lightbridge beyond December 2021? - Currently, the company is not pursuing this but is exploring opportunities related to CANDU reactors and other non-dilutive funding options [46] Question: Will Lightbridge Fuel be tested at TREAT or ORNL as part of the current GAIN Voucher? - The company expects to evaluate opportunities for testing at TREAT and ORNL in the future, but this work is outside the scope of the current GAIN Voucher [49] Question: What led to being awarded the GAIN Voucher? - The application emphasized technical merits, energy generation economics, enhanced safety, and engagement with leading U.S. utilities [50][51] Question: What pivotal milestones are expected in the next three to five years? - The company is focused on meeting the needs of existing large reactors and exploring opportunities in small modular reactors, with government support being crucial for success [53][54] Question: When must Lightbridge provide the metallic fuel material samples for the advanced test reactor? - The goal is to have the samples available for insertion into the ATR by late 2021, subject to various factors [59] Question: Are there similar CRADA projects Lightbridge is interested in? - The company plans to procure HALEU material and fabricate samples for the ATR experiment, with ongoing interest in various testing facilities [62] Question: Would Lightbridge entertain funding opportunities from utilities? - Yes, the company is open to funding opportunities from utilities while protecting its intellectual property rights [63]

10-Q 1 ltbr_10q.htm FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2020 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-34487 LIGHTBRIDGE CORPORATION (Exact name of registrant as specified in ...

Lightbridge Corp (NASDAQ:LTBR) Q4 2019 Earnings Conference Call March 18, 2020 4:00 PM ET Company Participants Matthew Abenante - IR, Porter, LeVay & Rose Seth Grae - President, CEO & Executive Director Andrey Mushakov - EVP, Nuclear Operations Lawrence Goldman - CFO Barbara Kanakry - Controller James Malone - SVP & Chief Nuclear Fuel Development Officer James Fornof - VP, Government Program Management Conference Call Participants Operator Thank you for standing by, and welcome to the Lightbridge Corporati ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-34487 LIGHTBRIDGE CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Nevada 91-1975651 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2019 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ (Address of principal executive of ices, Zip Code) (571) 730-1200 (Registrant's telephone number, including area code) Commis ...

Lightbridge Corporation (NASDAQ:LTBR) Q2 2019 Results Earnings Conference Call August 8, 2019 3:00 AM ET Company Participants David Waldman - Crescendo Communications, LLC, President & CEO Seth Grae - President, CEO Lawrence Goldman - CFO Andrey Mushakov - EVP of Nuclear Operations Barbara Kanakry - Controller James Fornof - VP of Government Program Management James Malone - Senior VP & Chief Nuclear Fuel Development Officer Conference Call Participants Aref Adibi - Adibi Realty Operator Greetings ladies an ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2019 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-34487 LIGHTBRIDGE CORPORATION (Exact name of registrant as specified in its charter) Nevada 91-1975651 ...

Call Start: 11:00 January 1, 0000 11:57 AM ET Lightbridge Corporation (NASDAQ:LTBR) Q1 2019 Earnings Conference Call May 10, 2019, 11:00 am ET Company Participants David Waldman - IR Seth Grae - CEO Larry Goldman - CFO Jim Malone - SVP & Chief Nuclear Fuel Development Officer Andrey Mushakov - EVP, Nuclear Operations Jim Fornof - VP, Government Program Management Conference Call Participants Mike Hoffman - Stifel Tom DeHudy - Brandywine Global Robert McKim - Private Investor Alex Adibi - Adibi Realty Operat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2019 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-34487 LIGHTBRIDGE CORPORATION (Exact name of registrant as specified in its charter) Nevada 91-197565 ...

Lightbridge Corporation (NASDAQ:LTBR) Q4 2018 Results Conference Call March 29, 2019 11:00 AM ET Company Participants David Waldman - IR, Crescendo Communications Seth Grae - CEO Larry Goldman - CFO Jim Malone - SVP and Chief Nuclear Fuel Development Officer Andrey Mushakov - EVP, Nuclear Operations Jim Fornof - VP, Government Program Management Barbara Kanakry - Controller Conference Call Participants James Anderson - Private Investor Operator Greetings, and welcome to the Lightbridge 2018 Fourth Quarter E ...