LTBR News & Events

Lightbridge announced that the first batch of its fuel material samples undergoing irradiation at the Idaho National Laboratory's, or INL, advanced test reactor, or ATR, have been successfully removed and will now be cooled down over the next several months in preparation for post-irradiation examination, which is expected to begin later this year. The samples were removed on May 6 with Lightbridge's full-time fuel engineering team and senior management on site at INL for the milestone.

Lightbridge participated in the White House launch of the Utility Power Reactor Incremental Scaling Effort, UPRISE, a federal initiative to expand U.S. nuclear capacity by maximizing output from the existing reactor fleet. The Company was represented by Chairman and Chief Executive Officer Seth Grae at the event held at the Eisenhower Executive Office Building in the White House complex in Washington, D.C. "UPRISE recognizes a straightforward reality: the fastest and most cost-effective megawatts we can add to the grid are the ones we draw from reactors already operating today," said Seth Grae, Chairman and Chief Executive Officer of Lightbridge. "Lightbridge Fuel is being designed to deliver the greatest power uprates available to the existing pressurized water reactor fleet, and we were proud to take part in the launch of an initiative aimed squarely at that opportunity."

Lightbridge and Studsvik Scandpower have entered into a partnership to develop an extension of the Studsvik CMS5 Core Management Suite to model the new Lightbridge Fuel design. Together, Lightbridge and Studsvik will provide the commercial nuclear sector with a software package for light water reactors that is fully supported by the Studsvik software already adopted by customers around the world.