The following is a summary of the Lightbridge Corporation (LTBR) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Lightbridge reported a net loss of $2.7 million for Q3 2024, compared to a net loss of $1.8 million for Q3 2023.

• R&D expenses increased to $1.3 million for Q3 2024, up from $0.5 million in the same period last year, primarily due to increased project labor costs and outside expenses.

• The company's working capital was $25.9 million as of September 30, 2024, down from $28.3 million at the end of 2023.

• Cash and cash equivalents stood at $26.6 million at the end of September 2024, a decrease from $28.6 million at the end of December 2023.

Business Progress:

• Lightbridge is advancing its nuclear fuel technology, focusing on enhancing safety, efficiency, and cost-effectiveness.

• They are conducting fabrication process demonstrations at Idaho National Laboratory and working on fuel suitability studies for CANDU reactors with RATEN ICN.

• Lightbridge presented its achievements at the TopFuel 2024 Conference and continues to collaborate with academic institutions like MIT and Texas A&M University on nuclear fuel studies.

Opportunities:

• The push for greater use of nuclear energy, underscored by tech giants' investments and global forums like COP28, presents substantial opportunities for Lightbridge's advanced nuclear fuel technologies.

• Their technology's adaptability for next-generation nuclear reactors and small modular reactors corresponds with industry movements towards higher energy demands, particularly from AI data centers.

Risks:

• No explicit risks/opportunities detected.

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