The following is a summary of the Lightbridge Corporation (LTBR) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Working capital at $26.4 million as of June 30, 2024, compared to $28.3 million at the end of 2023.

• Total assets were $28 million and total liabilities were $0.9 million as of June 30, 2024.

• Net loss of $2.4 million for the quarter, an increase from a net loss of $1.7 million for the same period last year.

• Total R&D expenditure planned to be approximately $8.3 million over the next 12 to 15 months.

Business Progress:

• Announced critical milestones in fuel development including collaborations with Idaho National Laboratory and RATEN ICN.

• Advanced nuclear fuel development is emphasized, featuring partnerships and engineering studies.

• Focus on securing regulatory approval for full commercial deployment of Lightbridge Fuel after demonstrating its operation in commercial reactors.

Opportunities:

• The ADVANCE Act aids in accelerating the deployment of advanced nuclear technology offering a streamlined review process for nuclear fuels.

• Expanding nuclear capacity globally, reflecting a growing demand which could potentially enhance market opportunities for Lightbridge Fuel.

Risks:

• No explicit risks detected

More details: Lightbridge IR

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