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Stock impact report

Lightbridge Provides Business Update and Announces Third Quarter 2024 Financial Results [Yahoo! Finance]

Lightbridge Corporation (LTBR) 
US:NASDAQ Investor Relations: ir.ltbridge.com
Company Research Source: Yahoo! Finance
its financial results for the third quarter ended September 30, 2024, and provided an update on the Company's continued progress. Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, "The surge in demand for clean energy from major tech companies, especially as they shift towards data centers with AI chips, is driving significant investment into the nuclear power industry. These companies are increasingly funding strategic nuclear energy projects that may help them reach their zero-emission climate goals.” “At Lightbridge, we are proud to be developing advanced nuclear fuel that enhances safety and improves the efficiency of existing reactors and the new water-cooled reactors being developed. Our fuel technology has the potential to increase power output, extend the operating cycle length, dispose of plutonium stockpiles, and be used in both current and next-generation smaller reactors. We are working with Idaho National Laboratory (INL) under a St Show less Read more
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