Lightbridge Provides Business Update and Announces Third Quarter Fiscal 2026 Financial Results
Key Highlights
- ➤DOE’s INL program selection creates an accelerated pathway toward Pilot Factory authorization
- ➤Cash and equivalents $236.7 million at September 30, 2026, up $34.8 million
- ➤Q3 net loss $8.3 million, or $0.23 per share, versus $4.1 million
- ➤Q3 R&D expense $5.3 million, up from $2.0 million year over year
- ➤Lightbridge sold 4.3 million ATM shares for $48.9 million net proceeds
Expert Statements
Seth Grae, Chairman and Chief Executive Officer of Lightbridge
“Selection for the Launch Pad INL program can help to accelerate our commercialization plan.”
Seth Grae, Chairman and Chief Executive Officer of Lightbridge
“Rather than waiting for a commercial fuel factory to be licensed before we could manufacture lead test assemblies, we now have a pathway toward DOE authorization for a dedicated Pilot Factory at INL, and we are negotiating the agreements and project scope with NRIC and INL.”
Seth Grae, Chairman and Chief Executive Officer of Lightbridge
“In parallel, the loop irradiation agreement we signed in August will enable irradiation testing of the clad Lightbridge Fuel rodlets in the ATR under the conditions similar to those in commercial pressurized water reactors.”
Seth Grae, Chairman and Chief Executive Officer of Lightbridge
“We believe the loop irradiation will allow us to go from the ATR directly to lead test assemblies in commercial nuclear power plants, rather than first deploying segments of fuel rods and lead test rods in commercial reactors.”
Seth Grae, Chairman and Chief Executive Officer of Lightbridge
“Our path to acceleration comes at a pivotal moment for the nuclear sector, as major technology companies and utilities increasingly turn to nuclear energy to meet surging baseload power demand from AI, data centers, and industrial electrification.”
Seth Grae, Chairman and Chief Executive Officer of Lightbridge
“This requires getting substantially more power and higher capacity factors out of the existing nuclear fleet, alongside new builds.”
Seth Grae, Chairman and Chief Executive Officer of Lightbridge
“Utilities consistently tell us they want three things from an advanced fuel: longer operating cycles between refuelings, power uprates of 10% to 20% from the same plant footprint and operating license, and inherent safety margins that reduce capital and operating costs.”
Seth Grae, Chairman and Chief Executive Officer of Lightbridge
“Lightbridge Fuel is engineered specifically to meet those requirements.”
RESTON, Va., Nov. 02, 2026 (GLOBE NEWSWIRE) -- Lightbridge Corporation (“Lightbridge” or the “Company”) (Nasdaq: LTBR), a nuclear fuel technology company developing Lightbridge Fuel™ to produce more power from existing and new reactors, today reported financial results for the third quarter and nine months ended September 30, 2026, and provided an update on its fuel development activities.
Third Quarter 2026 and Recent Business Highlights * Lightbridge was selected for the DOE Nuclear Energy Launch Pad INL program. In August 2026, Lightbridge was selected to participate in the program, which is administered by DOE's National Reactor Innovation Center (NRIC) at Idaho National Laboratory (INL). Selection provides an accelerated pathway toward DOE authorization for the Company to design, build, and operate the Lightbridge Fuel™ Pilot Factory (Pilot Factory), which the Company also refers to as SHED, at INL to manufacture lead test assemblies (LTAs) of Lightbridge Fuel™ for demonstration in U.S. commercial power reactors. The Company is negotiating the applicable agreements and project scope with NRIC and INL. Authorization to construct and operate the Pilot Factory remains subject to additional DOE/INL agreements, reviews, and authorizations.
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