Lightbridge Corp (NASDAQ: LTBR) is having an incredibly strong start to the trading session this morning, and for good reason. The company announced that it has been granted a key patent in a press release issued this morning. Of course, the news led to excitement surrounding the stock, which led to gains. Today, we’ll talk about the news, what we’re seeing from LTBR, and what we’ll be watching for ahead.
LTBR Gains On Patent News
As mentioned above, Lightbridge Corporation is having an incredibly strong start to the trading session in the pre-market hours this morning after announcing that it has been awarded key patents. According to the press release, the company has been awarded patents in both Europe and China that relate to their innovative metallic fuel design. These patents extend through the year 2034.
In the release, LTBR said that the newly issued patents cover multiple aspects of their designs. The first patent covers an alternative embodiment of a multi-lobe fuel rod design. There’s also a patent covering an all-metal pressurized water reactor fuel assembly design incorporating multi-lobe fuel rods on the alternative embodiment. Another patent covers an all-metal PWR fuel assembly design that incorporates multi-lobe fuel rods arranged into a mixed grid pattern. So, essentially, these new patents cover the all-metal fuel assembly design after the most recent optimization. In a statement, Seth Grae, President and CEO at LTBR, had the following to offer:
These latest patents are a critical step in solidifying our intellectual protection around the world as we gear up for commercialization through Enfission, our newly formed joint venture with Framatome. Our fuel is ideally suited for the European and Chinese markets, as it is designed to significantly enhance both the economics and safety of existing and planned nuclear reactors. With 181 operating nuclear power plants across Europe, and China poised to become the largest market for nuclear, these patents provide us a crucial and defensible foothold in each of these markets for years to come.”
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