ltbLightbridge Corp (NASDAQ: LTBR) is having an overwhelmingly strong start to the trading session this morning, and for good reason. The company announced that it has been issued a new patent, strengthening its intellectual property portfolio and causing excitement among investors. Today, we’ll talk about the news, what we’re seeing from LTBR, and what we’ll be watching for ahead.
LTBR Announces Patent Approval
As mentioned above, Lightbridge is having an incredibly strong start to the trading session this morning after the company announced that it has been issued a new patent. In a press release issued early this morning, the company announced that it has received notice of allowance for a divisional patent in Japan. In the release, LTBR said that the patent is related to the manufacturing of its metallic nuclear fuel design.
LTBR designed its fuel to improve operating economics as well as safety in both existing and new nuclear power plants. This patent news is great news as it adds further strength to the company’s IP protection. In fact, this adds Japan to a list including the United States, Europe, China, Korea, Canada, Eurasia, and Australia of countries in which the company has protection for its intellectual property. In a statement, Seth Grae, President and CEO at Lightbridge, had the following to offer:
The news from Japan is another positive development as we progress towards commercialization of our cutting-edge fuel. The promise of producing safer and more economical carbon-free power with lightbridge fuel would support Japan’s nuclear plant restart efforts, reducing the need to import expensive fossil fuels to the island nation and cut greenhouse gas emissions.
What We’re Seeing From The Stock
As investors, one of the first lessons that we learn is that the news moves the market. In this particular case, the news proved to be overwhelmingly positive. After all, a patent in Japan represents a stronger IP portfolio and a strong commercialization opportunity. So, it’s no surprise to see that LIghtbridge is making a run for the top in the market today. Currently (9:13), LTBR is trading at $1.58 per share after a gain of $0.10 per share or 6.76% thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on LTBR. In particular, we’re interested in following the story surrounding the company’s continued growth in IP protection as well as their continued work to commercialize their revolutionary technology. Nonetheless, we’ll keep following the story closely and bringing the news to you as it breaks!
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