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Curio and Lightbridge Corporation Sign MOU to Explore Collaboration in the Nuclear Fuel Supply Chain
Curio’s TRUfuel Technology, Coupled with Lightbridge-Designed Metallic Fuel Rods, Can Power the Existing Fleet and the Next Generation of Nuclear Reactors
About this update from Lightbridge Corporation
[{"type":"text","content":"Curio’s TRUfuel Technology, Coupled with Lightbridge-Designed Metallic Fuel Rods, Can Power the Existing Fleet and the Next Generation of Nuclear Reactors\nWASHINGTON, July 20, 2022 (GLOBE NEWSWIRE) -- Curio today announced the signing of a Memorandum of Understanding (MOU) with Lightbridge Corporation (Nasdaq: LTBR) as an industry partner and potential off-taker of products produced through Curio’s TRUfuel™ technology. This collaboration is vital as both Curio and Lightbridge work to develop nuclear technologies that will be key to ushering in the second nuclear era for future generations. “Our collaboration with Lightbridge is an important step to ensuring there is an adequate fuel supply chain to maintain our current fleet of nuclear reactors and deploy the next generation of reactors,” said Edward McGinnis, Chief Executive Officer of Curio. “Curio’s TRUfuel is the fuel of the future, and we stand ready to help the U.S. reclaim global nuclear energy leadership.” Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, “We are excited to enter into this agreement with Curio as we explore future government funding opportunities relating to Curio’s TRUfuel technology and potential use of such transuranic material as feedstock material in Lightbridge-designed metallic fuel rods to power existing large reactors and coming small modular reactors. Lightbridge is well-aligned with support the U.S. government provides to develop advanced nuclear technologies that can help the existing large and small modular reactors, with two prior GAIN voucher awards from the Department of Energy. Together with Curio, we look forward to pursuing opportunities to further our respective technologies.” About CurioDedicated to solving the most pressing hurdles facing nuclear power, Curio™ is focused on commercializing the case for a closed fuel cycle with nuclear waste recycling and unleashing the full potential of the atom. From closing the cycle to the production of proliferation-hardened alternative fuels for our current fleet of reactors, advanced reactors, nuclear medicine, deep space applications and advanced batteries, Curio sees a bright future of global prosperity powered by the atom. Follow Curio on Twitter and LinkedIn. About Lightbridge CorporationLightbridge (NASDAQ: LTBR) is an advanced nuclear fuel technology ...