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Lightbridge Receives Notice of Allowance from the Canadian Intellectual Property Office for a Fuel Assembly Design for CANDU Reactors
RESTON, Va., March 08, 2023 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel technology company, today announced that it
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[{"type":"text","content":"RESTON, Va., March 08, 2023 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel technology company, today announced that it has received a Notice of Allowance from the Canadian Intellectual Property Office for a key patent that covers a fuel assembly design for Canada Deuterium Uranium (CANDU) heavy water reactors with a mixed grid arrangement of Lightbridge metallic fuel rods. Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, “This is an important expansion of Lightbridge’s intellectual property around our fuel assembly design being utilized in CANDU reactors. CANDU-type reactors represent an important market for Lightbridge Fuel™. Our ongoing fuel development, including future testing and feasibility studies, will help prioritize commercial deployment to the types of reactors that can utilize Lightbridge Fuel the soonest and with the greatest commercial value.” About Lightbridge CorporationLightbridge Corporation (NASDAQ: LTBR) is focused on developing advanced nuclear fuel technology essential for delivering abundant, zero-emission, clean energy and providing energy security to the world. The Company is developing Lightbridge Fuel™, a proprietary next-generation nuclear fuel technology for existing light water reactors and pressurized heavy water reactors, significantly enhancing reactor safety, economics, and proliferation resistance. The Company is also developing Lightbridge Fuel for new Small Modular Reactors (SMRs) to bring the same benefits plus load-following with renewables on a zero-carbon electric grid. Lightbridge has secured a long-term strategic partnership with Idaho National Laboratory (INL), the United States’ lead nuclear energy research and development laboratory, in collaboration with the U.S. Department of Energy (DOE). DOE’s Gateway for Accelerated Innovation in Nuclear (GAIN) program has twice awarded Lightbridge to support the development of Lightbridge Fuel. An extensive worldwide patent portfolio backs Lightbridge’s innovative fuel technology. Lightbridge is included in the Russell Microcap® Index. For more information, please visit www.ltbridge.com. To receive Lightbridge Corporation updates via e-mail, subscribe at https://www.ltbridge.com/investors/news-events/email-alerts Lightbridge is on Twitter. Sign up to follow @LightbridgeC...