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Lightbridge Receives Notice of Allowance on New Patent from the Canadian Intellectual Property Office
RESTON, Va., March 17, 2026 (GLOBE NEWSWIRE) -- Lightbridge Corporation (“Lightbridge” or the “Company”) (Nasdaq: LTBR), an advanced nuclear fuel technology
About this update from Lightbridge Corporation
[{"type":"text","content":"RESTON, Va., March 17, 2026 (GLOBE NEWSWIRE) -- Lightbridge Corporation (“Lightbridge” or the “Company”) (Nasdaq: LTBR), an advanced nuclear fuel technology company, an advanced nuclear fuel technology company, today announced that it has received a Notice of Allowance from the Canadian Intellectual Property Office (“CIPO”) for its nuclear fuel assembly design. Specifically, Canadian Patent Application No. 2,960,383, titled “Fuel Assembly,” covers 48 claims directed to fuel assemblies comprising helically twisted fuel elements arranged into a mixed grid pattern, as well as nuclear reactors incorporating such fuel assemblies. The allowed claims, stemming from an application originally filed in September 2015, describe fuel assemblies comprising a plurality of helically twisted fuel elements supported by a frame in a fuel rod bundle and arranged in a mixed grid pattern that includes both rectangular and triangular grid configurations. Through a Request for Continued Examination, Lightbridge secured broader claims covering fuel assemblies with mixed grid patterns without specifying the particular shapes of those patterns, consistent with the Company’s approach in related applications in other jurisdictions. The patent is particularly relevant to pressurized heavy water reactors, including Canada’s CANDU reactor fleet. Seth Grae, President and Chief Executive Officer of Lightbridge Corporation, commented, “This Notice of Allowance strengthens our intellectual property portfolio in Canada, a country with deep nuclear expertise and a fleet of CANDU reactors that could benefit from our innovative fuel technology. Canada’s ongoing investments in life extensions for its existing CANDU reactors, as well as its growing interest in small modular reactors, make this an important potential market for Lightbridge Fuel™.” About Lightbridge Corporation Lightbridge Corporation (NASDAQ: LTBR) is focused on developing advanced nuclear fuel technology essential to 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 and pressurized heavy-water reactors, significantly enhancing reactor safety, economics, and proliferation resistance. The Company is also developing Lightbridge Fuel for new ...