Lightbridge Corporation · NASDAQ:LTBR
Lightbridge — Thorium Power — Pacific Growth Equities Clean Technology & Industrial Growth Conference (November 2007)
20 slides from Lightbridge's conference presentation, Nov 7, 2007
Slide 1: Thorium Power
Thorium Power “Peaceful Nuclear Energy with Low Waste and Improved Industry Economics” Pacific Growth Equities Clean Technology & Industrial Growth Conference OTCBB: THPW
Slide 2: Safe Harbor Statement
Safe Harbor Statement atl This presentation may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21€ of the Securities Exchange Act of 1934. These forward-looking s
Slide 3: Investment Highlights
Investment Highlights ati * Resurgence of global interest in nuclear power; several underserved market segments * Thorium is a superior fuel source utilized in the company's unique technology * Proven technology with clear path to commercialization * Compelling licensing/partnering strategy with str
Slide 4: About Thorium Power
About Thorium Power ti * Thorium Power is the leading developer of thorium-based proliferation resistant nuclear fuel technology * Technology consists of fuel designs addressing the key concerns in the nuclear power industry, including nuclear proliferation and waste * Technology supports expansion
Slide 5: What is Thorium?
What is Thorium? a * Naturally-occurring, slightly radioactive metal - #90 in periodic table of Elements * Estimated to be over three times more abundant in the Earth's crust than all forms of uranium combined — Large deposits in the US, India, Australia, Norway and many other countries * Thorium-ba
Slide 6: Founded by Industry Leader
Founded by Industry Leader | lil * Thorium Power was founded in by Dr. Alvin Radkowsky ~ First Chief Scientist U.S. Naval Nuclear Program = Team leader of first commercial nuclear power plant in the U.S. ~ Designer of more nuclear reactors and fuels than anyone in history * Thorium Power formed in 1
Slide 7: Thorium Power Advantage
Thorium Power Advantage Proliferation + No weapons usable materials produced resistance + Reduction of political risk Waste volume and storage time reduction + Dramatic waste reduction: - 70% weight; - 50% vol + 90% reduction of waste radio-toxicity ReCeeei * 10-20+% fuel cycle saving vs conventiona
Slide 8: Addressable Markets
Addressable Markets al * Thorium Power's target markets include several hundred light water nuclear reactors operating worldwide and over a hundred more reactors that could be built over the next 20-30. years * Underserved markets include: — Markets with political challenges related to conventional
Slide 9: Proven Technology
Proven Technology li * Engineering & development phase: — Technology has undergone extensive scientific development and evaluation - Already in research reactor use for over 4 years - Reviewed and favorably evaluated by Westinghouse and IAEA * Technology scale-up and testing phase: — Off-shore devel
Slide 10: Multi-Pronged Business Model
Multi-Pronged Business Model ats Thorium Power is currently managing a portfolio of market and partner leads, limiting the risk of individual projects *Short term: Advisory and strategic consulting services to foreign governments and nuclear power companies Participation in government programs for n
Slide 11: Licensing Strategy
Licensing Strategy ll * Strong intellectual property protections in place - core technology protected by international patents * Recurring licensing fees with low-cost, highly leverageable business model * Thorium Power plans to license its technologies to current fuel fabricators targeting existing
Slide 12: Near-Term Goals
Near-Term Goals li + Further Strengthening of Corporate Capabllities (2007-2008) - Additional strategic and financial relationships = Thorium-focused US. legislation, and government support benefiting the company = Expansion of Intellectual Property * Completion of Technology Milestones Towards Fuel
Slide 13: Near-Term Goals (cont.)
Near-Term Goals (cont.) al * Closing of Business Agreements With Future Reactor Operators and Industry Partners (2007-08) - Commercial arrangements with: * Future operators of thorium based reactors + Fuel fabricators + Future participants in consortia for new reactors — Seek revenue from advisory a
Slide 14: Investment Highlights
Investment Highlights ll * Resurgence of global interest in nuclear power; several underserved market segments * Thorium is a superior fuel source utilized in the company's unique technology * Proven technology with clear path to commercialization * Compelling licensing/partnering strategy with stro
Slide 15: Appendix
APPENDIX 15 OTCBB: THPW
Slide 16: "Nuclear Renaissance"
“Nuclear Renaissance” ll * Desire to reduce dependence on oil and other fossil fuels + Mandates to lower CO, emissions * Economic and commercial advantages of nuclear power: — immaturity and cost of renewable/altemative energy ~_ Strong operating performance of nuclear power plants * “Nuclear renais
Slide 17: Third-Party Validation
Third-Party Validation li “Its Westinghouse's opinion that proceeding to the LTA stage is prudent. From the review that we have performed to date, it appears the [Thorium Power] technology is welll founded ‘and has a good prospect for success based on our previous US experience and Russian experienc
Slide 18: Balance Sheet Highlights
Balance Sheet Highlights = As of September 30, 2007 Cash and cash equivalents $ 6,470,292 Total Current Assets $ 6,557,722 Total Assets $ 6,792,723 Total Current Liabilities $ 527,101 Total Liabilities $ 534,005 Total Liabilities and Shareholders Equity $ 6,792,723 Clean capital structure and no lon
Slide 19: Experienced Mgmt & Board
Experienced Mgmt & Board at Senior Management Seth Grae - President, Chief Executive Officer, and Member of the Board of Directors Erk Héllsttém - Chief Operating Officer James D. Guerra - Chief Financial Officer and Treasurer Andrey Mushakov - Executive Vice President - International Nuclear Operat
Slide 20: Advisory Boards
Advisory Boards li International Advisory Board Victor L. L. Chu Tidu Maini, BSc, ACGI, DIC, PhD George D. Crowley, Jr. (Co-Chairman) simon Murray, CBE Susan Eisenhower Daniel 8. Poneman Sir Ronald Grierson (Co-Chairman) Charles W. Pryor Jr. Rt. Hon Michael Howard, @C MP Etnest Steiner Nancy "Nana"