Slide 1: Safe Harbor Statement
Safe Harbor Statement With the exception of historical matters, the matters discussed in this presentation are forward -looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s competitive position, the timing of demo
Slide 2: Developing a way to impact the world's climate and energy problems
At Lightbridge we are developing a way to impact the world's climate and energy problems soon enough to make a difference.
Slide 3: New fuel that works in existing and new reactors
New fuel that works in existing and new reactors: improving their economics through power uprates, longer fuel cycles, and carbon credits while adding additional non-emitting baseload electricity with dramatically improved reactor safety.
Slide 4: Team of nuclear engineers, regulatory experts and partners
Lightbridge has assembled a team of world-class nuclear engineers, nuclear \ regulatory experts, and policy experts. We invented and patented the fuel designs, and we invented and designed the manufacturing methods that we hold as trade secrets and will patent. Fuel Developm SM cssatinnnnocienr Fim
Slide 5: Renewables and new reactors will not scale soon enough
Renewable energy and new types of reactors will not be developed at large enough scale soon enough to meet the world’s growing energy needs and climate goals. Increasing global energy supply while reducing carbon dioxide emissions can only be achieved with growth in nuclear power as part of the ener
Slide 6: Increasing world energy needs
Increasing world energy needs World Population 0 alll 1950 1960 m2000 m2040 m2050 Billions People Bo o & Energy Consumption 1000 300 600 Quadrilion BTU 2012 m2040 Current annual energy for all purposes consumed globally is the energy equivalent to burning 3.7 cubic miles of oil — Approx. 1.3 cubic m
Slide 7: Energy equivalent of one cubic mile of oil
Energy equivalent of one cubic mile of oil* r Ty, ° Solar Roofs: 4.2 billion = 250k roofs per day for 50 years = 2.1 kW with 20% availability * Solar CSP: 7700 solar parks = 3 per week for 50 years = 900 MW with 25% availability ° Windmills: 3 million “To replace coal with wind worldwide would = 120
Slide 8: Nuclear power R&D programs in the USA
Nuclear power R&D programs in the USA Continuing operation of existing reactors New types of reactors will not and additional reactors of similar types commercial. on enough at will be needed, but their economics and large enough scale to achieve safety must be improved. climate change Lightbridge f
Slide 9: Safety by design
Safety by design
Slide 10: How we designed a fuel with enhanced safety
How we designed a fuel with enhanced safety Fabrication The three components of Lightbridge fuel (Cladding, Fuel Core, and Displacer) are metallurgically bonded during the fabrication process. This bonding improves fuel rod integrity and thermal conductivity and eliminates a source of fission produc
Slide 11: What happens when there is a loss of coolant accident
What happens when there is a loss of coolant accident (LOCA) 1 The graphs show the peak cladding temperature (PCT) at several points along the length of the fuel during the accident for both conventional uranium dioxide fuel and Lightbridge -designed metallic fuel operating at ~30% higher power dens
Slide 12: Cladding temperature vs time
‘800 Temperature, °C WER-1000 UO, fuel — 448 W/cm (13.6 kW/ft) Axial Node! ad — 5 tr ort 200 © 300 «400 Time, seconds
Slide 13: Cladding temperature comparison in loss of coolant accident
The uranium dioxide cladding heats up enough to allow for steam-zirconium reactions which can generate hydrogen gas. It takes ~ 8 minutes for the cladding temperature to decrease to the coolant water temperature. For the Lightbridge fuel, due to its low temperature and high thermal conductivity, the
Slide 14: How power uprate is achieved with same water temperature
How can the water temperature be the same as with standard fuel and the pumps’ power be the same yet result in a power uprate? Q= m[h(Tout) —A(Tin)] Thermal power (Q) = flow rate (rh) times the enthalpy (h) change in the coolant water through the core of the reactor Each Lightbridge self-spacing fue
Slide 15: Cost and carbon dioxide emissions of electricity generation
Cost and carbon dioxide emissions of electricity generation 150 Nuclear effectively competes with fossil fuels despite historic lows of oil and gas — without the pricing volatility or environmental impact of greenhouse gases. 100 LCOE in USA, 2020; _Wind Natural Gas (s/mwh) | ‘a 50 | Li hitbridg e L
Slide 16: Fuel designed with utility input improves economics and safety
By listening to the Nuclear Utility Fuel Advisory Board (NUFAB) and other nuclear utilities, we designed new fuel that is compatible with existing and new reactors. Lightbridge’s proprietary fuel addresses the two overarching issues confronting the nuclear industry: the fuel improves reactor economi
Slide 17: U.S. Clean Power Plan
U.S. Clean Power Plan (CPP) “The [US Environmental Protection Agency] EPA expects nuclear power to be a key partner in achieving the goals of the CPP. States can use new nuclear generation to help meet their Clean Power Plan goals. This includes new nuclear reactors that come on-line, including thos
Slide 18: Initial Target Market
1 Source: Siemens Industry Inc. Levelized Cost Model, December 2012 Initial Target Market :
Slide 19: Operating pressurized water reactors; royalty revenue projections
Operating pressurized water reactors of >900 MWe with >20 years licensed life at 2025 We are initially focusing on US Nuclear Regulatory Commission (NRC) approvals and deployment in large reactors in the US. NRC licensing will facilitate approvals in other countries. Lightbridge fuel can be used in
Slide 20: Nuclear Utility Fuel Advisory Board
Notes : 1. Annual royalty revenue includes an escalation factor of 3% per year to 2030 2. Wholesale electricity price of $55/MWh Nuclear Fuel Utility Advisory Board Formed in 2011 and expanded in 2012, the Nuclear Utility Fuel Advisory Board (NUFAB) is comprised of senior fuel managers from electric
Slide 21: Technology independently validated by industry organizations
Lightbridge technology has been independently validated by respected industry organizations
Slide 22: Initial manufacturing and testing completed; Norway testing in 2017
Lightbridge completed initial manufacturing and testing of its fuel in Russia, leading to planned testing under commercial reactor conditions in Norway in 2017
Slide 23: Manufacturing Lightbridge fuel
Manufacturing Lightbridge fuel Fuel manufacturers are attracted to Lightbridge fuel as it is a non-disruptor, working within the existing industry and regulatory framework. Lightbridge intends to enter into commercial arrangements with multiple fuel fabricating companies with limited exclusivity. Wo
Slide 24: Highlights of Lightbridge Corporation
Highlights of Lightbridge Corporation √ Developed and commercializing next generation nuclear fuel technology to meet energy and climate needs o Introduced new fuel design in 2010 with over $24M investment to date o Patented and independently validated metallic nuclear fuel o Completed initial manuf
Slide 25: Board, Management, Advisors, Audit and Legal
Board Management Advisors Audit and Legal * Victor Alessi « Jonathan Baggett * Hans Blix * Seth Grae * Seth Grae * Simon Murray | BDO ————— * Thomas Graham * Jon Johnson * Norton Shapiro * Kathleen Kennedy games Malone * Sam Vaidyanathan Townsend * Andrey Mushakov piDarielaerere * Aaron Totemeier *
Slide 26: Data Sources
Data Sources Slide 7, Increasing world energy needs http://www.census.gov/population/international/data/idb/worldpopgraph.php http://www.eia.gov/forecasts/ieo/pdf/0484(2016).pdf http://cmo-ripu.blogspot.com/2016/03/update-january-2016.html Slide 8, Energy equivalent of one cubic mile of oil http://c