Lightbridge Corporation and Quadrant Nuclear Industries Announce Memorandum of Understanding to Advance Domestic HALEU Fuel Supply

About this update from Lightbridge Corporation

Companies to explore long-term HALEU supply arrangements supporting the commercialization of next-generation nuclear fuel technologies RESTON, Va. and BOSTON, July 27, 2026 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq: LTBR), a leader in advanced nuclear fuel technology, and Quadrant Nuclear Industries Inc. (QNI), a developer of integrated nuclear fuel cycle capabilities, today announced they have entered into a memorandum of understanding (MoU) to establish a framework for collaboration on the long-term supply of high-assay low-enriched uranium (HALEU) fuel. The MoU reflects a shared commitment to strengthening the domestic nuclear fuel supply chain, advancing next-generation nuclear technologies, and supporting U.S. energy security and decarbonization objectives. Under the agreement, Lightbridge and QNI will engage in discussions regarding the potential supply and long-term offtake of HALEU produced at QNI's planned Vanguard facility at Idaho National Laboratory. "We are pleased to establish this Memorandum of Understanding with QNI as we continue advancing the commercialization of Lightbridge Fuel™," said Seth Grae, Chairman and CEO of Lightbridge Corporation. "As we progress in the development and regulatory licensing of Lightbridge Fuel™, it is critical that we begin solidifying a reliable domestic supply of HALEU. We look forward to working with QNI to explore opportunities that support our long-term fuel requirements and contribute to a more secure U.S. nuclear fuel supply chain." "Developing a secure, U.S.-based source of HALEU is essential to enabling the next generation of nuclear energy," said Dee Mewbourne, CEO of QNI. "Our cooperation with Lightbridge reflects the growing alignment between advanced fuel innovation and domestic fuel production. Through this collaboration, we aim to establish a framework for a long-term offtake arrangement that supports commercialization of Lightbridge's advanced fuel technology while strengthening the domestic nuclear fuel ecosystem." QNI is developing an integrated HALEU production capability in coordination with the U.S. Department of Energy and other key stakeholders. Its planned Vanguard facility at Idaho National Laboratory is designed to produce up to eighteen metric tons of HALEU annually at full capacity, supporting both commercial and government markets for advanced nuclear reactors. The compan...

View stock analysis, news, and events for Lightbridge Corporation