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NetworkNewsBreaks – Lightbridge (NASDAQ: LTBR) Welcomes Renewal of U.S.-Norway 123 Agreement on Commercial Nuclear Energy

Company: Lightbridge Corporation (LTBR)
Category: Stock Spotlights

The U.S. government recently approved the renewal of a commercial nuclear energy agreement with Norway, a move welcomed by nuclear fuel technology company Lightbridge Corporation (NASDAQ: LTBR). The 123 Agreement legislation was signed in December 2016, following overwhelmingly positive votes by Congress. The legislation also paves the way for Lightbridge to continue research and testing of its metallic nuclear fuel at Norway’s 20 MW Halden research reactor. The innovative, next-generation fuel, made with U.S.-enriched uranium, promises improved safety and economics for nuclear plants, a fact also recognized by the Norwegian Radiation Protection Authority in January this year. On a broader scale, Lightbridge is focused on developing and commercializing technology that will significantly improve the economics and safety of existing and new reactors, with a meaningful impact on preventing climate change.

To learn more, visit: www.ltbridge.com

About Lightbridge Corporation

Lightbridge is a nuclear fuel technology company based in Reston, Virginia, USA. The Company develops proprietary next generation nuclear fuel technologies for current and future reactors. The technology significantly enhances the economics and safety of nuclear power, operating about 1000° C cooler than standard fuel. Lightbridge invented, patented and has independently validated the technology, including successful demonstration of the fuel in a research reactor with near-term plans to demonstrate the fuel under commercial reactor conditions. The Company has assembled a world class development team including veterans of leading global fuel manufacturers. Four large electric utilities that generate about half the nuclear power in the US already advise Lightbridge on fuel development and deployment. The Company operates under a licensing and royalty model, independently validated and based on the increased power generated by Lightbridge-designed fuel and high ROI for operators of existing and new reactors. The economic benefits are further enhanced by anticipated carbon credits available under the Clean Power Plan. Lightbridge also provides comprehensive advisory services for established and emerging nuclear programs based on a philosophy of transparency, non-proliferation, safety and operational excellence.

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