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      Lightbridge Corporation (LTBR) stock is falling down to 6.16% – Let’s see why? - Stocks Telegraph

      By Mahrukh Rehan

      Published on

      November 22, 2021

      9:15 AM UTC

      Lightbridge Corporation (LTBR) stock is falling down to 6.16% – Let’s see why? - Stocks Telegraph

      Lightbridge Corporation (LTBR) saw a downfall of 6.16% in the pre-market. However, the last trading session concluded at $10.23 with a decrease of 4.3%.

      Notice of Allowance – Key updates by LTBR

      LTBR reported on 9th November 2021 that the company received notice of allowance for key patents in the United States for PWR Fuel Assembly Design. The newly granted patent expands the Company’s claims directed to a fuel assembly. In this, the cladding at the tip of at least one spiral rib of at least one fuel rod is thinner than the cladding at other tips of the same fuel rod. Moreover, it is based on a patent application filed in 2014 under the Patent Cooperation Treaty (PCT).

      This substitute embodiment allows Lightbridge’s metallic fuel rods to be retrofitted into an existing fuel assembly envelope of both existing and new-build reactors. This dramatically improves skills and boosts their appeal to nuclear utilities.

      Now what?

      LTBR is pleased to add this newest Notice of Allowance to the expanding trade property portfolio. This supports the ambition to commercialize Lightbridge Fuel in the United States. In the United States, all commercial PWR reactor fuel assemblies are square.  The company is constantly adding new intellectual property around all elements of fuel. This includes technological developments, adjustments for different reactor types, production process advancements. These elements will result in the recent award of additional patents from the United States, Canada, Japan, and Australia.

      Third Quarter 2021 Results by LTBR – What are the updates?

      LTBR reported third-quarter 2021 results on 8th November 2021. The company reported that the cash and cash equivalents were $16.1 million, with total assets of $16.6 million and total liabilities of $1.1 million. Moreover, the working capital was $15.4 million, compared to $17.1 million on December 31, 2020. The drop in working capital of $1.7 million was mostly due to the issue mentioned above in the cash flow summary.

      Furthermore, the general and administrative expenditures dropped by about $1.1 million. The fall in professional expenses was principally attributable to a decrease in legal and professional fees related to the Framatome arbitration. This totaled $1.4 million. Employee pay increased by roughly $0.3 million, principally owing to an increase in the bonus accrual for 2021.

      So what?

      On a corporate level, LTBR increased the size of the Board of Directors to seven members. Not only this, but they established a new board committee to oversee and guide environmental, social, and governance (ESG) issues. This is a key component of the long-term performance plan.

      Also, nuclear power accounts for a substantial portion of clean energy internationally, and the company anticipates that as ESG standards become more standardized throughout the world, the industry will continue to draw more attention from socially aware investors.

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