LTBR — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-11-04

• The long-term milestones marking progress towards development and commercialization of nuclear fuel assemblies include, among other matters:

• irradiating nuclear material samples and prototype partial-length fuel rods with enriched uranium in test reactors;

• conducting post-irradiation examination of irradiated material samples and/or prototype partial-length fuel rods;

• performing advanced computer modeling and simulations to support fuel qualification;

• entering into one or more lead test rod/assembly agreements with host reactors;

Text removed vs the prior filing · source: 10-Q · 2026-08-06

• The long-term milestones marking progress towards development and commercialization of nuclear fuel assemblies include, among other matters, irradiating nuclear material samples and prototype fuel rods with enriched uranium in test reactors, conducting post-irradiation examination of irradiated mate…

• Development of a Pilot-Scale Facility and Future Lightbridge Expandable Fuel Facility

• The Company is evaluating a potential site location and developing a conceptual design for a Lightbridge Expandable Fuel Facility (LEFF) to support the possible future fabrication of Lightbridge Fuel™ for use in commercial reactors. The Company also continually evaluates a variety of strategic oppor…

• In connection with these efforts, the Company may decide, from time to time, to apply to programs available through various governmental agencies that offer funding, regulatory flexibility, or other support related to the advancement of its nuclear fuel technology. Such programs may require signific…

• The construction of a pilot-scale facility could commence as early as 2027, subject to various factors, including those described below. This initiative would represent a significant potential expansion of the Company’s operations beyond its current R&D activities. While the scope, timing, and cost …

Text added vs the prior filing · source: 10-Q · 2026-11-04

• The development and construction of the Pilot Factory will require substantial capital expenditures, and our current estimates of the cost, timing and scope of the project may change materially.

• In connection with our participation in the U.S. Department of Energy’s (DOE) Nuclear Energy Launch Pad program, we intend to develop and construct our planned Lightbridge Fuel Pilot Factory (Pilot Factory) at Idaho National Laboratory (INL). Based on preliminary estimates, we currently expect the d…

• The actual cost, timing and scope of the Pilot Factory may differ materially from our current expectations as engineering, design, procurement and construction planning activities progress. Factors that could increase costs or delay completion include changes in project scope or design, increases in…

• The Pilot Factory requires DOE authorization, INL site access arrangements, safety and environmental approvals, availability of nuclear material/high-assay low-enriched uranium (HALEU), facility design approval, procurement and qualified nuclear personnel. As of September 30, 2026, we had not entere…

• Although we currently expect to fund anticipated Pilot Factory expenditures from our existing cash and financial resources and, as appropriate, proceeds from equity financings, including our at-the-market offering program, our available resources must also support our other research and development,…

Text added vs the prior filing · source: 10-Q · 2026-11-04

• The adoption or termination of contracts, instructions or written plans for the purchase or sale of our securities by our Section 16 officers and directors for the three months ended September 30, 2026, each of which is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under t…

• Andrey Mushakov, Executive Vice President & Chief Operating Officer, entered into a Rule 10b5-1 Plan on September 28, 2026. Mr. Mushakov’s plan provides for the sale, subject to certain price limits, of up to 108,626 shares of the Company’s common stock in the aggregate, which includes 58,200 shares…

• Mark Tobin, Director, entered into a Rule 10b5-1 Plan on September 29, 2026. Mr. Tobin’s plan provides for the sale, either at market price or subject to certain price limits, of up to 20,314 shares of the Company’s common stock in the aggregate, which includes 10,314 shares subject to future vestin…

• For the three months ended September 30, 2026, no other director or officer of the Company adopted, modified or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

Text removed vs the prior filing · source: 10-Q · 2026-08-06

• On April 1, 2026, Mark Tobin, Director, terminated a previously existing trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act. The plan, which was adopted on September 30, 2025, provided for the sale at market price of up to 15,000 shares of the C…