Lightbridge Corporation and Oklo Inc. signed an MOU for feasibility studies on co-locating fuel fabrication facilities and nuclear waste recycling.
Quiver AI Summary
Lightbridge Corporation has signed a Memorandum of Understanding with Oklo Inc. to explore the feasibility of co-locating a commercial-scale Fuel Fabrication Facility at Oklo's proposed site. This collaboration aims to streamline capital expenditures and operating costs while enhancing opportunities for nuclear waste recycling. Both companies emphasize the strategic importance of their partnership in advancing clean energy solutions. Lightbridge focuses on developing advanced nuclear fuel technologies to improve reactor safety and efficiency, while Oklo is pursuing innovations in advanced nuclear power plants and fuel recycling. The partnership reflects a commitment to sustainable energy practices and innovation across the nuclear supply chain.
Potential Positives
- Lightbridge Corporation signed a Memorandum of Understanding (MOU) with Oklo Inc., indicating a commitment to collaborate in advanced nuclear fuel technology and recycling nuclear waste.
- The potential co-location of fuel fabrication facilities could lead to significant synergies in capital expenditures and operational costs, enhancing the company's economic efficiency.
- This collaboration aligns with Lightbridge's strategic focus on sustainable nuclear energy solutions, boosting its position in the clean energy sector.
- Lightbridge's innovative fuel technology development is supported by a robust patent portfolio, bolstering its competitive edge in the advanced nuclear market.
Potential Negatives
- The reliance on a Memorandum of Understanding (MOU) rather than a binding agreement may indicate uncertainty about the collaboration's future and effectiveness, raising concerns about the viability of their partnership.
- The press release highlights significant risks and uncertainties that could impede Lightbridge’s ability to commercialize its nuclear fuel technology, suggesting potential challenges in achieving operational success.
- Frequent mentions of "forward-looking statements" and associated risks in the release may raise skepticism among investors regarding the company's future performance and market position.
FAQ
What is the MOU signed between Lightbridge Corporation and Oklo Inc.?
The MOU outlines plans for a feasibility study on co-locating fuel fabrication facilities and recycling nuclear waste.
How does this collaboration impact clean energy solutions?
This collaboration aims to enhance clean energy through advanced nuclear technologies and cost-effective, carbon-free energy solutions.
What technologies are Lightbridge and Oklo focusing on?
They are focusing on advanced nuclear fuel technology and innovative recycling processes to improve energy sustainability.
What are the benefits of co-locating fabrication facilities?
Co-locating facilities could lead to significant synergies in capital expenditures and reduce ongoing operating costs.
How is Lightbridge contributing to energy security?
Lightbridge is developing next-generation nuclear fuel technology to provide abundant, zero-emission energy and enhance global energy security.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LTBR Insider Trading Activity
$LTBR insiders have traded $LTBR stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.
Here’s a breakdown of recent trading of $LTBR stock by insiders over the last 6 months:
- ANDREY MUSHAKOV (EVP, Nuclear Operations) has made 0 purchases and 2 sales selling 45,070 shares for an estimated $404,088.
- LARRY GOLDMAN (CFO) has made 0 purchases and 3 sales selling 39,823 shares for an estimated $325,689.
- MARK ROBERT TOBIN sold 4,000 shares for an estimated $25,880
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$LTBR Hedge Fund Activity
We have seen 18 institutional investors add shares of $LTBR stock to their portfolio, and 9 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VERITION FUND MANAGEMENT LLC added 102,884 shares (+inf%) to their portfolio in Q3 2024, for an estimated $288,075
- AWM INVESTMENT COMPANY, INC. added 100,000 shares (+inf%) to their portfolio in Q3 2024, for an estimated $280,000
- CITADEL ADVISORS LLC added 81,368 shares (+inf%) to their portfolio in Q3 2024, for an estimated $227,830
- TORTOISE INVESTMENT MANAGEMENT, LLC added 67,116 shares (+2110.6%) to their portfolio in Q3 2024, for an estimated $187,924
- JANE STREET GROUP, LLC removed 44,543 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $124,720
- SQUAREPOINT OPS LLC removed 23,498 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $65,794
- DIMENSIONAL FUND ADVISORS LP added 19,279 shares (+101.3%) to their portfolio in Q3 2024, for an estimated $53,981
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
RESTON, Va., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Lightbridge Corporation (“Lightbridge”) (Nasdaq: LTBR), an advanced nuclear fuel technology company, today announced the signing of a Memorandum of Understanding (“MOU”) with Oklo Inc. (NYSE: OKLO) (“Oklo”), an advanced nuclear power and fuel recycling company. The MOU outlines plans to conduct a feasibility study for co-locating a Lightbridge Commercial-scale Fuel Fabrication Facility at Oklo’s proposed commercial fuel fabrication facility and to explore opportunities for collaboration in recycling nuclear waste.
Seth Grae, President and CEO of Lightbridge, commented: "This collaboration with Oklo represents an important strategic step in shaping the future of clean energy. The potential co-location of our commercial fuel fabrication facilities could offer significant synergies in terms of upfront capital expenditures and ongoing operating costs. Furthermore, exploring advanced fuel recycling opportunities with Oklo aligns perfectly with our commitment to sustainable nuclear energy solutions."
Jacob DeWitte, Co-founder and CEO of Oklo added, "Collaborating with Lightbridge represents a unique opportunity to accelerate innovation across the nuclear supply chain. The potential to co-locate facilities and collaborate on cutting-edge technologies is aligned with our commitment to delivering cost-effective, carbon-free energy solutions. Together, we are exploring new frontiers in nuclear fuel development and recycling to ensure a cleaner and more sustainable energy future."
About Oklo Inc.
Oklo Inc. is developing advanced nuclear power plants to provide clean, reliable, and affordable energy at scale. Oklo received a site use permit from the U.S. Department of Energy, was awarded fuel material from Idaho National Laboratory, submitted the first advanced fission custom combined license application to the U.S. Nuclear Regulatory Commission, and is developing advanced fuel recycling technologies in collaboration with the U.S. Department of Energy and U.S. National Laboratories.
About Lightbridge Corporation
Lightbridge Corporation (NASDAQ: LTBR) is focused on developing advanced nuclear fuel technology essential for delivering abundant, zero-emission, clean energy and providing energy security to the world. Lightbridge is developing Lightbridge Fuel™, a proprietary next-generation nuclear fuel technology for existing light water reactors and pressurized heavy water reactors, significantly enhancing reactor safety, economics, and proliferation resistance. Lightbridge is also developing Lightbridge Fuel for new small modular reactors (SMRs) to bring the same benefits plus load-following with renewables on a zero-carbon electric grid.
Lightbridge has entered into two long-term framework agreements with Battelle Energy Alliance LLC, the United States Department of Energy’s operating contractor for Idaho National Laboratory, the United States' lead nuclear energy research and development laboratory. DOE’s Gateway for Accelerated Innovation in Nuclear program has twice awarded Lightbridge to support the development of Lightbridge Fuel over the past several years. Lightbridge is participating in two university-led studies through the DOE Nuclear Energy University Program at Massachusetts Institute of Technology and Texas A&M University. An extensive worldwide patent portfolio backs Lightbridge’s innovative fuel technology. Lightbridge is included in the Russell Microcap® Index. For more information, please visit
www.ltbridge.com
.
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.
Forward Looking Statements
Oklo Inc.
This press release includes statements that express Oklo’s opinions, expectations, objectives, beliefs, plans, intentions, strategies, assumptions, forecasts or projections regarding future events or future results and therefore are, or may be deemed to be, “forward-looking statements.” The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” or, in each case, their negative or other variations or comparable terminology, and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning, among other things, the goals and benefits of the MOU, results of operations, financial condition, liquidity, prospects, growth, strategies and the markets in which Oklo operates. Such forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties.
As a result of a number of known and unknown risks and uncertainties, the actual results or performance of Oklo may be materially different from those expressed or implied by these forward-looking statements. The following important risk factors could affect Oklo’s future results and cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements: risks related to the deployment of Oklo’s powerhouses; the risk that Oklo is pursuing an emerging market, with no commercial project operating, regulatory uncertainties; the potential need for financing to construct plants, market, financial, political and legal conditions; the effects of competition; the risk that a binding agreement with Lightbridge does not materialize or fails to produce the expected benefits; changes in applicable laws or regulations; and the outcome of any government and regulatory proceedings and investigations and inquiries.
The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties of the other documents filed by Oklo from time to time with the U.S. Securities and Exchange Commission. The forward-looking statements contained in this press release and in any document incorporated by reference are based on current expectations and beliefs concerning future developments and their potential effects on Oklo. There can be no assurance that future developments affecting Oklo will be those that Oklo has anticipated. Oklo undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Source: Oklo Inc.
Lightbridge Corp.
With the exception of historical matters, the matters discussed herein are forward-looking statements. These statements are based on current expectations on the date of this news release and involve a number of risks and uncertainties that may cause actual results to differ significantly from such estimates. The risks include, but are not limited to: Lightbridge’s ability to commercialize its nuclear fuel technology; the degree of market adoption of Lightbridge’s product and service offerings; Lightbridge’s ability to fund general corporate overhead and outside research and development costs; market competition; our ability to attract and retain qualified employees; dependence on strategic partners; Lightbridge’s ability to enter into strategic definitive agreements; demand for fuel for nuclear reactors; Lightbridge’s ability to manage its business effectively in a rapidly evolving market; the availability of nuclear test reactors and the risks associated with unexpected changes in Lightbridge’s fuel development timeline; the increased costs associated with metallization of Lightbridge’s nuclear fuel; public perception of nuclear energy generally; changes in the political environment; risks associated with war in Europe; changes in the laws, rules and regulations governing Lightbridge’s business; development and utilization of, and challenges to, Lightbridge’s intellectual property; risks associated with potential shareholder activism; potential and contingent liabilities; as well as other factors described in Lightbridge's filings with the Securities and Exchange Commission (the “SEC”). Lightbridge does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise, except as required by law. Readers are cautioned not to put undue reliance on forward-looking statements.
A further description of risks and uncertainties can be found in Lightbridge’s Quarterly Report on Form 10-Q for the period ended September 30, 2024, Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in its other filings with the SEC, including in the sections thereof captioned “Risk Factors” and “Forward-Looking Statements”, all of which are available at
http://www.sec.gov/
and
www.ltbridge.com
.
Investor Relations Contact:
Matthew Abenante, IRC
Director of Investor Relations
Tel: +1 (347) 947-2093
ir@ltbridge.com
Media and Investor Contact for Oklo:
Bonita Chester, Head of Communications and Media at
media@oklo.com
Investor Contact:
Sam Doane, Director of Investor Relations at
investors@oklo.com
This press release was published by a CLEAR® Verified individual.
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
