This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Independent Study Validates Non-Proliferation Benefits Of Lightbridge's Proprietary Metallic Fuel

MCLEAN, Va., March 21, 2013 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq:LTBR) today announced that an independent analysis by Pace Global, a Siemens (NYSE:SI) business, confirms the Company's patented metallic fuel design has superior non-proliferation benefits compared to current nuclear fuels.

According to the report , the reasons for the superior non-proliferation benefits include:

  • "The amount of residual plutonium [at the end of the fuel's useful life] is significantly smaller in the Lightbridge designs" and there are "large fractions of neutron [absorbing elements] in Lightbridge metallic fuel" that would poison an attempt to make an explosive device from the material;  
  • Any attempt to reprocess spent Lightbridge fuel would require "additional complex chemical processing of the metallic portion of the fuel," and "it is believed no industrial-scale process has been developed for this purpose;"  
  • "Current U.S. reactor fuels and the proposed Lightbridge design are all classified as LEU (low enriched uranium)" that "cannot be used directly for the construction of nuclear weapons." "If a diverter had the necessary access to enrichment facilities, it would actually be more efficient and stealthy for the [diverter] to process natural uranium to the highly enriched state," as opposed to processing LEU.

"We are pleased by this independent confirmation of the fuel's significant non-proliferation benefits and by the steady achievement of technical milestones on the way to regulatory approval and commercialization of our fuel," said Seth Grae, Lightbridge President and CEO.

A December 2012 Pace Global analysis of Lightbridge fuel concluded that "Lightbridge's metallic fuel can deliver significantly improved economics to nuclear utilities from increased power output and extended fuel cycles, resulting in highly attractive returns on invested capital, even with conservative assumptions on reactor conversion and regulatory licensing costs, and fuel technology licensing fees paid to Lightbridge," Grae added.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,113.11 +32.97 0.18%
S&P 500 2,119.34 +1.65 0.08%
NASDAQ 5,090.4830 -1.6020 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs