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Lightbridge Receives Notice of Allowance on New Japanese Patent Covering Multi-Zone Fuel Element and 3D Printing Method

LTBR
  • Lightbridge Corporation received a Notice of Allowance from the Japan Patent Office for Japanese Patent Application No. 2024-513980 titled "Multi-Zone Fuel Element."
  • The allowed claims protect the fuel element design, the fuel assembly incorporating the design, & the additive manufacturing method used to produce the element.
  • The patented fuel rod consists of three layers of different materials with varying thicknesses to control fuel behavior, improve performance, & enhance safety margins.
  • Japan currently has 32 operable reactors with 15 returned to service, & aims for nuclear power to represent approximately 20% of electricity generation by fiscal year 2040.
  • Chairman & CEO Seth Grae stated the three-way coverage of the rod, assembly, & manufacturing process is commercially critical for protecting the fuel product & production process.
  • Lightbridge holds an extensive worldwide patent portfolio covering jurisdictions representing the majority of global nuclear generating capacity.
  • The company has entered into two long-term framework agreements with Battelle Energy Alliance for the U.S. Department of Energy's Idaho National Laboratory.
  • Lightbridge is included in the Russell 2000, Russell 3000, & Solactive Global Uranium & Nuclear Components Total Return Indexes.