Lightbridge Announces U.S. Department Of Energy ~$1M Award To Texas A&M University To Study Fuel Performance Of Lightbridge Fuel In A NuScale SMR
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Lightbridge Corporation (NASDAQ:LTBR) announced that Texas A&M University has been awarded approximately $1M by the U.S. Department of Energy to study the performance of Lightbridge Fuel in a small modular reactor (SMR) designed by NuScale Power (NYSE:SMR). The study will be conducted over three years and will be funded entirely by the DOE. Structural Integrity Associates will perform the thermal evaluation of Lightbridge Fuel in the SMR using its PEGASUS simulation software.
July 06, 2023 | 5:32 pm
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POSITIVE IMPACT
The DOE's funding for a study on Lightbridge's fuel performance in a NuScale SMR could potentially boost the company's reputation and market position.
The DOE's funding for a study on Lightbridge's fuel performance in a NuScale SMR indicates recognition of the company's advanced nuclear fuel technology. This could potentially enhance Lightbridge's reputation and market position, leading to a positive impact on its stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The study on the performance of Lightbridge's fuel in a NuScale SMR could potentially enhance NuScale's product offering and market position.
The study on the performance of Lightbridge's fuel in a NuScale SMR could potentially enhance NuScale's product offering and market position. This could lead to a positive impact on its stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100