Lightbridge Shares Rise on U.S. Patent Issuance

Lightbridge Corporation's share price jumped more than 24% to $2.87 on Tuesday, Feb. 18 on news of the issuance of a key patent covering Lightbridge's multi-lobed metallic fuel rod design and fuel assemblies. The patent number is 8,654, 917 and is available on the U.S. Patent and Trademark Office website at http://www.uspto.gov. Nearly 2.1 million Lightbridge shares were traded Tuesday, and the stock rose to a new 52-week high of $3.28 in intraday trading.

The advance continued on Wednesday morning, Feb. 19. As of 11:30 a.m. Eastern, shares of Lightbridge (Nasdaq: LTBR) were up more than 6% to $3.06 on trading volume of about 700,000 shares.

"This new patent is the single most important patent in Lightbridge's intellectual property portfolio and is crucial to the Company's future royalty revenue stream," said Seth Grae, President and Chief Executive Officer. "We now have very broad protection for the metal fuel element that will be used in all of our fuel assembly designs. Moreover, this successful outcome secures patent protection in the U.S. - the world's largest market of pressurized water reactors currently in operation.

"Lightbridge continues to achieve its major developmental milestones through the dedicated, significant high technology work of our extremely skilled team of nuclear engineers. We expect our success will translate into one or more teaming arrangements with major nuclear fuel fabricators and other strategic partners that may include cost-sharing contributions or revenue in the form of technology access fees to Lightbridge based on our intellectual property, as well as engineering support services."

Media reports echoed the development, with articles in The Wall Street Journal/Market Watch, MSN Money, BidnessEtc, and TD Waterhouse, among other outlets.

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