Lightbridge Corporation Reports Increased Net Loss and Improved Cash Position in Latest 10-Q Filing

Lightbridge Corporation reported significant financial developments in its latest 10-Q filing for the quarter ending June 30, 2025. The company recorded a net loss of $8.3 million for the six months ended June 30, 2025, compared to a net loss of $5.2 million for the same period in 2024, marking a 60% increase in losses. Total operating expenses rose to $9.3 million, up from $5.9 million year-over-year, driven primarily by increased general and administrative (G&A) and research and development (R&D) costs. G&A expenses increased by 50% to $6.0 million, while R&D expenses surged by 74% to $3.3 million, reflecting heightened activity in the development of Lightbridge Fuel™.

The company’s cash position improved significantly, with cash and cash equivalents reaching $97.9 million as of June 30, 2025, compared to $40.0 million at the end of 2024. This increase was largely attributed to net proceeds of $63.1 million from the sale of approximately 6.2 million shares of common stock through its at-the-market (ATM) offering. The company anticipates that its existing cash resources will be sufficient to meet its operational needs for at least the next 12 months, although it projects total cash requirements of approximately $39.0 million for the upcoming year.

Strategically, Lightbridge has made notable advancements in its R&D initiatives, particularly through its agreements with the Idaho National Laboratory (INL). The company is focused on developing its nuclear fuel technology, with R&D expenses related to the INL project accounting for a significant portion of its total R&D spending. The company has also engaged in a feasibility study in Romania to assess the compatibility of Lightbridge Fuel™ for use in CANDU reactors, which has shown promising results that could enhance the fuel's marketability.

Operationally, Lightbridge has expanded its employee base, with a total of 25,545,488 shares of common stock outstanding as of June 30, 2025, up from 18,783,912 shares at the end of 2024. The company continues to explore partnerships and collaborations to support its fuel development efforts, including a memorandum of understanding with Oklo, Inc. to evaluate potential synergies in fuel fabrication and recycling. Looking ahead, Lightbridge aims to advance its nuclear fuel technology and expects to incur significant R&D expenditures over the next decade, estimating a total of $200 million to $300 million needed for development and commercialization efforts.