Lightbridge Corporation (NASDAQ:LTBR), a nuclear fuel technology development company, announced today that work began at the Framatome fuel fabrication facility in Richland, Washington. This state-of-the-art facility will be used to manufacture fuel assemblies for U.S. nuclear power plants based on Lightbridge’s patented metallic fuel that provides improved safety and better economics through power uprates and longer fuel cycles.
Directors Talk 13th Aug 2018 read more »
In today’s international nuclear marketplace, foreign investment is a significant source of capital for U.S. next-generation nuclear ventures. However, about-to-be signed legislation has the potential to broadly expand the ability of the Committee on Foreign Investment in the United States (“CFIUS”) to review foreign investment into the United States directed towards the nuclear industry, as well as the ability of the U.S. government to control exports of emerging nuclear technologies. The new legislation, expected to be signed today, will among other things: increase the number of transactions falling under CFIUS jurisdiction, make some CFIUS reviews mandatory, and give CFIUS the ability to suspend pending investments. The legislation will also expand export controls for “emerging and foundational technologies.” The advanced reactor community should be aware of the legislation as it could impact future investment plans. The community may also want to involve itself in expected rulemakings that will clarify important parts of the legislation.
Hogan Lovells 13th Aug 2018 read more »