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Subsequent Events
9 Months Ended
Sep. 30, 2025
Subsequent Events  
Subsequent Events

Note 9. Subsequent Events

 

ATM Sales

 

Sales of common stock under the Company’s ATM from October 1, 2025 to November 6, 2025 amounted to 1,891,613 shares, which resulted in total net proceeds of approximately $42.0 million, stock issuance costs were approximately $1.3 million.

 

Safety Analysis Code Development Agreement

 

On October 27, 2025, Lightbridge Corporation entered into an Agreement for Safety Analysis Codes and Services for Lightbridge Fuel Designs with Numerical Advisory Solutions, LLC (“NAS”). Under the agreement, NAS will develop customized safety-analysis computer codes, models, and documentation to evaluate Lightbridge’s proprietary metallic uranium-zirconium fuel designs for water-cooled reactors. The firm-fixed-price contract totals approximately $0.8 million and will commence in the fourth quarter of 2025. All deliverables, including related intellectual-property rights, will be owned by Lightbridge.