Lightbridge (LTBR) Investor presentation summary

Strategic vision and market opportunity

• Developing advanced metallic nuclear fuel designed to enhance safety, economics, and proliferation resistance, enabling power uprates and longer fuel cycles.

• Targeting a global addressable market projected to grow from $115B today to $252B by 2050 as nuclear capacity doubles.

• Nearly all existing and new reactors worldwide are compatible, with 97% of current capacity able to adopt the fuel.

• Value creation for utilities estimated at $44B annually today, rising to $95B by 2050, driven by increased output and efficiency.

• Surging electricity demand, especially from AI data centers, underscores the need for reliable, carbon-free baseload power.

Technology and competitive advantages

• Proprietary tri-lobe, helically twisted metallic fuel rods operate ~1,000°C cooler than conventional fuel, improving safety and efficiency.

• Absence of spacer grids and fuel-clad gap reduces pressure drop, enhances heat transfer, and enables higher power uprates.

• Metallurgical bonding and increased cladding thickness improve structural integrity and reduce radiological risks.

• Validated through irradiation testing at Idaho National Laboratory and supported by peer-reviewed research.

• Robust global patent portfolio and trade secrets protect the technology and its economic potential.

Commercialization roadmap and business model

• Defined milestones: lab-scale development, pilot-scale SHED facility, commercial-scale LEFF facility, and global scaling via partnerships and licensing.

• Multiple revenue streams: direct fuel assembly sales, metallic rod supply, technology licensing, and engineering services.

• SHED facility at INL to validate production processes, followed by LEFF for commercial-scale output and automation.

• Strategic partnerships and regulatory engagement are key to accelerating commercialization and market adoption.

• Ongoing irradiation testing and regulatory qualification support the path to commercial deployment in the early 2030s.