Lightbridge Corporation (NASDAQ:LTBR) Q1 2024 Earnings Call Transcript May 10, 2024

Lightbridge Corporation isn't one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).

Operator: Thank you for standing by, and welcome to the Lightbridge Corporation Business Update and First Quarter 2024 Conference Call. Please note that today's call is being recorded. It is now my pleasure to introduce Matthew Abenante, Director of Investor Relations for Lightbridge Corporation.

Matthew Abenante: Thank you, Victor and thanks to all of you for joining us today. The company's earnings press release was distributed yesterday and can be viewed on the Investor Relations page of the Lightbridge website at www.ltbridge.com. Joining us on the call today is Seth Grae, Chief Executive Officer; along with Andrey Mushakov, Executive Vice President for Nuclear Operations; Scott Holcombe, Vice President of Engineering; James Fornof, Vice President of Program Management, Larry Goldman, Chief Financial Officer; and Sherrie Holloway, Controller. I’d like to remind our listeners that any statements on this call that are not historical facts are forward-looking statements. Today's presentation includes forward-looking statements about the company's competitive position and product and service offerings.

During today's call, words such as expect, anticipate, believe and intend will be used in our discussion of goals or events in the future. This presentation is based on current expectations and involve certain risks and uncertainties that may cause actual results to differ significantly from such estimates. These and other risks are set forth in more detail in Lightbridge's filings with the Securities and Exchange Commission. Lightbridge does not assume any obligation to update or revise any such forward-looking statements whether as a result of new developments or otherwise. And with that, I’d like to turn over the call to our first speaker, Seth Grae, Chief Executive of Lightbridge. Hello, Seth.

Seth Grae: Hello and thank you, Matt and thank you all for joining us to discuss Lightbridge's First Quarter 2024 results. In March, we celebrated an important achievement at Idaho National Laboratory. We demonstrated an extrusion process for Lightbridge fuel material using the zirconium, a uranium zirconium alloy a video of the extrusion process is on our website along with photos of the team, the machinery and the rod. I was recently honored to be appointed as the Chair of the American Nuclear Society's International Council. This role grants me the privilege of working alongside global nuclear experts to enhance international cooperation and advocate for safe, secure and economical use of nuclear science and technology worldwide.