secwatch.observer — SEC 8-K summary
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Issuer:     LIGHTBRIDGE Corp (LTBR)
CIK:        0001084554
Form:       8-K
Filed at:   2024-03-29T23:59:59+00:00
Accession:  0001477932-24-001583
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Lightbridge increases Battelle contract by $635K for fuel irradiation testing at INL
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- Modification No. 2 adds ~$635K to Lightbridge's reimbursement obligations to Battelle for Idaho National Laboratory work.
- Total estimated cost under the Umbrella SPPA raised to $1,708,623.
- Total cash payments under both Agreements estimated at ~$4.3M on cost-reimbursable basis over performance periods.
- Work involves fabricating delta-phase enriched U/Zr alloy ingot and irradiating fuel coupon specimens in ATR.
- Agreements with Battelle and DOE have initial 7-year term; feedstock materials contributed by Battelle and DOE.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084554/000147793224001583/0001477932-24-001583-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084554/000147793224001583/ltbr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-001583

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer