other material
confidence high
sentiment neutral
materiality 0.40
Lightbridge increases funding for Idaho National Lab collaboration by ~$294k to total $2.0M under Modification No. 3
LIGHTBRIDGE Corp
- Modification No. 3 raises Lightbridge's reimbursable cap to Battelle by ~$294,416; total estimated cost now $2,003,048 under Umbrella SPPA.
- Combined cash payments to Battelle under both Agreements estimated at ~$4.6 million on a cost-reimbursable basis.
- Lightbridge continues work with INL to fabricate delta-phase enriched U/Zr alloy ingot and irradiate fuel coupon specimens in ATR.