Lightbridge amends Idaho National Lab agreement; increases potential funding by $600K

LIGHTBRIDGE Corp

Modification No. 4 raises potential payable amount to Battelle by ~$600K, total estimated cost to $2.6M under the umbrella SPPA.
Total estimated cash payments under both agreements now ~$6.8M on a cost-reimbursable basis.
Battelle and DOE will contribute feedstock for fabrication of enriched uranium/zirconium alloy ingots and fuel coupons.
Work includes extruding fuel coupons and irradiating them in the Advanced Test Reactor at Idaho National Laboratory.
Initial term of the agreements is seven years from September 27, 2022; Lightbridge reimburses most expenses.

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