Lightbridge receives notice of allowance from Canadian IP Office for CANDU

Lightbridge Corporation announced that it has received a Notice of Allowance from the Canadian Intellectual Property, IP, Office for a key patent that covers a fuel assembly design for Canada Deuterium Uranium, CANDU, heavy water reactors with a mixed grid arrangement of Lightbridge metallic fuel rods. Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, "This is an important expansion of Lightbridge’s intellectual property around our fuel assembly design being utilized in CANDU reactors. CANDU-type reactors represent an important market for Lightbridge Fuel(TM). Our ongoing fuel development, including future testing and feasibility studies, will help prioritize commercial deployment to the types of reactors that can utilize Lightbridge Fuel the soonest and with the greatest commercial value."