LIGHTBRIDGE Corp
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 4, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Forward-Looking Statements
In addition to historical information, this Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act). All statements other than statements of historical fact are statements that could be deemed forward-looking statements. We use words such as “believe,” “expect,” “anticipate,” “project,” “plan,” “intend,” “aim,” “will,” “may,” “can,” “potential,” “enhance,” “could,” “estimate,” “future,” or similar expressions, which are intended to identify forward-looking statements. Such statements include, among others:
| · | those concerning market and business segment growth, demand, and acceptance of our nuclear fuel technology and other steps toward the commercialization of Lightbridge Fuel™; |
|---|---|
| · | any projections of sales, earnings, revenue, margins, or other financial items; |
| · | any statements of the plans, strategies, and objectives of management for future operations and the timing and outcome of the development of our nuclear fuel technology; |
| · | any statements regarding future economic conditions or performance; |
| · | any statements about future financings and liquidity; |
| · | any statements regarding a transition to commercialization and early manufacturing; |
| · | the Company’s anticipated financial resources and position; and |
| · | all assumptions, expectations, predictions, intentions, or beliefs about future events and other statements that are not historical facts. |
The forward-looking statements are not historical facts, and are based upon our current expectations, beliefs, estimates and projections, and various assumptions, many of which, by their nature, are inherently uncertain and beyond our control. Our expectations, beliefs, estimates, and projections are expressed in good faith, and we believe there is a reasonable basis for them. You are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, particularly given the regulatory, technical, financial, and market risks associated with the development and commercialization of our nuclear fuel, as well as assumptions that if they were to ever materialize or prove incorrect, could cause the results of the Company to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties, among others, include:
| · | our ability to commercialize our nuclear fuel technology, including risks related to the design and testing of nuclear fuel incorporating our technology and the degree of market adoption of the Company’s product and service offerings; |
|---|---|
| · | our plans, estimates and expectations regarding the development, design, construction, commissioning and operation of the Pilot Factory, including the estimated cost, timing, scope and financing of the facility; |
| · | our ability to obtain and maintain the governmental, regulatory and other authorizations necessary to develop and operate the Pilot Factory and manufacture Lightbridge Fuel™ LTAs, including authorizations from DOE and arrangements with INL; |
| · | our ability to obtain applicable reviews and approvals necessary for Lightbridge Fuel™ LTAs to be loaded, irradiated or otherwise used in U.S. commercial nuclear reactors; |
| · | our plans and expectations regarding the potential development of the Lightbridge Fuel™ Factory (Fuel Factory), including its scope, timing, cost, licensing requirements and sources of financing; |
| · | the ability of our suppliers, contractors and other third parties to satisfy applicable technical, quality assurance, material traceability and regulatory requirements; |
| · | our estimates of future research and development expenses, capital requirements, personnel requirements and other expenditures associated with our fuel-development and manufacturing-readiness activities; |
| · | dependence on strategic partners; |
| · | any adverse changes to our agreements or relationship with the U.S. government and its national laboratories; |
| · | our ability to fund our future operations, including general corporate overhead and outside research and development (R&D) expenses, and continue as a going concern; |
|---|---|
| · | the future market and demand for our fuel for nuclear reactors and our ability to attract customers; |
| · | our ability to manage the business effectively in a rapidly evolving market; |
| · | our ability to employ and retain qualified employees and consultants that have experience in the nuclear industry; |
| · | competition and competitive factors in the markets in which we compete, including from accident tolerant fuels; |
| · | access to and availability of nuclear test reactors and the risks associated with unexpected changes in our nuclear fuel development timeline; |
| · | access to and availability of adequate resources and manufacturing capabilities at national laboratories that affect our nuclear fuel development timeline and project costs; |
| · | the availability and supply of high-assay low-enriched uranium (HALEU) and other nuclear materials required for the development, manufacture and testing of Lightbridge Fuel™ |
| · | our ability to successfully design, construct, commission and operate the Pilot Factory and any future commercial-scale fuel manufacturing facilities, including the Fuel Factory, within our anticipated costs and schedules; |
| · | the increased costs associated with metallization of our nuclear fuel; |
| · | uncertainties related to conducting business in foreign countries; |
| · | public perception of nuclear energy generally; |
| · | changes in laws, rules, and regulations governing our business; |
| · | changes in the political environment; |
| · | risks associated with war in Europe and the Middle East; |
| · | development and utilization of, and challenges to, our intellectual property domestically and abroad; |
| · | risks associated with potential shareholder activism; |
| · | potential and contingent liabilities; |
| · | the volatility of the trading price of our securities and the potential for purchasers of our securities to incur substantial losses; and |
| · | the other risks and uncertainties identified in Part I, Item 1A. Risk Factors included in our Annual Report on Form 10-K for the year ended December 31, 2025 and Part II, Item 1A. Risk Factors included in this Quarterly Report on Form 10-Q. |
Most of these factors are beyond our ability to predict or control and you should not put undue reliance on any forward-looking statement. Future events and actual results could differ materially from those set forth in, contemplated by or underlying the forward-looking statements. Forward-looking statements speak only as of the date on which they are made. The Company assumes no obligation and does not intend to update these forward-looking statements for any reason after the date of the filing of this Quarterly Report on Form 10-Q, nor to conform these statements to actual results or to changes in our expectations, except as required by law.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.