Lightbridge Corp Files 8-K with Material Agreement

TL;DR

Lightbridge Corp signed a new material agreement, filing an 8-K with the SEC.

AI Summary

On October 24, 2024, LIGHTBRIDGE Corporation entered into a Material Definitive Agreement. The filing also includes financial statements and exhibits. The company, formerly known as Thorium Power, Ltd and NOVASTAR RESOURCES LTD., is incorporated in Nevada and headquartered in Reston, VA.

Why It Matters

This 8-K filing indicates a significant new agreement for Lightbridge Corp, which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — Material Definitive Agreements can introduce new risks or opportunities, and the specifics of this agreement are not detailed in the provided excerpt.

Key Players & Entities

• LIGHTBRIDGE Corporation (company) — Registrant
• Thorium Power, Ltd (company) — Former company name
• NOVASTAR RESOURCES LTD. (company) — Former company name
• October 24, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — nge on Which Registered: Common Stock, $0.001 par value LTBR The Nasdaq Capital M
• $294,416, b — ee time were increased by approximately $294,416, bringing the total estimated cost for the
• $2,003,048 — Project Agreement, described below, to $2,003,048. As previously disclosed, on December
• $4.6 million — reements are estimated at approximately $4.6 million (excluding project contingencies) on a

Filing Documents

• ltbr_8k.htm (8-K) — 26KB
• ltbr_ex101.htm (EX-10.1) — 5KB
• ltbr_ex101img9.jpg (GRAPHIC) — 165KB
• ltbr_ex101img16.jpg (GRAPHIC) — 139KB
• ltbr_ex101img15.jpg (GRAPHIC) — 76KB
• ltbr_ex101img14.jpg (GRAPHIC) — 86KB
• ltbr_ex101img13.jpg (GRAPHIC) — 78KB
• ltbr_ex101img12.jpg (GRAPHIC) — 77KB
• ltbr_ex101img11.jpg (GRAPHIC) — 84KB
• ltbr_ex101img10.jpg (GRAPHIC) — 99KB
• 0001477932-24-006677.txt ( ) — 1261KB
• ltbr-20241024.xsd (EX-101.SCH) — 6KB
• ltbr-20241024_lab.xml (EX-101.LAB) — 14KB
• ltbr-20241024_cal.xml (EX-101.CAL) — 1KB
• ltbr-20241024_pre.xml (EX-101.PRE) — 9KB
• ltbr-20241024_def.xml (EX-101.DEF) — 2KB
• ltbr_8k_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On October 24, 2024, Lightbridge Corporation ("Lightbridge" or the "Company") and Battelle Energy Alliance, LLC ("Battelle"), the operating contractor of Idaho National Laboratory, entered into Modification No. 3 ("Modification No. 3") to the Project Task Statement under the Strategic Partnership Project Agreement, dated December 9, 2022, as amended on May 23, 2023 and March 26, 2024, by and between the Company and Battelle. Pursuant to the terms of Modification No. 3, the potential amounts payable by the Company to reimburse Battelle for its expenses and employee time were increased by approximately $294,416, bringing the total estimated cost for the work to be performed under the "Umbrella" Strategic Partnership Project Agreement, described below, to $2,003,048. As previously disclosed, on December 9, 2022, the Company entered into initial releases with Battelle in collaboration with the U.S. Department of Energy ("DOE"), which releases set forth the initial scopes of work and funding commitments under an "Umbrella" Strategic Partnership Project Agreement and an "Umbrella" Cooperative Research and Development Agreement (together, the "Agreements"), each dated September 27, 2022, between the Company and Battelle. Under the Agreements, the Company is responsible for most expenses and will reimburse Battelle for its expenses and employee time, and Battelle and DOE will contribute feedstock materials for the fabrication of ingots and extrusion of billets. Battelle will also fabricate irradiation capsule hardware and assemble the experiment with fuel coupons and irradiate the experiment in the Advanced Test Reactor ("ATR"). Each Agreement has an initial term of seven years from the effective date. Pursuant to the initial releases, the Company is working with Battelle at Idaho National Laboratory to fabricate a delta-phase enriched uranium/zirconium alloy ingot that is suitable for extruding fuel coupon specimens

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Modification No. 3 to the Project Task Statement, dated October 24, 2024, under the Strategic Partnership Project Agreement, dated December 9, 2022, as amended on May 23, 2023 and March 26, 2024, by and between Lightbridge Corporation and Battelle Energy Alliance, LLC. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) Certain portions of this Exhibit have been redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K. The Company agrees to furnish supplementally an unredacted copy of this Exhibit to the SEC upon request. 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LIGHTBRIDGE CORPORATION Dated: October 25, 2024 By: /s/ Seth Grae Name: Seth Grae Title: President and Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR