Enfission Meets with U.S. Nuclear Regulatory Commission to Introduce Lightbridge Fuel
August 17 2018 - 8:00AM
Enfission, LLC, a joint venture of Lightbridge Corporation (NASDAQ:
LTBR), a nuclear fuel technology development company, and
Framatome, a leader in nuclear energy, held its first meeting on
August 15, 2018 with representatives of the U.S. Nuclear Regulatory
Commission (NRC) to discuss the development and regulatory
licensing of Lightbridge Fuel™ for the U.S. market. The NRC’s
notice of the meeting is available in the agency’s ADAMS database
under accession number: ML18215A346.
The two companies launched Enfission in January
to develop, license, manufacture, and sell fuel assemblies
incorporating Lightbridge Fuel™ technology. The metallic fuel under
development by Enfission is designed to make both existing and new
nuclear power plant designs more efficient and economical through
power uprates and longer fuel cycles.
Seth Grae, CEO of Enfission, said: “Presenting
our Enfission joint venture to the NRC is an important step in the
licensing process of our metallic fuel technology, which promises
to make nuclear power plants safer and significantly more
economical and cost-competitive with other energy sources. We are
pleased with our first formal interaction with the NRC staff on
behalf of Enfission and look forward to working closely with them
throughout the licensing process of our Lightbridge Fuel.”
About Enfission
Lightbridge Corporation (NASDAQ: LTBR) and
Framatome finalized and launched Enfission, a 50-50 joint venture
company to develop, license and sell nuclear fuel assemblies based
on Lightbridge-designed metallic fuel technology and other advanced
nuclear fuel intellectual property. Lightbridge is a U.S. nuclear
fuel development company and Framatome is a leader in designing,
building, servicing and fueling today’s reactor fleet and advancing
nuclear energy. Follow Enfission on twitter: @EnfissionLLC
Investor Relations Contact:
David Waldman/Natalya RudmanTel. +1
855-379-9900ir@ltbridge.com
Media Contact:
Jarret AdamsTel. +1 202-815-9234jadams@fulloncom.com
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