Benzinga | Aug 16, 2021 08:12AM EDT

Lightbridge Receives Notice of Allowance for a Key Patent from the Canadian Intellectual Property Office for its Innovative Fuel Design and Related Manufacturing Method

Lightbridge Corporation (NASDAQ:LTBR), an advanced nuclear fuel technology company, today announced that it has received a Notice of Allowance from the Canadian Intellectual Property Office for a key patent that covers the design of our all-metal PWR fuel assembly, as well as a method for manufacturing our metallic fuel rods using the casting route.

Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, "This latest patent in Canada further expands the broad global patent protection already surrounding our fuel design, illustrating our continued success securing our intellectual property rights around the world. We have now received patents for our breakthrough metallic nuclear fuel in key markets including the U.S., Canada, China, Japan, South Korea, Russia, and other global markets. We believe that our strong patent portfolio will help establish and sustain our leadership in key global markets."