Lightbridge Corporation (NASDAQ: LTBR) reported a second-quarter fiscal 2026 (Q2FY26) loss per share of $(0.18), widening from the $(0.16) loss recorded in the same period last year. The Reston, Virginia-based advanced nuclear fuel technology company disclosed these results on Wednesday, August 5, 2026, after market close, marking a deterioration in profitability metrics as it continues to fund its proprietary Lightbridge Fuel™ development program.

The widening loss reflects the ongoing capital intensity required for the company’s next-generation nuclear fuel technology, designed for existing light-water and pressurized heavy-water reactors. Seth Grae, Chairman & Chief Executive Officer, led the conference call on Thursday, August 6, at 4:00 p.m. ET, where executives addressed the financial performance and provided updates on fuel development activities. Investors had previously submitted written questions via email to ir@ltbridge.com by August 3.

Financial Performance and Strategic Context

Lightbridge’s Q2FY26 results highlight the persistent burn rate associated with its research and development efforts. The company remains focused on delivering abundant, zero-emission clean energy and enhancing reactor safety and economics through its innovative fuel technology. Despite the quarterly loss, Lightbridge continues to leverage strategic partnerships, including long-term framework agreements with Battelle Energy Alliance, LLC, the United States Department of Energy’s operating contractor for Idaho National Laboratory.

The DOE’s Gateway for Accelerated Innovation in Nuclear program has awarded Lightbridge funding twice over recent years to support fuel development. An extensive worldwide patent portfolio underpins the company’s technological position. Lightbridge is included in the Russell 2000® and Russell 3000® Indexes.

Key Dates and Access Information

Investor Relations contact Matthew Abenante, Director of Investor Relations, can be reached at +1 (347) 947-2093 or ir@ltbridge.com . For further information, investors may visit www.ltbridge.com .

What the Numbers Show

The expansion of the loss per share from $(0.16) to $(0.18) indicates increased pressure on Lightbridge’s cash runway as it navigates the capital-intensive phase of nuclear fuel commercialization. This metric serves as a critical indicator of the company’s ability to sustain general corporate overhead and outside research and development costs without immediate revenue generation from fuel sales. The reliance on strategic partnerships, such as those with the Department of Energy, becomes increasingly vital in mitigating this burn rate while progress is made on metallization costs and test reactor availability.

Lightbridge Corporation has successfully removed the first batch of its fuel material samples from the Idaho National Laboratory (INL) Advanced Test Reactor. The samples were extracted on May 6, 2026, marking a significant milestone in the company's fuel development program. This step is critical for validating the performance of Lightbridge Fuel designs under irradiation conditions. The samples will now undergo a cooling period over the next several months to ensure safety and stability before the post-irradiation examination process commences later this year.

A total of 24 Lightbridge personnel, including its full-time fuel engineering team and senior management, were present on site at INL to witness the removal. On May 7, the team met with key INL project leaders to review progress. The meeting included John Wagner, Laboratory Director of Idaho National Laboratory, and Jess Gehin, Associate Lab Director. Lightbridge discussed progress to date and the strategic path forward for multiple projects currently underway at the laboratory.

"The data already developed at the Advanced Test Reactor is a meaningful validation of the innovation and engineering behind Lightbridge Fuel," said Seth Grae, President and Chief Executive Officer of Lightbridge. "The data to be collected during the planned post-irradiation examination are expected to support our ongoing fuel performance modeling activities and regulatory licensing efforts for commercial deployment of Lightbridge Fuel."

Testing Methodology

The fuel material samples are being tested under the Fission Accelerated Steady-state Testing (FAST) method. This accelerated irradiation technique uses Highly Enriched Uranium to reach high burnup conditions faster than conventional test methods. The FAST method was conceived and developed at INL. Geoffrey "Boone" Beausoleil, Lightbridge’s Director of Materials, played a key role on the INL team that originated the initial concept for FAST and developed the underlying testing methodology during his prior tenure at INL.

Project Coordination

The successful removal and subsequent examination of these samples are pivotal steps in the development timeline. The data gathered will inform future engineering decisions and potential commercialization strategies for Lightbridge's advanced fuel solutions. John Wagner, Laboratory Director of Idaho National Laboratory, noted that the data contributes to the broader scientific understanding of advanced nuclear fuel performance and that public-private partnerships are central to INL's mission of accelerating new nuclear technologies.