FOR IMMEDIATE RELEASE Lightbridge and AREVA Reach Agreement on Key Terms for Joint Venture to Develop and Commercialize Innovative Metallic Nuclear FuelJoint Venture Agreement • November 4th, 2016 • LIGHTBRIDGE Corp • Services-management consulting services
RESTON, Va. - November 2, 2016 - Lightbridge Corporation (NASDAQ: LTBR), a U.S. nuclear fuel development company, and AREVA NP, a leader in nuclear fuel, components and reactor services, have agreed upon key terms for the creation of a new joint venture to develop, manufacture and commercialize fuel assemblies based on Lightbridge’s innovative metallic nuclear fuel technology designed to significantly improve the economics, efficiency and safety of existing and new nuclear power facilities.
