Lightbridge Q1 operating loss widens 46% to $7.6 million

• Lightbridge posted a net loss of $6.3 million for the quarter ended March 31, 2026, widening 31%.
• Operating loss widened to $7.6 million, reflecting a 46% rise in total operating expenses to $7.6 million.
• Research and development expense climbed 94% to $3.3 million due to higher employee compensation and stock-based compensation, plus increased IT spending tied to its high-performance computer.
• Idaho National Laboratory work advanced with CRADA PTS No. 1 extended through September 2032, while a new SPPA PTS No. 6 targets coextruded fuel rod components for future irradiation testing with an estimated cost of about $4.6 million.
• Management expects sufficient liquidity to fund operations and anticipated cash needs for at least the next 12 months from the filing date.

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