Lightbridge Corporation (NASDAQ:LTBR), an advanced nuclear fuel technology company, today announced that it has received a Notice of Allowance from the Eurasian Patent Office for its CANDU-type nuclear fuel assembly design. Specifically, this is a divisional patent of the 2015 PCT application relating to a CANDU-type fuel assembly having a mixed grid pattern.
According to the World Nuclear Association, there are 47 CANDU-type pressurized heavy water reactors in use around the world.
Seth Grae, President and Chief Executive Officer of Lightbridge Corporation, commented, “Today’s Notice of Allowance further expands our intellectual property portfolio in Eurasia, a potential target market for Lightbridge Fuel™, which is designed to enhance the operating safety and efficiency of existing reactors, including CANDU-type pressurized heavy water reactors, as well as water-cooled small modular reactors that are being developed.”