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Andrey Mushakov, Executive Vice President of Nuclear Operations at Lightbridge Corp (NASDAQ:LTBR), recently sold 30,000 shares of the company's common stock. This transaction, which took place on February 12, 2025, was executed under a Rule 10b5-1 trading plan that Mushakov adopted on September 13, 2024. The sale comes as InvestingPro data shows LTBR has delivered an impressive 411% return over the past year, with the company's market capitalization now standing at $213.2 million. The shares were sold at a weighted average price of $14.58, resulting in a total transaction value of $437,400.
Following this sale, Mushakov holds 159,893 shares of Lightbridge. The shares were sold in multiple transactions at prices ranging from $14.55 to $14.61. Mushakov has committed to providing detailed information regarding the number of shares sold at each separate price upon request.
In other recent news, Lightbridge Corporation, a management consulting services provider, has been actively engaging in new ventures. The company announced a non-binding Memorandum of Understanding (MOU) with Oklo Inc., intending to conduct a feasibility study for co-locating a Lightbridge Commercial-scale Fuel Fabrication Facility at Oklo's proposed commercial fuel fabrication facility. The collaboration aims to explore opportunities for reprocessing and recycling spent uranium-zirconium fuel.
Additionally, Lightbridge Corporation has entered into an amended agreement with Battelle Energy Alliance, increasing its financial commitment by approximately $1.6 million. The partnership focuses on fabricating and testing advanced nuclear fuel designs, with Lightbridge set to fabricate a delta-phase enriched uranium/zirconium alloy ingot.
Lightbridge also updated its at-the-market equity offering program, amending its sales agreement with Stifel, Nicolaus & Company, Incorporated. As of the latest prospectus supplement, Lightbridge has sold approximately $12.4 million of its common shares under the agreement, with around $45.2 million of remaining capacity for future sales. These recent developments showcase Lightbridge's strategic efforts to expand its role in the nuclear energy industry and its ongoing financial strategy.
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