Platt s 7 th Annual Nuclear Power Conference June 2012 James P. Malone

Transcription

1 Platt s 7 th Annual Nuclear Power Conference June 2012 James P. Malone 1

2 Safe Harbor Statement This presentation includes or incorporates by reference statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These statements include, but are not limited to, information or assumptions about revenues, gross profit, expenses, income, capital and other expenditures, financing plans, capital structure, cash flow, liquidity, management s plans, goals and objectives for future operations and growth. In some cases, you can identify forwardlooking statements by the use of words such as may, could, expect, intend, plan, seek, anticipate, believe, estimate, predict, potential, continue, or the negative of these terms or other comparable terminology. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and others factors which are, in some cases, beyond our control and which could materially affect actual results, levels of activity, performance or achievements. These risks and uncertainties include, but not limited to, the factors mentioned in the Risk Factors section of our Quarterly Report on Form 10-K for the year ended December 31, 2011, and other risks mentioned in our other reports filed with the Commission. The forward-looking statements contained in this presentation are made only of this date, and Lightbridge Corporation is under no obligation to revise or update these forward-looking statements. 2

3 Lightbridge at a Glance Lightbridge is a leading provider of nuclear energy consulting services to commercial and governmental entities worldwide, and is developing next generation nuclear fuel technology designed to: Improve the economics of nuclear power generation Increase the safety of current and new-build reactors Reduce the long-term nuclear waste Nasdaq Listed: LTBR Headquarters: McLean, VA Branch Offices: Abu Dhabi, Moscow, UK 3

4 Lightbridge History Originally founded in 1992 as Radkowsky Thorium Power Corporation to develop thorium-based nuclear fuel technology invented by Dr. Alvin Radkowsky Protégé of Dr. Edward Teller and Admiral Hyman G. Rickover First Chief Scientist of the U.S. Naval Nuclear Propulsion Program Team leader of first commercial nuclear power plant in the U.S. Instrumental in creation of civilian nuclear energy industry origins of GE and Westinghouse Nuclear Name change to Lightbridge Corporation in 2009 to reflect increased levels of fuel and service offerings and the move to a NASDAQ listing Currently engaged in leading advisory roles in new nuclear power programs overseas, both on the generation and regulatory sides 4

5 Lightbridge Business Segments Fuel Technology Business Advisory Services Business All-Uranium Seed & Blanket Fuel 10-17% power uprate and longer fuel cycles in existing PWRs All-Metal Fuel Up to 30% or greater power uprate in new build LWRs Nuclear Generation Comprehensive advisory services for new and expanding nuclear power programs Nuclear Regulation Design, development, & management of nuclear regulators according to highest international standards 5

6 Fuel Design Evolution Seed & Blanket to All-Metal Seed Metallic Uranium Seed Metallic Uranium All- Metal Metallic Uranium Blanket Oxide Uranium Blanket Oxide Uranium Thoriumbased seed & blanket Uraniumbased seed & blanket All-metal fuel 6

7 Comparison to Standard Fuel Rod Cladding Cladding Fuel Pellet Fuel Core Gas Gap Displacer Standard Cylindrical Oxide Fuel Rod Cross- Section Lightbridge metallic fuel rod cross-section 7

8 Safety & Operational Benefits Structural integrity Lower fuel temperature 1200 C C Conventional Fuels 340 C 380 C LTBR Fuels Improved heat transfer 8

9 10% Power Uprate Economics Financial Impact for a Typical 1,100 MWe Plant Incremental revenue from 10% power uprate Incremental revenue from switching to 24-month cycle Estimated cost savings from fewer refueling outages $ 48M $ 8M $ 4M Additional Enriched Uranium Product costs ($ 20M) Incremental annual net revenue + cost savings to utility* $ 40M Assuming wholesale electricity price of $55 USD/MWh 9

10 Fuel Development Program 10

11 Nuclear Fuel Development Timeline Seed-Blanket Unit Mechanical Design Fabrication Process Development Fuel Assembly Design and Analysis Regulatory Licensing of LTAs Test Reactor Loop Irradiations Thermal Hydraulic & Other Experiments Accident Scenario Testing & Simulation LTA Operation in a PWR Completed tasks Ongoing and future planned tasks 11

12 Fuel Technology Development 12

13 Lightbridge Corporation Key Contacts US Headquarters 1600 Tysons Blvd. Suite 550 McLean, VA USA Seth Grae President & Chief Executive Officer James D. Guerra Chief Operating and Financial Officer Sandy McWhirter Vice President, Consulting Gary Sharpe Investor Relations James P. Malone Chief Nuclear Fuel Development Officer