Lightbridge Corporation ("Lightbridge" or the "Company") (Nasdaq: LTBR), an advanced nuclear fuel technology company, and Stern Laboratories Inc. ("Stern Labs"), a leading employee-owned Canadian provider of specialized nuclear experimental services and tooling to the nuclear industry, today announced that Lightbridge has entered into an initial engineering contract and statement of work with Stern Labs to assess the thermal and hydraulic ("TH") performance of Lightbridge Fuel for use in Light Water Reactors ("LWRs").

Under the terms of the agreement, Stern Labs will provide laboratory services at its test facility in Hamilton, Ontario, Canada, to assess the TH performance of Lightbridge Fuel for LWRs.