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Lightbridge Announces Selection For DOE's Nuclear Energy Launch Pad INL, Providing Accelerated Pathway To Authorization For Lead Test Assembly Manufacturing Facility
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Shares of uranium and nuclear-related companies are trading higher amid multiple catalysts including reciprocal Canadian tariffs on U.S. imports, which may hinder Canadian uranium exports to the U.S. if the trade dispute worsens. Also, the U.S. Department of Energy's extension of a $1.9 billion loan to NextEra Energy to restart an Iowa nuclear facility helps to underpin both future demand and government commitment to the sector.
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Lightbridge CEO Says DOE Launch Pad INL Selection Enables Two-Prong Strategy, With SHED Pilot Facility Under DOE Authorization And LEFF Seeking NRC License; Expects Existing Cash Sufficient To Fund SHED