How did Lightbridge's R&D expenses surge in Q4 2024?

Lightbridge's R&D expenses surged in Q4 2024 due to several key factors:

1. **Increased Project Activities**: R&D expenses rose to $1.37 million, up from $555,215 in the same period the previous year. This increase is attributed to heightened project activities, indicating a ramp-up in the company's research and development efforts.
2. **Collaboration with DOE and NRC**: The company's collaboration with the U.S. Department of Energy and the Nuclear Regulatory Commission under the ADVANCE Act has led to enhanced data sharing and leverage of the DOE's research capabilities. This collaboration is likely to have amplified the scope and intensity of R&D activities, contributing to the surge in expenses.
3. **Development of Lightbridge Fuel**: The ongoing development of Lightbridge's proprietary fuel technology, Lightbridge Fuel™, requires significant investment in R&D. The company's focus on advancing this technology to enhance safety, efficiency, and economic viability has necessitated increased R&D spending.

In summary, Lightbridge's R&D expenses surged in Q4 2024 due to increased project activities, collaboration with government agencies, and the ongoing development of its proprietary fuel technology. These factors combined to drive up R&D expenses, reflecting the company's commitment to innovation and its strategic positioning in the nuclear energy sector.