US-based Lightbridge Corporation has announced that it received a patent covering its metallic nuclear fuel rod design in Canada and has also received its patent in China following the notice of allowance announced in May. Lightbridge President and CEO Seth Grae commented, "These patents in Canada and China illustrate our continued success securing our intellectual property rights around the world. We have now received patents for our breakthrough metallic nuclear fuel in key markets including the US, Canada, China, Japan, South Korea, Russia, and other global markets." He added: "Securing our intellectual property rights is an important step in advancing our global strategy. We are working with key industry players and look forward to announcing our first major commercial arrangement for deploying our metallic fuel later this year. Through these strategic partnerships and joint ventures, we expect to be in position to leverage our partners' existing resources and capabilities to cost effectively bring our fuel to market globally, which has the potential to generate hundreds of millions of dollars in annual royalty revenues to Lightbridge and our shareholders."
