Capital investor gains stake in Lightbridge Corporation

February 6, 2023, 12:00PMANS Nuclear Cafe

Institutional investor BNF Capital has taken a 10.7 percent stake in Lightbridge Corporation, which is developing fuel for small modular reactors and existing light water reactors. BNF Capital is based in London, U.K. Lightbridge is located in Reston, Va.

He said it: Sean Benson, portfolio manager at BNF Capital, said, “Our strategic shareholding in Lightbridge Corporation reflects the belief that nuclear power will play an essential role in the energy transition away from fossil fuels. Small modular reactors, where our investors have partnered with the leading U.K. technology, will drive this reality and advanced nuclear technology must include the fuel that will power such reactors.”

Benson added, “Lightbridge fuel clearly suits this investment thesis, as they rethink the nuclear fuel rod, making it safer, more efficient, and cost-effective while bringing operational benefits that current fuels cannot achieve.”

Benson’s background: In addition to his role at BNF Capital, Benson is the portfolio manager and founder of the Tees River Funds, managing a dedicated uranium fund and a critical resources fund. He also sits on the board of directors of Rolls Royce SMR, where BNF Capital is an investor.


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