U.S. and French Nuclear power service companies Lightbridge Corporation and Framatome, said they had brokered an agreement that would allow them to dissolve their 50-50 Enfission joint venture, which they formed in January 2018.
The joint venture was focused on fuel assembly development.
The agreement allows both Lightbridge and Framatome "to pursue their ongoing technology development without any constraints." Lightbridge has also agreed to pay approximately $4.2 million, consisting of unpaid invoices and certain other costs incurred by Framatome. The companies also retain all of their intellectual property rights to their respective background technology. The Agreement resolves all disputes between the companies and terminates all agreements pertaining to the joint venture.