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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	August 16, 2006
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  	Lightbridge, Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	&nbsp;
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  	Delaware
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  	000-21319
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  	04-3065140
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	30 Corporate Drive, Burlington, Massachusetts
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  	&nbsp;
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  	01803
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	781-359-4000
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
  </P>
  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  <B>
  	Item 1.01 Entry into a Material Definitive Agreement.
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  On August 16, 2006, we entered into an early lease termination agreement on our Liverpool premises with the Region of Queens Municipality ("Landlord"). In consideration of the early lease termination agreement, we have agreed to sell certain assets to the landlord for $1.00. The estimated value of the equipment that is being sold is approximately $0.2 million USD which is approximately the same value of the surrendered lease.  <br><br>A copy of the agreement is included as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
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  	Item 1.02 Termination of a Material Definitive Agreement.
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  See the discussion in Item 1.01 above regarding information with respect of the termination of our Liverpool, Nova Scotia facility lease.
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  	Item 2.06 Material Impairments.
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  We expect to incur a non-cash asset impairment charge of approximately $0.2 million in the third quarter of 2006 with respect to the action described above. This amount was included in our original estimates as reported in our Current Report on Form 8-K filed with the Securities and Exchange Commission on May 25, 2006, in which we announced certain exit or disposal activities with respect our Liverpool, Nova Scotia contact center.
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	Lightbridge, Inc.
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  	&nbsp;&nbsp;
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  <I>
  	August 17, 2006
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  <I>
  	By:
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  <I>
  	Timothy C. O'Brien
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  	&nbsp;
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  <I>
  	Name: Timothy C. O'Brien
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  <I>
  	Title: Chief Financial Officer
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	Description
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  	10.1
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  	&nbsp;
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  Early Lease Termination Agreement
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_14491.htm", "description": "LIVE FILING", "secsgml_size_bytes": 10954}]
metadata_filer: {"company-data": {"conformed-name": "LIGHTBRIDGE INC", "cik": "0001017172", "assigned-sic": "4812", "irs-number": "043065140", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-21319", "film-number": "061040563"}, "business-address": {"street1": "30 CORPORATE DRIVE", "city": "BURLINGTON", "state": "MA", "zip": "01803", "phone": "7813594000"}, "mail-address": {"street1": "30 CORPORATE DRIVE", "city": "BURLINGTON", "state": "MA", "zip": "01803"}}
text: Lightbridge, Inc. (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  August 16, 2006
  Lightbridge, Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  000-21319
  04-3065140
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  30 Corporate Drive, Burlington, Massachusetts
  01803
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  781-359-4000
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  On August 16, 2006, we entered into an early lease termination agreement on our Liverpool premises with the Region of Queens Municipality ("Landlord"). In consideration of the early lease termination agreement, we have agreed to sell certain assets to the landlord for $1.00. The estimated value of the equipment that is being sold is approximately $0.2 million USD which is approximately the same value of the surrendered lease.
  A copy of the agreement is included as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
  Item 1.02 Termination of a Material Definitive Agreement.
  See the discussion in Item 1.01 above regarding information with respect of the termination of our Liverpool, Nova Scotia facility lease.
  Item 2.06 Material Impairments.
  We expect to incur a non-cash asset impairment charge of approximately $0.2 million in the third quarter of 2006 with respect to the action described above. This amount was included in our original estimates as reported in our Current Report on Form 8-K filed with the Securities and Exchange Commission on May 25, 2006, in which we announced certain exit or disposal activities with respect our Liverpool, Nova Scotia contact center.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  Lightbridge, Inc.
  August 17, 2006
  By:
  Timothy C. O'Brien
  Name: Timothy C. O'Brien
  Title: Chief Financial Officer
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  10.1
  Early Lease Termination Agreement