| x | ANNUAL REPORT PURSUANT TO      SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---|------------------------------------------------------------------------------------------------|

|  ̈ | TRANSITION REPORT PURSUANT TO      SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|--------|----------------------------------------------------------------------------------------------------|

| Nevada                                                                  |   | 91-1975651                                  |
|-------------------------------------------------------------------------|--------|---------------------------------------------|
| (State      or other jurisdiction ofincorporation      or organization) |   | (I.R.S.      Employer IdentificationNumber) |

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| Large      accelerated filer  ̈ | Accelerated filer  ̈ | Non-accelerated filer       ̈ | Smaller reporting company      x |
|-------------------------------------|--------------------------|-----------------------------------|----------------------------------|

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| Item      15.  | Exhibits      and Financial Statement Schedules. |
|---------------------|--------------------------------------------------|

Thefollowing exhibits are filed with this report, except those indicated as havingpreviously been filed with the Securities and Exchange Commission and areincorporated by reference to another report, registration statement or form. Asto any shareholder of record requesting a copy of this report, we will furnishany exhibit indicated in the list below as filed with this report upon paymentto us of our expenses in furnishing the information.

| ExhibitNumber |   | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|---------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1           |   | Articles      of Incorporation (incorporated by reference from the Company’s Quarterly      Report on Form 10-Q filed on November 12, 2009).                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 3.2           |   | By-laws      (incorporated by reference from the Company’s Current Report on Form 8-K      filed on September 18, 2006).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 4.1           |   | 2005      Compensation Plan for Outside Consultants of Custom Brand Networks, Inc.      dated March 1, 2005 (incorporated by reference from the Company’s      Registration Statement on Form S-8 filed on March 10,    2005).                                                                                                                                                                                                                                                                                                                                                                           |
| 4.2           |   | 2005      Augmented Compensation Plan for Outside Consultants of the Company dated      August 15, 2005 (incorporated by reference from the Company’s Registration      Statement on Form S-8 filed on August 19, 2005).                                                                                                                                                                                                                                                                                                                                                                                 |
| 4.3           |   | 2006      Stock Plan (incorporated by reference to Exhibit 10.1 of the current      report of the Company on Form 8-K filed February 21,  2006)                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 10.1          |   | Employment      Agreement, dated as of February 14, 2006, between the Company and Seth      Grae (incorporated by reference to Exhibit 10.2 of the current report of      the Company on Form 8-K filed February 21, 2006)                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.2     |   | Teaming      Agreement dated February 22, 2006 between The University of Texas System,      The University of Texas of the Permian Basin, The University of Texas at      Austin, The University of Texas at Arlington, The University of Texas at      Dallas, The University of Texas at El Paso, The City of Andrews, Texas,      Andrews County, Texas, the Midland Development Corporation, the Odessa      Development Corporation, Thorium Power and General Atomics (incorporated      by reference from Exhibit 10. the Company’s Registration Statement on Form      S-4 filed June 14, 2006). |
| 10.3          |   | Employment      Agreement, dated July 27, 2006, between the Company and Andrey Mushakov      (incorporated by reference to Exhibit 10.1 of the current report of the      Company on Form 8-K filed August 4, 2006).                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.4     |   | Independent      Director Contract, dated August 21, 2006, between the Company and Victor      Alessi (incorporated by reference to Exhibit 10.1 of the current report of      the Company on Form 8-K filed August 25, 2006).                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.5          |   | Independent      Director’s Contract, dated October 23, 2006, between Thorium Power, Ltd.      and Jack D. Ladd (incorporated by reference to Exhibit 10.1 to the      Company’s Current Report on Form 8-K, filed on October 23,      2006).                                                                                                                                                                                                                                                                                                                                                      |
| 10.6          |   | Independent      Director’s Contract, dated October 23, 2006, between Thorium Power, Ltd.      and Daniel B. Magraw (incorporated by reference to Exhibit 10.2 to the      Company’s Current Report on Form 8-K, filed on October 23,      2006).                                                                                                                                                                                                                                                                                                                                                  |
| 10.7          |   | Employment      Agreement, dated February 1, 2007, between the Company and Erik Hallstrom      (incorporated by reference to Exhibit 10.1 of the current report of the      Company on Form 8-K filed February 1, 2007).                                                                                                                                                                                                                                                                                                                                                                                       |
| 10.8          |   | Employment      Agreement, dated February 1, 2007, between James Guerra and Thorium Power,      Ltd. (incorporated by reference to Exhibit 10.1 to the Company’s Current      Report on Form 8-K, filed on October 23, 2007)                                                                                                                                                                                                                                                                                                                                                                             |
| 10.9          |   | Agreement      for Ampoule Irradiation Testing in 2006-2007, dated December 28, 2007,      between Thorium Power, Inc. and Russian Research Centre Kurchatov      Institute (incorporated by reference to Exhibit 10.9 to the Company’s      Annual Report on Form 10-K, filed on March 26, 2009).                                                                                                                                                                                                                                                                                                       |
| 14.1          |   | Code      of Ethics (incorporated by reference from the Company’s Annual Report on      Form 10-KSB filed on November 25, 2005).                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 31.1*         |   | Rule      13a-14(a)/15d-14(a) Certification - Principal Executive      Officer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 31.2*         |   | Rule      13a-14(a)/15d-14(a) Certification - Principal Accounting      Officer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 32*           |   | Section      1350Certifications                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |

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| LIGHTBRIDGE      CORPORATION      |
|-----------------------------------|
|                              |   |
| By:      | /s/ Seth Grae |
|                              |        Seth Grae |
|                              |        Chief Executive Officer, |
|                              |        President and Director |

| SIGNATURE               |   | TITLE                                                |
|-------------------------|--------|------------------------------------------------------|
|                    |   |                                                 |
| /s/ Seth Grae           |   | Chief      Executive Officer, President and Director |
| Seth      Grae          |   | (Principal      Executive Officer)                   |
|                    |   |                                                 |
| /s/ James Guerra        |   | Chief      Financial Officer and Treasurer           |
| James      Guerra       |   | (Principal      Accounting and Financial Officer)    |
|                    |   |                                                 |
| /s/ Thomas Graham, Jr.  |   | Director                                             |
| Thomas      Graham, Jr. |   |                                                 |
|                    |   |                                                 |
| /s/ Victor Alessi       |   | Director                                             |
| Victor      Alessi      |   |                                                 |
|                    |   |                                                 |
| /s/ Jack Ladd           |   | Director                                             |
| Jack      Ladd          |   |                                                 |
|                    |   |                                                 |
| /s/ Dan Magraw          |   | Director                                             |
| Dan      Magraw         |   |                                                 |

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| ExhibitNumber |   | Description                                                                     |
|---------------|--------|---------------------------------------------------------------------------------|
|          |   |                                                                            |
| 31.1*         |   | Rule      13a-14(a)/15d-14(a) Certification - Principal Executive      Officer  |
| 31.2*         |   | Rule      13a-14(a)/15d-14(a) Certification - Principal Accounting      Officer |
| 32*           |   | Section      1350Certifications                                                 |

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