Lightbridge Joins Gender Champions in Nuclear Policy
June 09 2020 - 8:00AM
Lightbridge Corporation (NASDAQ: LTBR), an advanced nuclear fuel
technology company, today announced that it has become a member of
Gender Champions in Nuclear Policy. Lightbridge is developing its
advanced metallic fuel designed to make both existing and new
nuclear power plants more efficient, more cost competitive, and
even safer.
Gender Champions in Nuclear Policy is a
leadership network that brings together heads of organizations
working in nuclear policy who are committed to break down gender
barriers and make gender equality a working reality in their
spheres of influence. Gender Champions include the leaders of
organizations whose agendas and/or members address nuclear
nonproliferation, nuclear weapons policy, nuclear disarmament,
nuclear security, nuclear deterrence, nuclear energy, and other
related topics.
Seth Grae, President & Chief Executive
Officer of Lightbridge Corporation, said: “We are proud that
Lightbridge is the first company in the nuclear power industry to
become a member of Gender Champions in Nuclear Policy, and we hope
to lead the way for other nuclear companies. Breaking down gender
barriers is about more than creating opportunity, it also opens the
door to ideas and perspectives that can enable nuclear technology
to achieve its enormous potential for benefiting our planet.”
Laura Holgate, Ambassador (ret.), Gender
Champions in Nuclear Policy Co-Founder and Vice President at the
Nuclear Threat Initiative, said: “We are thrilled that Lightbridge
is leading the way for other nuclear energy companies to join our
network. Their work both domestically and internationally in
helping bring women to the nuclear energy field is an example we
hope others will emulate.”
About Lightbridge
Corporation
Lightbridge (NASDAQ: LTBR) is an advanced
nuclear fuel technology development company based in Reston,
Virginia, United States. The Company is developing Lightbridge
Fuel™, a proprietary next-generation nuclear fuel technology for
current and future reactors, which significantly enhances the
economics, safety, and proliferation resistance of nuclear power.
Lightbridge invented, patented, and has independently validated its
technology, with goals of preventing climate change and enhancing
national security. The Company has assembled a world-class
development team. Four large electric utilities that generate about
half of America’s nuclear power advise Lightbridge on fuel
development and deployment. The Company plans to operate under a
licensing and royalty model, and based on the increased power
generated by Lightbridge-designed fuel expects to offer high ROI
for operators of existing and new reactors. For more information
please visit: www.ltbridge.com.
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Forward Looking Statements
With the exception of historical matters, the
matters discussed in this news release are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including statements regarding the timing and
outcome of research and development activities, other steps to
commercialize Lightbridge Fuel™ and future governmental support and
funding for nuclear energy. These statements are based on current
expectations on the date of this news release and involve a number
of risks and uncertainties that may cause actual results to differ
significantly from such estimates. The risks include, but are not
limited to: the Company’s ability to commercialize its nuclear fuel
technology; the degree of market adoption of the Company's product
and service offerings; market competition; dependence on strategic
partners; demand for fuel for nuclear reactors; the Company's
ability to manage its business effectively in a rapidly evolving
market; changes in the political environment; risks associated with
the further spread of COVID-19, including the ultimate impact of
COVID-19 on people, economies, and the Company’s ability to access
capital markets; the outcome of the arbitration with the Company’s
former joint venture partner and dissolution of the Enfission joint
venture; as well as other factors described in Lightbridge's
filings with the U.S. Securities and Exchange Commission.
Lightbridge does not assume any obligation to update or revise any
such forward-looking statements, whether as the result of new
developments or otherwise, except as required by law. Readers are
cautioned not to put undue reliance on forward-looking
statements.
A further description of risks and uncertainties
can be found in Lightbridge’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2019 and in its subsequent reports
on Form 10-Q, including in the sections thereof captioned “Risk
Factors” and “Forward-Looking Information and Factors That May
Affect Future Results”, as well as in its subsequent reports on
Form 8-K, all of which are filed with the U.S. Securities and
Exchange Commission and available at http://www.sec.gov/ and
www.ltbridge.com.
Investor Relations Contact:Matthew
AbenanteDirector of Investor RelationsTel: 646-828-8710
ir@ltbridge.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/48c29e8f-f316-4529-9e31-e57e8954fbc6
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