Lightbridge Corporation Announces Postponement of Annual Meeting of Shareholders
May 26 2021 - 06:00PM
Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel
technology company, today announced that it is postponing its
Annual Meeting of Stockholders (the “Meeting”) to
Monday,
June 28, 2021 at 11am ET to provide its shareholders with
additional time to vote on the proposals submitted for shareholder
approval at the Meeting. Shareholders are advised that because one
of the proposals involves proposed amendments to the Company’s
Articles of Incorporation, the holders of a majority of the
outstanding shares of Lightbridge common stock must approve such
proposal.
The record date for determining the shareholders
eligible to vote at the Meeting will remain the close of business
on March 29, 2021. Shareholders who have already submitted a proxy
do not need to vote again for the postponed Meeting rescheduled for
Monday, June 28, 2021 at 11am ET at
www.virtualshareholdermeeting.com/LTBR2021, as the
proxies submitted will remain valid.
The Lightbridge Board of Directors unanimously
recommends that shareholders vote in favor of all proposals.
Your Vote is Important - No Matter How
Many or How Few Shares You Own
For assistance with voting your shares please
contact Advantage Proxy, Inc. toll free at 1-877-870-8565, collect
at 1-206-870-8565 or by email to ksmith@advantageproxy.com.
Lightbridge shareholders who require assistance with voting their
shares or have questions may contact the Company by email at
ir@ltbridge.com.
Shareholders who have already submitted proxies
and want to change their proxy can update their vote at any time
before the votes are cast at the Meeting. Your vote will be
recorded at the Meeting in accordance with your most recently
submitted proxy.
Important Information
This communication may be deemed to be
solicitation material in connection with the proposals to be
considered at the Meeting. In connection with the proposals, the
Company filed a definitive proxy statement
on Schedule 14A with the U.S. Securities and
Exchange Commission (the “SEC”) on April 7, 2021. Shareholders are
urged to read the definitive proxy statement and all other relevant
documents filed with the SEC because they contain important
information about the proposals. An electronic copy of the
definitive proxy statement is available on the Company’s website at
www.ltbridge.com/investors and on the Company’s EDGAR profile at
www.sec.gov.
About Lightbridge
Corporation
Lightbridge (NASDAQ: LTBR) is an advanced
nuclear fuel technology development company positioned to enable
carbon-free energy applications that will be essential in
preventing climate change. The Company is developing Lightbridge
Fuel™, a proprietary next-generation nuclear fuel technology for
Small Modular Reactors, as well as existing light-water reactors,
which significantly enhances reactor safety, economics, and fuel
proliferation resistance. To date, Lightbridge has been awarded
twice by the U.S. Department of Energy’s Gateway for Accelerated
Innovation in Nuclear program to support development of Lightbridge
Fuel™. Lightbridge’s innovative fuel technology is backed by an
extensive worldwide patent portfolio. For more information, please
visit: www.ltbridge.com.
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at https://www.ltbridge.com/investors/news-events/email-alerts
Lightbridge is on Twitter. Sign up to follow
@LightbridgeCorp at http://twitter.com/lightbridgecorp.
Forward Looking Statements
With the exception of historical matters, the
matters discussed herein 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; the Company’s ability to fund general corporate overhead
and outside research and development costs; market competition; our
ability to attract and retain qualified employees; dependence on
strategic partners; demand for fuel for nuclear reactors, including
small modular reactors; the Company's ability to manage its
business effectively in a rapidly evolving market; the availability
of nuclear test reactors and the risks associated with unexpected
changes in the Company’s fuel development timeline; the increased
costs associated with metallization of our nuclear fuel; public
perception of nuclear energy generally; 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; changes in the
laws, rules and regulations governing the Company’s business;
development and utilization of, and challenges to, our intellectual
property; risks associated with potential shareholder activism;
potential and contingent liabilities; as well as other factors
described in Lightbridge's filings with the 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, 2020 and in its other filings with
the Securities and Exchange Commission, including in the sections
thereof captioned “Risk Factors” and “Forward-Looking Statements”,
all of which are available at http://www.sec.gov/ and
www.ltbridge.com.
Investor Relations Contact:Matthew Abenante,
IRCDirector of Investor Relations Tel: +1 (646) 828-8710
ir@ltbridge.com
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