Lightbridge Schedules Third Quarter 2018 Earnings & Business Update Conference Call
November 14 2018 - 8:00AM
Lightbridge to provide update on status of grant
applications
Lightbridge Corporation (NASDAQ: LTBR), a nuclear fuel technology
development company, today announced that it will host a conference
call on Friday, November 16th at 9:30 a.m. Eastern Time to discuss
the company's financial results for the third quarter ending
September 30, 2018, as well as the Company's corporate progress and
other meaningful developments. The Company will also provide
an update on its current and planned grant applications.
The Company was notified yesterday that its
recent grant application to the U.S. Department of Energy (DOE) was
not approved, which is not uncommon for first time
applicants. However, based on feedback the Company received,
it plans to address the deficiencies and reapply by the January 31,
2019 deadline. In the meantime, the Company continues to
advance its fuel development efforts, including ongoing activities
through the Enfission joint venture.
Interested parties can access the conference
call by calling 877-407-0778 for U.S. callers, or +1-201-689-8565
for international callers. The call will be available on the
Company’s website via webcast at http://ir.ltbridge.com/events.cfm.
The conference call will be led by Seth Grae, President and Chief
Executive Officer and other Lightbridge executives will also be
available to answer questions. Questions may also be submitted in
writing before or during the conference call to
ir@Ltbridge.com.
A webcast will also be archived on the Company’s
website and a telephone replay of the call will be available
approximately one hour following the call, through 9:30 a.m. on
December 16, 2018, and can be accessed by calling: 877-481-4010
(U.S. callers) or +1-919-882-2331 (international callers) and
entering conference ID: 41238.
About Lightbridge Corporation
Lightbridge (NASDAQ: LTBR) is a nuclear fuel
technology development company based in Reston, Virginia, USA. The
Company develops proprietary next generation nuclear fuel
technologies for current and future reactors, which significantly
enhances the economics and safety of nuclear power, operating about
1000° C cooler than standard fuel. In January 2018, Lightbridge and
Framatome, Inc. formed a 50-50 joint venture, Enfission, LLC, to
develop, license, manufacture, and sell nuclear fuel assemblies
based on Lightbridge-designed metallic fuel technology and other
advanced nuclear fuel intellectual property. Enfission has the
exclusive rights to this technology and is responsible for the
development of manufacturing processes and fuel assembly designs
for pressurized water reactors (PWRs), boiling water reactors
(BWRs), water-cooled small modular reactors, and water-cooled
research reactors developed around this intellectual property. PWRs
and BWRs constitute the most widely used reactor types in the
world. Four large electric utilities that generate about half the
nuclear power in the US already advise Lightbridge on fuel
development and deployment. In addition to distributions from
Enfission based on the parties’ ownership interest in the joint
venture, Lightbridge anticipates receiving future licensing
revenues in connection with sales by Enfission of nuclear fuel
incorporating its intellectual property. Lightbridge also provides
comprehensive advisory services for established and emerging
nuclear programs based on a philosophy of transparency,
non-proliferation, safety and operational excellence. For more
information please visit: www.ltbridge.com.
To receive Lightbridge Corporation updates via e-mail, subscribe
at http://ir.ltbridge.com/alerts.cfm .
Lightbridge is on Twitter. Sign up to follow @LightbridgeCorp at
http://twitter.com/lightbridgecorp.
Investor Relations Contact:David
Waldman/Natalya RudmanTel. +1 855-379-9900ir@ltbridge.com
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