Lightbridge to Participate at the HALEU Workshop Webinar hosted by GAIN, EPRI and NEI on Wednesday, April 29th, 2020
April 24 2020 - 8:00AM
Lightbridge Corporation (NASDAQ: LTBR), an advanced nuclear fuel
technology company, today announced that Dr. James Malone, Senior
Vice President, Chief Nuclear Fuel Development Officer of
Lightbridge, will present at the High-Assay Low-Enriched (HALEU)
Webinar on Wednesday, April 29th, 2020, hosted by the US Department
of Energy’s Gateway for Accelerated Innovation in Nuclear (GAIN)
program, the Electric Power Research Institute (EPRI) and the
Nuclear Energy Institute (NEI).
Dr. Malone’s
presentation will include an overview of Lightbridge Fuel™
advanced nuclear fuel
technology, consisting of a metallic HALEU fuel for power up-rates
and longer fuel cycles that can be used in existing or new PWR,
BWR, VVER, CANDU, and water-cooled SMR plants. Lightbridge Fuel™
has demonstrated enhanced economics and reduces used fuel volume,
while improving safety and enhancing proliferation resistance.
The HALEU Webinar comes days after the Nuclear
Fuel Working Group released its report outlining a package of
policy measures to support American nuclear technologies, including
funding research and development for HALEU. The Department of
Energy has demonstrated unprecedented leadership in support of
HALEU and HALEU infrastructure research and development, to ensure
that HALEU facilities and equipment are quickly licensed.
The purpose
of the HALEU Webinar will be to inform stakeholders on the status
and challenges associated with HALEU for fuel fabrication and
reactor development. The webinar will cover the following aspects
of HALEU supply with a focus on the 10-20% enrichment
range:
- Anticipated demand and timeline projections for
HALEU
- Enrichment, conversion, and deconversion
- Transportation needs
- Legislative and regulatory issues
For more
information, please visit
https://gain.inl.gov/SitePages/HALEU_Workshop.aspx
About Lightbridge Corporation
Lightbridge (NASDAQ: LTBR) is an advanced
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. Lightbridge
invented, patented and has independently validated the technology.
The Company has assembled a world class development team including
veterans of leading global fuel manufacturers. Four large electric
utilities that generate about half the nuclear power in the US
advise Lightbridge on fuel development and deployment. The Company
plans to operate under a licensing and royalty model, independently
validated and based on the increased power generated by
Lightbridge-designed fuel and 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:
Porter, LeVay & Rose, Inc.Matthew AbenanteTel: 212-564-4700
ir@ltbridge.com
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