Lightbridge Corporation to Hold Virtual 2020 Annual Meeting of Stockholders
August 25 2020 - 4:05PM
Lightbridge Corporation (Nasdaq: LTBR) today announced that due to
the public health impact of the novel coronavirus (COVID-19)
pandemic and to protect the health and well-being of its
stockholders, employees, and the broader community, Lightbridge
will hold its 2020 Annual Meeting of Stockholders in a virtual
meeting format only, via live webcast. The Annual Meeting will be
held on Thursday, September 3, 2020 beginning at 11:00 a.m.
(Eastern Time).
Stockholders as of the close of business on July
15, 2020 will be able to attend the virtual Annual Meeting and vote
their shares during the meeting by visiting
http://www.virtualshareholdermeeting.com/LTBR2020 and entering
the 16-digit control number that was included in their proxy card
or voting instruction form. Stockholders are encouraged to access
the virtual Annual Meeting prior to its start time. Online access
will begin at 10:45 a.m. (Eastern Time).
Whether or not stockholders plan to attend the
virtual Annual Meeting, we urge all stockholders to vote promptly
and in advance of the meeting by using one of the methods described
in the proxy materials. For additional information regarding
accessing and participating in the virtual Annual Meeting, please
refer to Lightbridge's proxy materials filed with the Securities
and Exchange Commission on July 27, 2020.
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 Abenante, IRCDirector of Investor
Relations Tel: +1 (646) 828-8710 ir@ltbridge.com
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