Lightbridge CEO Seth Grae to Participate at the Virginia Energy Workforce Consortium’s Energy Workforce Development Pathways Summit
October 14 2021 - 8:00AM
Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel
technology company, today announced that Seth Grae, President and
Chief Executive Officer of Lightbridge Corporation, will
participate at the Virginia Energy Workforce Consortium’s Energy
Workforce Development Pathways Summit on Thursday, October 21, from
9:00 am – 1:00 pm ET.
Mr. Grae will join a panel discussion on
The Evolving Workforce of Virginia’s Energy
Economy from 9:30 am – 10:20 am ET.
The Energy Workforce Development Pathways Summit
will focus on Virginia’s energy workforce, which will need to grow
and evolve in order to reach the ambitious objectives established
in the Virginia Clean Economy Act, which was passed in the 2020
Virginia Legislature. In addition, Virginia’s thriving defense
industry companies, advanced manufacturing, and services
capabilities are driving energy employment toward a very bright
future. The summit will bring together educators, energy industry
representatives, community organizations, and policymakers at all
levels of government to discuss the changing nature of work in
Virginia’s rapidly evolving energy industry as well as current and
future energy sector workforce needs, culminating in the
publication of the Virginia Energy Workforce Roadmap to 2045.
For more information on this event, please
visit: http://virginia.getintoenergy.com/event/
About the Virginia Energy Workforce
Consortium
The Virginia Energy Workforce Consortium (VEWC)
was formed in 2007 to engage energy companies and utilities in
strategic, unified, and results-oriented efforts to ensure a
skilled, qualified, and diverse workforce to meet future industry
needs throughout the Commonwealth. VEWC members include
representatives from electric, natural gas, renewable energy, and
utility companies; contractors; organized labor unions; industry
associations; secondary and postsecondary educational institutions;
the public workforce system; and local, regional, and state
government agencies. To learn more about the VEWC, please visit:
https://virginia.getintoenergy.com/.
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. Lightbridge is included in
the Russell Microcap® Index. For more information, please visit:
www.ltbridge.com.
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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 31st, 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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