Lightbridge Announces Voting is Open, Urges Stockholders to Vote Now "FOR" Each Proposal at Upcoming Annual Meeting
September 12 2022 - 8:00AM
Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel
technology company, today reminded stockholders that the virtual
Annual Meeting of Stockholders is scheduled for Thursday, October
27, 2022, at 11:00 a.m., Eastern Time and urges all stockholders to
vote now. Stockholders are advised that because one of the voting
proposals involves a proposed amendment to the Company’s Articles
of Incorporation, the holders of a majority of outstanding shares
of common stock must approve such a proposal.
Your Vote is Important - No Matter How
Few or Many Shares You Own
For assistance with voting your shares, please
contact Advantage Proxy, Inc. toll-free at 1-877-870-8565 or by
e-mail at ksmith@advantageproxy.com.
The proxy materials for the Annual Meeting can
be found online at
https://materials.proxyvote.com/default.aspx?ticker=53224K.
Seth Grae, President & Chief Executive
Officer of Lightbridge Corporation, commented, “The benefits of
nuclear energy have come into focus over the last year like never
before. The global growth of energy demand and the need for
national energy security continue to drive momentum towards more
nuclear industry-friendly policy decisions. Countries and companies
worldwide are setting targets for achieving net-zero carbon
emissions. The International Atomic Energy Agency estimates that
reaching net-zero emissions will require more than doubling current
nuclear power generating capacity.”
“Lightbridge is helping lead the way. We are
making significant progress in developing Lightbridge Fuel™, which
will drive shareholder value creation, but there is still much work
to do. With your support, we are confident that Lightbridge will
play a central role in the significant growth of nuclear power to
meet energy security and climate goals. By voting “For” the
proposals in the Annual Meeting proxy, we will be able to continue
our progress,” concluded Mr. Grae.
Important InformationThis
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 August 31, 2022. 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
CorporationLightbridge (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 large light-water
reactors, which significantly enhances safety, economics, and
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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For an introductory video on Lightbridge, please visit
www.ltbridge.com or click here to watch the video.
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 anticipated growth in the demand
for nuclear energy, the timing and outcome of research and
development activities and other steps to commercialize Lightbridge
Fuel™. 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; risks associated
with war in Europe; risks associated with limited availability of
conversion and enrichment services for nuclear fuel production;
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, 2021, 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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