Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel
technology company, today announced the appointment of Sherri
Goodman as a new independent director to Lightbridge's Board of
Directors. Ms. Goodman will chair the newly constituted Energy
Security and National Security Committee.
Ms. Goodman is an experienced leader, senior
executive, lawyer, and director focused on national security,
climate change, energy, science, and the environment. Ms. Goodman
is credited with educating a generation of U.S. military and
government officials about the nexus between climate change and
national security, using her famous coinage, “threat multiplier,”
to fundamentally reshape the national discourse on the topic. Ms.
Goodman serves as Secretary General of the International Military
Council on Climate & Security and as Chair of the Energy and
Homeland Security External Advisory Board of Sandia National
Laboratories. A former first Deputy Undersecretary of Defense
(Environmental Security) and staff member on the Senate Armed
Services Committee, Ms. Goodman has founded, led, or advised nearly
a dozen research organizations on environmental and energy matters,
national security, and public policy.
“We are pleased to welcome Sherri Goodman to the
Lightbridge Board,” commented Seth Grae, President and CEO of
Lightbridge. “As a highly respected leader in the fields of
national security, energy, and environment across the public and
private sectors, she will strengthen our Board’s depth of expertise
and diversity of thought. A continuing priority for Lightbridge is
ensuring we have the right Board to guide the Company’s strategy
and oversee our ambitious goals of fueling nuclear energy’s
future.”
“In addition, we are pleased to announce the
formation of our Energy Security and National Security Committee,
which reflects our view that nuclear power plays a central role in
energy security and national security worldwide, which will be an
integral part of our long-term commercial strategy. The Energy
Security and National Security Committee will assist the Board in
providing deeper insights into how energy supply choices affect
national security. These issues include energy supply disruptions,
price volatility, reliance on mining in other countries, and
geopolitical conflicts that threaten economic, political, and
social stability, defense capabilities, and other relevant and
material issues to Lightbridge,” concluded Mr. Grae.
Commenting on her appointment, Ms. Goodman
stated, “I am glad to join Lightbridge’s Board of Directors during
such an exciting time for the Company. I have admired Lightbridge’s
approach to partnering with the private and public sectors to
advance its fuel development efforts across government, industry,
and academia. I am gratified to lend my expertise to the Board and
management of Lightbridge, and I look forward to partnering with
the Board and the leadership team to continue revolutionizing
nuclear fuel.”
About Sherri GoodmanSherri
Goodman serves as Vice-Chair of the U.S. Secretary of State’s
International Security Advisory Board (ISAB) and on the EXIM Bank's
Council on Climate. She is also the Secretary General of the
International Military Council on Climate & Security (IMCCS),
representing over 40 military and national security organizations
addressing the security risks of a changing climate. She is
credited with educating a generation of U.S. military and
government officials about the nexus between climate change and
national security, using her famous coinage, “threat multiplier,”
to fundamentally reshape the national discourse on the topic. She
is a Senior Fellow at the Woodrow Wilson International Center’s
Polar Institute and Environmental Change & Security Program and
a Senior Strategist at the Center for Climate & Security.
Ms. Goodman chairs the Council on Strategic
Risks Board and the External Advisory Board on Energy and Homeland
Security for Sandia National Laboratories. She serves on the
Climate Council of the US EXIM Bank and the National Academies
Advisory Board of the U.S. Global Change Research Program. She
serves as a U.S. Board Director for the SSA operated by Schneider
Electric Building Critical Systems, Inc. Ms. Goodman is a Board
Director of the Atlantic Council and a Life Member of the Council
on Foreign Relations.
Ms. Goodman served as the first Deputy
Undersecretary of Defense (Environmental Security) (1993-2001),
responsible for environmental, energy, safety, and occupational
health for the U.S. Department of Defense. Ms. Goodman established
the Department's first environmental, safety, and health
performance metrics and led its energy, environmental, and natural
resource conservation programs. Overseeing the President’s plan for
revitalizing base closure communities, she ensured that 80% of the
property became available for transfer and reuse. She led the
Secretary of Defense’s Arctic Military Environmental Cooperation
program, which developed a container for storage of spent nuclear
fuel for liquid waste from Russian nuclear submarines. Ms. Goodman
served on the Senate Armed Services Committee staff, overseeing the
Department of Energy’s nuclear weapons complex, including research
and development of nuclear materials and national labs and
environmental cleanup and management. She has practiced law at
Goodwin Procter as a litigator and environmental attorney and has
worked at RAND and SAIC.
Ms. Goodman has received numerous honors and
awards, including an Honorary Doctorate from Amherst College in
2018, the Department of Defense Distinguished Service Award in 1998
and 2001, the Gold Medal Award from the National Defense Industrial
Organization in 1996, and the Environmental Protection Agency’s
Climate Change Award in 2000. A graduate of Amherst College, she
has degrees from Harvard Law School and Harvard Kennedy School.
About Lightbridge
CorporationLightbridge Corporation (NASDAQ: LTBR) is
focused on developing advanced nuclear fuel technology essential
for delivering abundant, zero-emission, clean energy and providing
energy security to the world. The Company is developing Lightbridge
Fuel™, a proprietary next-generation nuclear fuel technology for
existing light water reactors and pressurized heavy water reactors,
significantly enhancing reactor safety, economics, and
proliferation resistance. The Company is also developing
Lightbridge Fuel for new Small Modular Reactors (SMRs) to bring the
same benefits plus load-following with renewables on a zero-carbon
electric grid. Lightbridge has secured a long-term strategic
partnership with Idaho National Laboratory (INL), the United
States' lead nuclear energy research and development laboratory, in
collaboration with the U.S. Department of Energy (DOE). DOE’s
Gateway for Accelerated Innovation in Nuclear (GAIN) program has
twice awarded Lightbridge to support the development of Lightbridge
Fuel. An extensive worldwide patent portfolio backs Lightbridge’s
innovative fuel technology. Lightbridge is included in the Russell
Microcap® Index. For more information, please visit
www.ltbridge.com.
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Forward Looking StatementsWith 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 benefits of Lightbridge Fuel™ in existing
light water reactors, pressurized heavy water reactors and SMRs.
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; 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 war in Europe; 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, 2022 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 (347) 947-2093
ir@ltbridge.com
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