Lightbridge CEO Seth Grae Reappointed to Civil Nuclear Trade Advisory Committee (CINTAC) to U.S. Secretary of Commerce
April 28 2023 - 8:00AM
Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel
technology company, is pleased to announce that U.S. Secretary of
Commerce Gina Raimondo has reappointed Lightbridge President and
CEO Seth Grae to the Civil Nuclear Trade Advisory Committee
(CINTAC) as a representative from Lightbridge Corporation and of
small business companies in the U.S. nuclear energy sector,
effective immediately. As a member of CINTAC, Mr. Grae participates
in the committee’s duty to advise Secretary Raimondo on developing
and administering programs and policies to expand U.S. exports of
civil nuclear goods and services.
CINTAC is composed of private-sector
representatives from the nuclear power industry. CINTAC meets
periodically throughout the year to discuss the most pressing trade
issues facing the U.S. civil nuclear sector, contribute to policy
discussions, and work with government leaders.
President and CEO of Lightbridge Corporation,
Seth Grae, commented, “I am grateful for the opportunity to serve
again as a member of this prestigious committee that advises
Secretary Raimondo. This is an exciting time for our company and
the nuclear power industry. I look forward to contributing to
CINTAC supporting America's leadership position in developing and
deploying advances in nuclear technology.”
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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