Ambassador Thomas Graham, Jr. Appointed As Chairman Emeritus of Lightbridge Corporation
April 18 2024 - 8:00AM
Lightbridge Corporation (“Lightbridge”) (Nasdaq: LTBR), an advanced
nuclear fuel technology company, today announced that Ambassador
Thomas Graham, Jr. will be retiring as Executive Chairman and
director of Lightbridge effective as of the upcoming Annual Meeting
of Shareholders. Ambassador Graham has been appointed Chairman
Emeritus.
“I am honored to accept the appointment as
Chairman Emeritus of Lightbridge,” said Ambassador Graham.
“Throughout my tenure as Chairman, I have been continually inspired
by our team's dedication and innovation in the pursuit of advancing
nuclear fuel technology. I am excited to continue contributing to
Lightbridge's mission in this new capacity. The journey we are on
is critical for the future of clean, sustainable, and secure energy
worldwide. I am grateful for the opportunity to remain part of this
incredible team and look forward to supporting Lightbridge's growth
and success.”
Seth Grae, President & Chief Executive
Officer of Lightbridge, commented, “We are grateful for Tom’s
extraordinary service as Chairman of Lightbridge. As he transitions
to the role of Chairman Emeritus, we look forward to continuing to
benefit from his wisdom and guidance. Tom's legacy is not only
etched in the history of global arms control and non-proliferation
but also deeply interwoven with the strides we've made in advancing
nuclear energy. On behalf of everyone at Lightbridge, I extend our
heartfelt thanks for his dedication and congratulate him on this
well-deserved appointment.”
Ambassador Thomas Graham Jr. boasts a
distinguished career spanning several decades in the realm of arms
control and non-proliferation, serving in pivotal roles within the
U.S. Arms Control and Disarmament Agency from 1970 to 1997.
Throughout his tenure, he was instrumental in every major arms
control and non-proliferation negotiation the United States
participated in, including the SALT I, SALT II, and START
negotiations, alongside discussions on test bans, conventional
armed forces in Europe, and chemical and biological weapons.
Notably, he played a critical role in the successful conclusion of
the Comprehensive Test Ban Treaty negotiations in 1996.
Appointed by President Clinton as Special
Representative of the President for Arms Control,
Non-Proliferation, and Disarmament in 1994, Graham led the
successful U.S. efforts to indefinitely extend the Nuclear
Non-Proliferation Treaty in Force. His expertise was also sought
internationally, as evidenced by his advisory role in the United
Arab Emirates' peaceful nuclear energy program from 2009 to 2016,
aimed at upholding the highest standards of safety, security,
non-proliferation, and sustainability.
An esteemed educator, Ambassador Graham has
lectured at prestigious institutions, including Stanford
University, the University of Virginia, and Georgetown University,
and is an accomplished author of 13 books on arms control and
nuclear power. His academic background includes an A.B. from
Princeton University and a J.D. from Harvard Law School. His
contributions to diplomacy and arms control have been recognized
with numerous awards, including the Trainor Award for Distinction
in Diplomacy from Georgetown University and the World Order under
Law Award from the American Bar Association. From 2019 to 2024, he
served as Co-chairman of the Nuclear Energy and National Security
Coalition, further highlighting his ongoing influence in the
field.
About Lightbridge
Corporation Lightbridge 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 entered into two long-term
framework agreements with Battelle Energy Alliance LLC, the United
States Department of Energy’s operating contractor for Idaho
National Laboratory, the United States' lead nuclear energy
research and development laboratory. DOE’s Gateway for Accelerated
Innovation in Nuclear program has twice awarded Lightbridge to
support the development of Lightbridge Fuel over the past several
years. Lightbridge is participating in two university-led studies
through the DOE Nuclear Energy University Program at Massachusetts
Institute of Technology and Texas A&M University. 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
Statements With the exception of historical matters,
the matters discussed herein are forward-looking statements. 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: Lightbridge’s
ability to commercialize its nuclear fuel technology; the degree of
market adoption of Lightbridge’s product and service offerings;
Lightbridge’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;
Lightbridge’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 Lightbridge’s
fuel development timeline; the increased costs associated with
metallization of Lightbridge’s 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 Lightbridge’s business; development and
utilization of, and challenges to, Lightbridge’s 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 (the “SEC”). 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, 2023, and in its other filings with
the SEC, 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, IRC Director of
Investor RelationsTel: +1 (347) 947-2093ir@ltbridge.com
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