Lightbridge Applauds the Reintroduction of the Bipartisan Nuclear Fuel Security Act
04 Ottobre 2023 - 1:00PM
Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel
technology company, today recognizes the efforts of U.S.
Representatives Bob Latta (R-OH5) and Jim Clyburn (D-SC6) in
reintroducing the Nuclear Fuel Security Act to establish and expand
critical U.S. nuclear fuel programs to boost domestic uranium
mining, production, enrichment, and conversion capacity.
Seth Grae, President & Chief Executive
Officer of Lightbridge Corporation, commented, “We wholeheartedly
endorse the reintroduction of the Nuclear Fuel Security Act by
Representatives Bob Latta and Jim Clyburn. This pivotal legislation
underscores the importance of bolstering our nation's domestic
nuclear fuel capabilities. It is in the strong national security
interest of the United States to reduce reliance on Russian
conversion and enrichment of uranium. By focusing on domestic
uranium mining, enrichment, and conversion, we not only enhance
energy security but also pave the way for sustainable energy growth
and job creation. Lightbridge is eager to help the United States
achieve energy independence and resilience. We strongly urge that
the Senate take up this important legislation and pass it.”
The full text of the bill can be viewed by
clicking here:
https://latta.house.gov/UploadedFiles/LATTA_Nuclear_Fuel_Security_FINAL.pdf
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. 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.
To receive Lightbridge Corporation updates via
e-mail, subscribe at
https://www.ltbridge.com/investors/news-events/email-alerts
Lightbridge is on Twitter. Sign up to follow
@LightbridgeCorp at http://twitter.com/lightbridgecorp.
Lightbridge is on Threads @lightbridgecorp.
Lightbridge is on We Don’t Have Time. Join the dialogue at
https://app.wedonthavetime.org/profile/Lightbridge
For an introductory video on Lightbridge, please visit
www.ltbridge.com or click here to watch the video.
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 SMRs and
the outcomes of the study. 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 31, 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
Grafico Azioni Lightbridge (NASDAQ:LTBR)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Lightbridge (NASDAQ:LTBR)
Storico
Da Set 2023 a Set 2024