Lightbridge holds business update and first quarter 2024

RESTON, Va., May 1, 2024 (GLOBE NEWSWIRE) — Lightbridge Corporation (“Lightbridge”) (Nasdaq: LTBR), an advanced nuclear fuel technology company, will report its financial results for the first quarter of fiscal 2024 on Thursday, May 9^e after the market closes. Lightbridge will host a conference call with the investment community on Friday, May 10 at 11 a.m. ET to discuss the company’s financial results and provide an update on its fuel development activities.

CONFERENCE CALL & AUDIO WEBCAST

The conference call will be moderated by Seth Grae, President and Chief Executive Officer, with other Lightbridge executives available to answer questions.

Investors can submit written questions by email to: [email protected] before May 8.

To access the conversation by telephone, you must register via this link (registration link). You will then receive the dial-in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes prior to the scheduled start time. The webcast can be accessed via the following link (webcast).

A webcast replay is also available for a limited time at the following link (webcast replay).

About Lightbridge Corporation
Lightbridge Corporation (NASDAQ: LTBR) is focused on developing advanced nuclear fuel technology essential to delivering abundant, emission-free, 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 improving reactor safety, economics and proliferation resilience. The company is also developing Lightbridge Fuel for new small modular reactors (SMRs) to provide the same benefits, plus load sequencing with renewables on a carbon-free grid.

Lightbridge has entered into two long-term framework agreements with Battelle Energy Alliance LLC, the U.S. Department of Energy’s executive contractor for the Idaho National Laboratory, the premier nuclear energy research and development laboratory in the United States. DOE’s Gateway for Accelerated Innovation in Nuclear program has awarded Lightbridge twice in recent years to support the development of Lightbridge Fuel. Lightbridge is participating in two university-led studies through the DOE Nuclear Energy University Program at the Massachusetts Institute of Technology and Texas A&M University. An extensive global patent portfolio supports 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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For an introductory video about Lightbridge, please visit www.ltbridge.com or click here to watch the video.

Forward-Looking Statements
Except for historical matters, the matters discussed herein are forward-looking statements. These statements are based on current expectations as of the date of this press release and involve a number of risks and uncertainties that could cause actual results to differ materially from such estimates. The risks include, but are not limited to: Lightbridge’s ability to commercialize its nuclear fuel technology; the degree of market acceptance of Lightbridge’s product and service offerings; Lightbridge’s ability to fund general corporate overhead and external research and development costs; competition in the market; our ability to attract and retain qualified employees; dependence on strategic partners; demand for fuel for nuclear reactors; Lightbridge’s ability to effectively manage its operations in a rapidly evolving marketplace; the availability of nuclear test reactors and the risks associated with unexpected changes to Lightbridge’s fuel development timeline; the increased costs associated with the metallization of Lightbridge’s nuclear fuel; public perception of nuclear energy in general; changes in the political environment; risks associated with war in Europe; changes in the laws, rules and regulations applicable to Lightbridge’s business; development and use 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 undertakes no obligation to update or revise any such forward-looking statements, whether as a result of new developments or otherwise, except as required by law. Readers are cautioned not to place undue reliance on forward-looking statements.

A further description of the 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 the sections thereof entitled “Risk Factors” and “Forward-Looking Statements,” all of which are available at http://www.sec.gov/ and www.ltbridge.com.

Contact person for Investor Relations:
Matthew Abenante, IRC
Director of Investor Relations
Tel: +1 (347) 947-2093
[email protected]