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RESTON, Va., Feb. 22, 2024 (Globe Newswire) — Lightbridge Corporation (“Lightbridge”) (Nasdaq: LTBR), an advanced nuclear fuel technology company, announced its fiscal year 2023 financial results on Wednesday, February. We will announce the results. After the market closed on the 28th. Lightbridge will host a conference call with the investment community on Thursday, February 29 at 10 a.m. Eastern Time to discuss the company’s financial results and provide an update on its fuel development activities.
Conference calls and audio webcasts
The conference call will be led by Seth Gray, president and chief executive officer, and other Lightbridge executives will also be available to answer questions.
Investors can submit written questions by February 28thth By email: ir@ltbridge.com.
To access the call by phone, follow this link (Registration link), the dial-in details are provided. We encourage participants to dial into the conference call 15 minutes before the scheduled start time to avoid delays. The webcast can be accessed via the following link (webcast).
A replay of the webcast will also be available for a limited time at the following link (Webcast replay).
About Lightbridge Co., Ltd.
Lightbridge Corporation (NASDAQ: LTBR) is focused on developing advanced nuclear fuel technologies essential to supplying the world with abundant, zero-emissions, clean energy and providing energy security. We are developing Lightbridge Fuel™, a unique next-generation nuclear fuel technology for existing light water and pressurized heavy water reactors that significantly increases reactor safety, economics and proliferation resistance. . The company is also developing light bridge fuels for new small modular reactors (SMRs) that offer the same benefits and load following with renewable energy in zero-carbon power grids.
Lightbridge has signed two long-term framework agreements with Battelle Energy Alliance, LLC, the operating contractor for the U.S. Department of Energy’s (DOE) U.S.-led nuclear research and development laboratory, Idaho National Laboratory (INL). The DOE’s Gateway to Acceleration of Nuclear Innovation (GAIN) program has twice awarded Lightbridge awards to support the development of Lightbridge fuels in the past few years. Lightbridge is participating in his two university-led research efforts at the Massachusetts Institute of Technology and Texas A&M University through the DOE Nuclear Energy University Program. Lightbridge’s innovative fuel technology is supported by an extensive global patent portfolio. Lightbridge is included in the Russell Microcap® Index. For more information, please visit www.ltbridge.com.
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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 news release and are subject to a number of risks and uncertainties that could cause actual results to differ materially from such expectations. Risks include, but are not limited to: Lightbridge’s ability to commercialize its nuclear fuel technology; the extent of market adoption of Lightbridge’s products and services; Lightbridge has the ability to fund the company’s general overhead costs and external 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 effectively manage its business in a rapidly evolving market; risks associated with the availability of nuclear test reactors and unanticipated changes in Lightbridge’s fuel development schedule; increased costs associated with Lightbridge’s nuclear fuel metallization; Public perception of nuclear energy. Changes in the political environment. Risks associated with war in Europe. changes in the laws, rules and regulations governing Lightbridge’s business; the development, use, and challenge of Lightbridge’s intellectual property; risks associated with the active activities of potential shareholders; Potential and Contingent Liabilities. as well as other factors described in Lightbridge’s filings with the Securities and Exchange Commission (“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 detailed 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, 2022 and other filings with the SEC (“Risk Factors” and ” (including the section entitled “Risk Factors”). “Forward-Looking Statements.” All of these can be found at http://www.sec.gov/ and www.ltbridge.com.
Investor information contact:
Matthew Avenante, IRC
Director of Investor Relations
Phone number: +1 (347) 947-2093
ir@ltbridge.com
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