Lightbridge CEO Seth Grae to Participate in Panel Discussion at COP28
05 December 2023 - 2:45AM
Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel
technology company, today announced its President & Chief
Executive Officer Seth Grae will participate in a panel called “the
Necessary Role of Nuclear Energy in the Energy Transition” on
Tuesday, December 5 at 13:40 GST (4:40 am ET) at the 28th United
Nations Climate Change Conference (COP28), at the Technology &
Innovation Hub 2 in the Green Zone.
Joining Mr. Grae on the panel will be Maví
Zingoni, CEO of Power at GE Vernova. The panel will be moderated by
award-winning Al Arabiya News Channel Senior Producer and Presenter
of the weekly 'The Future Of Energy' show, Naser El Tibi.
The panel discussion will focus on the critical
contribution of nuclear energy to the transition towards
sustainable energy sources, offering an in-depth exploration of the
future prospects of nuclear power, highlighting groundbreaking
technologies and innovations with the potential to significantly
transform the global energy paradigm.
The panel discussion comes at a historic time
for the nuclear industry. On Saturday, December 2, the United
States joined leaders and ministers from four continents to
announce the Declaration to Triple Nuclear Energy, which recognizes
the key role of nuclear energy in achieving global net-zero
greenhouse gas emissions by 2050 and keeping the 1.5-degree Celsius
goal within reach. The Declaration also highlights the need for
secure supply chains and encourages shareholders of the World Bank,
international financial institutions, and regional development
banks to include nuclear energy in their lending policies.
Endorsing countries include Bulgaria, Canada, Czech Republic,
Finland, France, Ghana, Hungary, Japan, Moldova, Mongolia, Morocco,
The Netherlands, Poland, Republic of Korea, Romania, Slovakia,
Slovenia, Sweden, Ukraine, United Arab Emirates, United Kingdom,
and the United States.
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 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, DOE’s
operating contractor for Idaho National Laboratory (INL), the
United States' lead nuclear energy research and development
laboratory. DOE’s Gateway for Accelerated Innovation in Nuclear
(GAIN) 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 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 MIT and Texas A&M studies relating thereto
and the outcome of the Romania study with respect to CANDU
reactors. 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
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