Lightbridge Corporation Reminds Stockholders to Vote at the Upcoming Annual Meeting

Rhea-AI Summary

Lightbridge Corporation (Nasdaq: LTBR) reminds shareholders to vote their proxies for the upcoming annual meeting on October 27, 2022. The Board recommends voting in favor of all proposals. President and CEO Seth Grae acknowledged strong support but noted that participation is slightly below the threshold for a majority vote due to changes in broker practices on proxy voting. He urged all shareholders to vote, emphasizing the unanimous backing from leading advisory firms for the proposed amendment to the Company’s Articles of Incorporation.

Positive

• Unanimous support from three independent proxy advisory firms for the proposed amendment.
• High level of support shown by shareholders for the proxy vote.

Negative

• Voting participation is below the majority threshold due to broker changes, risking rejection of proposals.

RESTON, Va., Oct. 21, 2022 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel technology company, reminds stockholders to vote their proxies in advance of the annual meeting, which will be held on Thursday, October 27, 2022, at 11:00 a.m. ET. The Lightbridge Board of Directors unanimously recommends that shareholders vote in favor of all proposals.

Your Vote is Important – Please Vote Today

No Matter How Many or How Few Shares You Own

Seth Grae, President and CEO of Lightbridge, commented, “I appreciate the support from Lightbridge’s shareholders for participating in the proxy vote for our upcoming Annual Meeting of Stockholders. Today, all the proposals submitted for shareholder approval are winning at a large level of support. However, due to certain brokers eliminating the practice of issuing discretionary voting at shareholders' meetings, we are still a bit short of the stockholder vote participation threshold to achieve a majority vote of all issued and outstanding stock on the proposed amendment to the Company's Articles of Incorporation, which has unanimous support from the three leading, independent proxy advisory firms - Institutional Shareholder Services (ISS), Glass Lewis and Co, LLC, and Egan-Jones & Co. I urge all our shareholders to vote their proxy, no matter how many shares you own.”

For assistance with voting your shares, please contact Advantage Proxy, Inc. toll-free at 1-877-870-8565 or by e-mail at ksmith@advantageproxy.com.

The proxy materials for the Annual Meeting can be found online at https://materials.proxyvote.com/default.aspx?ticker=53224K.

Important Information
This communication may be deemed to be solicitation material in connection with the proposals to be considered at the Annual Meeting. In connection with the proposals, the Company filed a definitive proxy statement on Schedule 14A with the U.S. Securities and Exchange Commission (the “SEC”) on August 31, 2022. Shareholders are urged to read the definitive proxy statement and all other relevant documents filed with the SEC because they contain important information about the proposals. An electronic copy of the definitive proxy statement is available on the Company’s website at www.ltbridge.com/investors and on the Company’s EDGAR profile at www.sec.gov.

About Lightbridge Corporation
Lightbridge (NASDAQ: LTBR) is an advanced nuclear fuel technology development company positioned to enable carbon-free energy applications that will be essential in preventing climate change. The Company is developing Lightbridge Fuel™, a proprietary next-generation nuclear fuel technology for small modular reactors, as well as existing large light-water reactors, which significantly enhances safety, economics, and proliferation resistance. To date, Lightbridge has been awarded twice by the U.S. Department of Energy’s Gateway for Accelerated Innovation in Nuclear program to support development of Lightbridge Fuel™. Lightbridge’s innovative fuel technology is backed by an extensive worldwide patent portfolio. Lightbridge is included in the Russell Microcap® Index. For more information, please visit: www.ltbridge.com.

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Lightbridge is on Twitter. Sign up to follow @LightbridgeCorp at http://twitter.com/lightbridgecorp.

For an introductory video on Lightbridge, please visit www.ltbridge.com or click here to watch the video.

Investor Relations Contact:
Matthew Abenante, IRC
Director of Investor Relations
Tel: +1 (646) 828-8710
ir@ltbridge.com

FAQ

What is the date of Lightbridge Corporation's annual meeting in 2022?

The annual meeting is scheduled for October 27, 2022.

What proposals are shareholders voting on at the Lightbridge meeting?

Shareholders are voting on several proposals, all recommended by the Board of Directors.

Why is shareholder voting important for Lightbridge Corporation?

Shareholder voting is crucial to achieve a majority vote for the proposed amendment to the Company's Articles of Incorporation.

What support have the proposals received from proxy advisory firms?

The proposals have unanimous support from leading advisory firms: ISS, Glass Lewis, and Egan-Jones.

How can shareholders vote their proxies for Lightbridge Corporation?

Shareholders can vote their proxies by contacting Advantage Proxy, Inc. at 1-877-870-8565.