Lightbridge to Hold Business Update & Third Quarter 2022 Earnings Webcast on Monday, October 31, 2022, at 4 pm ET

Rhea-AI Summary

Lightbridge Corporation (NASDAQ: LTBR) will announce its third-quarter financial results on October 27, 2022, following market close. A live webcast to discuss these results will occur on October 31, 2022, at 4 PM ET. The company is known for its innovative nuclear fuel technology, specifically Lightbridge Fuel™, aimed at enhancing safety and efficiency in nuclear applications. Notably, Lightbridge has received recognition and support from the U.S. Department of Energy. The company is included in the Russell Microcap® Index, bolstering its market credibility.

Positive

• Awarded twice by the U.S. Department of Energy for Lightbridge Fuel™ development.
• Development of proprietary Lightbridge Fuel™ enhances nuclear safety and economics.
• Included in the Russell Microcap® Index, indicating market significance.

Negative

• None.

RESTON, Va., Oct. 24, 2022 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel technology company, today announced that it will release its financial results for the third quarter ended September 30, 2022, after the market closes on Thursday, October 27th, 2022. Lightbridge will host a live webcast on Monday, October 31st at 4 pm Eastern Time to discuss the Company's financial results and provide an update on its fuel development activities.

Interested parties can access the conference call on the Company’s website via the webcast at https://edge.media-server.com/mmc/p/ytsa6szw

To access the conference call by phone, please register at https://register.vevent.com/register/BI23013e43be934f81b21fa5494c99075b

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

Investors may submit written questions via e-mail to: ir@ltbridge.com.

The webcast will be archived on the Company’s website approximately two hours following the call.

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.

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.

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

Forward Looking Statements

With 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 timing and outcome of research and development activities, other steps to commercialize Lightbridge Fuel™ and future governmental support and funding for nuclear energy. 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, including small modular 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 the further spread of COVID-19, including the ultimate impact of COVID-19 on people, economies, and the Company’s ability to access capital markets; risks associated with war in Europe; risks associated with limited availability of conversion and enrichment services for nuclear fuel production; 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, 2021, 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, IRC
Director of Investor Relations
Tel: +1 (646) 828-8710
ir@ltbridge.com

FAQ

When will Lightbridge Corporation release its Q3 2022 financial results?

Lightbridge Corporation will release its Q3 2022 financial results on October 27, 2022, after market close.

What is Lightbridge Corporation's stock symbol?

Lightbridge Corporation's stock symbol is LTBR.

When is the webcast to discuss Lightbridge's financial results?

The live webcast to discuss Lightbridge's financial results will be held on October 31, 2022, at 4 PM ET.

What is Lightbridge Fuel™?

Lightbridge Fuel™ is an advanced nuclear fuel technology developed by Lightbridge Corporation aimed at improving safety and efficiency in nuclear reactors.