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RESTON, Va., May 26, 2021 (GLOBE NEWSWIRE) – Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel technology company, announced today that it is postponing its annual general meeting (the “Convention”) to Monday, June 28, 2021 at 11 a.m. ET to give its shareholders additional time to vote on the proposals submitted for shareholder approval at the meeting. It is recommended to shareholders that the holders of a majority of the outstanding shares of Lightbridge common stock must approve this proposal as one of the proposals contains proposed amendments to the company’s articles of association.
The cut-off date for the determination of shareholders with voting rights in the meeting remains close of business on March 29, 2021. Shareholders who have already submitted a proxy do not have to vote again for the postponed meeting that has been postponed Monday, June 28, 2021 at 11 a.m. ET at the www.virtualshareholdermeeting.com/LTBR2021, as the powers of attorney submitted remain valid.
Lightbridge’s Board of Directors unanimously recommends that shareholders vote in favor of all proposals.
Your vote matters – no matter how many or how few stocks you own
For assistance voting on your stocks, please contact Advantage Proxy, Inc. toll-free at 1-877-870-8565, pick up at 1-206-870-8565, or email [email protected]. Lightbridge shareholders who need assistance voting on their shares or have any questions can email the company at [email protected].
Shareholders who have already submitted voting proxies and wish to change their voting rights can update their votes at any time before the votes are cast in the meeting. Your vote will be recorded in the meeting according to your last authorization submitted.
Important information
This communication can be viewed as promotional material in connection with the proposals to be considered at the meeting. In connection with the proposals, the Company filed a definitive letter of attorney in accordance with Appendix 14A with the US Securities and Exchange Commission on April 7, 2021. Shareholders are encouraged to read the final letter of attorney and all other relevant documents filed with the SEC because they contain important information about the proposals. An electronic copy of the final letter of attorney is available on the company’s website at www.ltbridge.com/investors and on the company’s EDGAR profile at www.sec.gov.
About the Lightbridge Corporation
Lightbridge (NASDAQ: LTBR) is an advanced nuclear fuel technology development company that enables carbon-free energy applications that are critical to preventing climate change. The company is developing Lightbridge Fuel ™, a proprietary next-generation nuclear fuel technology for small modular reactors as well as existing light water reactors that significantly improve reactor safety, economy and resistance to fuel proliferation. To date, Lightbridge has received two awards from the US Department of Energy’s Gateway for Accelerated Innovation in Nuclear program for supporting the development of Lightbridge Fuel ™. Lightbridge’s innovative fuel technology is supported by an extensive global patent portfolio. 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 within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the timing and outcome of research and development, further steps to commercialize Lightbridge Fuel ™, and future governmental statements Support and financing of nuclear energy. 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 those estimates. Risks include, but are not limited to: the company’s ability to commercialize its nuclear fuel technology; the degree of market acceptance of the company’s product and service offerings; the company’s ability to fund general corporate overheads 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, including small modular reactors; the company’s ability to effectively manage its business in a rapidly evolving market; the availability of nuclear test reactors and the risks associated with unexpected changes in the company’s fuel development schedule; the increased costs associated with metallizing our nuclear fuel; public perception of nuclear energy in general; Changes in the political environment; Risks related to 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; Changes in the laws, rules and regulations that govern the company’s business; Development and use of our intellectual property and challenges to it; Risks associated with potential shareholder activism; potential and contingent liabilities; and other factors described in Lightbridge’s filings with the Securities and Exchange Commission. Lightbridge assumes no obligation to update or revise such forward-looking statements as a result of new developments or for any other reason, except as required by law. Readers are cautioned not to place undue reliance on forward-looking statements.
For a further description of the risks and uncertainties, please see Lightbridge’s Annual Report on Form 10-K for the year ended December 31, 2020 and other filings with the Securities and Exchange Commission, including the sections titled “Risk Factors.” and “Forward-Looking Statements,” all 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 [email protected]
Source: Lightbridge Corporation
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