Lightbridge receives key patent approval from the Canadian Intellectual Property Office for its innovative fuel design and manufacturing method

RESTON, Va., Aug. 16, 2021 (GLOBE NEWSWIRE) – Lightbridge Corporation (NASDAQ: LTBR), an advanced nuclear fuel technology company, announced today that it has received notice of approval from the Canadian Intellectual Property Office for a key patent, which covers the design of our all-metal PWR fuel bundle as well as a process for manufacturing our metallic fuel rods using a casting process.

Seth Grae, President and Chief Executive Officer of Lightbridge Corporation, commented, “This latest patent in Canada expands the extensive global patent protection that already surrounds our fuel design and demonstrates our continued success in securing our intellectual property rights around the world. We have now received patents for our groundbreaking metallic nuclear fuel in key markets such as the US, Canada, China, Japan, South Korea, Russia and other global markets. We believe our strong patent portfolio will help expand and maintain our leadership position in key global markets. “

About Lightbridge Corporation

Lightbridge (NASDAQ: LTBR) is an advanced nuclear fuel technology development company focused on enabling carbon-free energy applications essential 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, which will greatly 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. Lightbridge is included in the Russell Microcap® Index. For more information, please visit:

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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, other moves toward commercialization of Lightbridge Fuel ™, and future ones government 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 estimated. 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 eventual impact of COVID-19 on people, economies, and the company’s ability to access capital markets; Changes in the laws, rules and regulations governing the company’s business; Development and use of our intellectual property and challenges to our intellectual property; 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, whether as a result of new developments or for other reasons, 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 its other filings with the Securities and Exchange Commission, including the sections headed “Risk Factors.” and “Forward-Looking Statements,” all available at and

Investor Relations Contact:
Matthew Abenante, IRC
Investor Relations Director
Tel: +1 (646) 828-8710
[email protected]

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