Lightbridge receives notification via – GuruFocus.com

RESTON, Va., Sept. 16, 2021 (GLOBE NEWSWIRE) – Lightbridge Corporation (LTBR), an advanced nuclear fuel technology company, announced today that it has received a regulatory filing for a key divisional patent in Japan related to Lightbridge’s innovative metallic fuel rod and Fuel assembly for use in CANDU type reactors. The newly granted patent is based on the patent application of the Patent Cooperation Treaty (PCT) from 2015 and comprises a mixed lattice arrangement of metal fuel rods in a fuel assembly.

Lightbridge Fuel ™ is designed to improve the safety and economy of nuclear energy for both existing and next generation nuclear reactors.

Seth Grae, President and CEO of Lightbridge, commented, “We are delighted to have received this latest patent in Japan, an important market for Lightbridge. This patent is the latest addition to our growing intellectual property portfolio and follows similar approvals in other markets around the world. Coupled with the recent surge in spot uranium prices and the realization that reducing carbon emissions will require an abundance of nuclear power around the world in the years to come, we believe that Lightbridge Fuel will play an important role in the growing global presence of nuclear energy . “

About Lightbridge Corporation

Lightbridge (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: 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, 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 http://www.sec.gov/ and www.ltbridge.com.

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

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