GlobeNewswire Inc | May 5, 2021 08:00AM EDT

May 05, 2021

RESTON, Va., May 05, 2021 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel technology company, today announced that Dr. Aaron Totemeier, Vice President, Fuel Cycle Technology and Fuel Fabrication at Lightbridge Corporation, will participate at the U.S. Nuclear Waste Technical Review Board (NWTRB) meeting on May 12-13, 2021.

Dr. Totemeier will deliver a presentation on Wednesday, May 12 at 1:30pm ET (exact time is tentative), discussing Lightbridges advanced nuclear fuels for light water reactors and the impact of these fuels on spent nuclear fuel management and disposal. Dr. Totemeier will also join a panel discussion on Thursday, May 13 at 2:55pm ET (exact time is tentative) to discuss the impacts that new fuel designs have for the back end of the nuclear fuel cycle, which includes used fuel management, transport, storage, and disposal.

The robust design of Lightbridges metallic fuel provides numerous safety and economic benefits during reactor operation and many of the fuels characteristics are anticipated to result in improved safety during interim and long-term storage. The fuel can also be recycled using existing reprocessing technologies.

For more information on this event, please visit https://www.nwtrb.gov/meetings.

AboutLightbridge 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 light-water reactors, which significantly enhances reactor safety, economics, and fuel proliferation resistance. To date, Lightbridge has been awarded twice by the U.S. Department of Energys Gateway for Accelerated Innovation in Nuclear program to support development of Lightbridge Fuel. Lightbridges innovative fuel technology is backed by over 200 worldwide patents. The Company has assembled a world-class development team dedicated to achieving full scale commercialization of Lightbridge Fuel as quickly as possible. For more information please visit: www.ltbridge.com.

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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 Companys ability to commercialize its nuclear fuel technology; the degree of market adoption of the Company's product and service offerings; the Companys 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 Companys 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 Companys ability to access capital markets; changes in the laws, rules and regulations governing the Companys 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 Lightbridges Annual Report on Form 10-K for the fiscal year ended December 31, 2020 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, IRCDirector of Investor Relations Tel: +1 (646) 828-8710 ir@ltbridge.com