Lightbridge Provides Business Update and Announces First Quarter 2021 Financial Results
Conference Call on Wednesday, May 12, 2021, at 4pm ET
May 11, 2021 16:15 ET | Source: Lightbridge Corporation Lightbridge Corporation Reston, Virginia, UNITED STATES
RESTON, Va., May 11, 2021 (GLOBE NEWSWIRE) Lightbridge Corporation (NASDAQ: LTBR), an advanced nuclear fuel technology company, announced financial results for the first quarter ended March 31, 2021 and provided an update on the Company s continued progress.
Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, “Our first quarter provided a strong start to the year, as we were awarded our second voucher from the U.S. Department of Energy’s (DOE) Gateway for Accelerated Innovation in Nuclear (GAIN) program. We anticipate signing a Cooperative Research and Development Agreement (CRADA) to begin the project soon.
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Forward Looking Statements
With the exception of historical matters, the matters discussed in this news release 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; market competition; dependence on strategic partners; demand for fuel for nuclear reactors; the Company s ability to manage its business effectively in a rapidly evolvin
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