Business
Lightbridge CEO Seth Grae Reappointed to Civil Nuclear Trade Advisory Committee (CINTAC) to U.S. Secretary of Commerce
RESTON, Va., April 28, 2023 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel technology company, is pleased to announce
About this update from Lightbridge Corporation
[{"type":"text","content":"RESTON, Va., April 28, 2023 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel technology company, is pleased to announce that U.S. Secretary of Commerce Gina Raimondo has reappointed Lightbridge President and CEO Seth Grae to the Civil Nuclear Trade Advisory Committee (CINTAC) as a representative from Lightbridge Corporation and of small business companies in the U.S. nuclear energy sector, effective immediately. As a member of CINTAC, Mr. Grae participates in the committee’s duty to advise Secretary Raimondo on developing and administering programs and policies to expand U.S. exports of civil nuclear goods and services. CINTAC is composed of private-sector representatives from the nuclear power industry. CINTAC meets periodically throughout the year to discuss the most pressing trade issues facing the U.S. civil nuclear sector, contribute to policy discussions, and work with government leaders. President and CEO of Lightbridge Corporation, Seth Grae, commented, “I am grateful for the opportunity to serve again as a member of this prestigious committee that advises Secretary Raimondo. This is an exciting time for our company and the nuclear power industry. I look forward to contributing to CINTAC supporting America's leadership position in developing and deploying advances in nuclear technology.” About Lightbridge CorporationLightbridge Corporation (NASDAQ: LTBR) is focused on developing advanced nuclear fuel technology essential for delivering abundant, zero-emission, clean energy and providing energy security to the world. The Company is developing Lightbridge Fuel™, a proprietary next-generation nuclear fuel technology for existing light water reactors and pressurized heavy water reactors, significantly enhancing reactor safety, economics, and proliferation resistance. The Company is also developing Lightbridge Fuel for new Small Modular Reactors (SMRs) to bring the same benefits plus load-following with renewables on a zero-carbon electric grid. Lightbridge has secured a long-term strategic partnership with Idaho National Laboratory (INL), the United States' lead nuclear energy research and development laboratory, in collaboration with the U.S. Department of Energy (DOE). DOE’s Gateway for Accelerated Innovation in Nuclear (GAIN) program has twice awarded Lightbridge to support the developm...