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Lightbridge Joins Forces with Esteemed Public-Private Groups to Support the Nuclear Power Industry
RESTON, Va., May 04, 2023 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel technology company, is pleased to announce that
About this update from Lightbridge Corporation
[{"type":"text","content":"RESTON, Va., May 04, 2023 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel technology company, is pleased to announce that the Company has joined two important Public-Private nuclear power groups: the U.S. Department of Energy’s (DOE) High-Assay, Low-Enriched Uranium (HALEU) Consortium, and the U.S. Department of Commerce International Trade Administration’s Small Modular Reactor (SMR) Working Group. About the HALEU ConsortiumIn December 2022, the DOE announced the creation of a HALEU Consortium to support the establishment of domestic HALEU infrastructure pursuant to the Energy Act of 2020. The purpose of the Consortium is to provide the Secretary of Energy with HALEU demand estimates for domestic commercial use, purchase HALEU made available to members for commercial use, carry out demonstration projects using HALEU, and identify actionable opportunities to improve the reliability of the HALEU supply chain. About the SMR Working GroupThe U.S. Department of Commerce International Trade Administration’s (ITA) SMR Working Group supports the deployment and export of U.S. SMRs in European markets while ensuring safety, security, and nonproliferation. The SMR Working Group aims to expedite SMR deployment by facilitating collaboration between the U.S. industry, government, and European partners. Through quarterly meetings, members gain sector knowledge and networking opportunities with prospective European customers and government officials, ultimately positioning U.S. companies for success in the European SMR market. Seth Grae, President and CEO of Lightbridge Corporation, commented, “We are excited that Lightbridge is a member of these two exceptional teams that bring together industry leaders, government agencies, and other key stakeholders. As we work together to drive U.S. production of HALEU and deployment of SMRs in Europe, we are confident that our participation in these important groups will help us achieve our strategic objectives and contribute to a cleaner, more secure energy future.” 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...