Lightbridge Welcomes Passage of the ADVANCE Act, Landmark Legislation to Expedite Commercial Deployment of Advanced Nuclear Fuel and Other Advanced Nuclear Technologies
2024年6月25日 - 9:00PM
Lightbridge Corporation (“Lightbridge”) (Nasdaq: LTBR), an advanced
nuclear fuel technology company, applauds the passage of the
ADVANCE Act, or the Accelerating Deployment of Versatile, Advanced
Nuclear for Clean Energy Act, which aims to accelerate the
deployment of advanced nuclear energy in the United States. Earlier
this year, the U.S. House of Representatives passed the bill on a
365-36 vote, and the U.S. Senate overwhelmingly voted 88-2 to
approve the legislation.
The ADVANCE Act focuses on streamlining the
regulatory process at the Nuclear Regulatory Commission (NRC),
supporting the development and deployment of new nuclear
technologies, and strengthening the domestic nuclear supply
chain.
Seth Grae, President & CEO of Lightbridge
Corporation, commented, "We are thrilled to see the ADVANCE Act
pass with such overwhelming support in both the House and the
Senate. While the Act does not remove all hurdles facing deployment
of advanced nuclear technologies, this landmark legislation marks a
significant step forward for the nuclear industry and reinforces
the critical role of advanced nuclear technologies in our clean
energy future. By streamlining regulatory processes, supporting the
development of innovative nuclear technologies, and strengthening
the domestic supply chain, the ADVANCE Act paves the way for a more
financially sustainable and competitive nuclear energy landscape in
the United States.”
"We are particularly encouraged by the expedited
NRC licensing process for advanced nuclear fuel technologies. The
Act directs the NRC to establish an initiative to enhance
preparedness and coordination with respect to qualification and
licensing of advanced nuclear fuel. The Act also specifically calls
for government agency coordination relating to enabling the testing
and demonstration of accident tolerant fuels for existing
commercial nuclear reactors and also directs the NRC to assess the
preparedness of the NRC to review and qualify use of accident
tolerant fuel and high-assay low-enriched uranium fuels. The NRC’s
inclusion of Lightbridge Fuel™ on its website under Longer Term
Accident Tolerant Fuel Technologies
(https://www.nrc.gov/reactors/power/atf/technologies/longer-term.html)
is a testament to the innovative potential of our fuel technology.
We expect this accelerated pathway will lead to expediting
licensing of Lightbridge Fuel for commercial use when it is in the
NRC licensing process," concluded Mr. Grae.
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 entered into two long-term
framework agreements with Battelle Energy Alliance LLC, the United
States Department of Energy’s operating contractor for Idaho
National Laboratory, the United States' lead nuclear energy
research and development laboratory. DOE’s Gateway for Accelerated
Innovation in Nuclear program has twice awarded Lightbridge to
support the development of Lightbridge Fuel over the past several
years. Lightbridge is participating in two university-led studies
through the DOE Nuclear Energy University Program at Massachusetts
Institute of Technology and Texas A&M University. An extensive
worldwide patent portfolio backs Lightbridge’s innovative fuel
technology. Lightbridge is included in the Russell Microcap® Index.
For more information, please visit www.ltbridge.com.
To receive Lightbridge Corporation updates via
e-mail, subscribe at
https://www.ltbridge.com/investors/news-events/email-alerts
Lightbridge is on X (formerly Twitter). Sign up
to follow @LightbridgeCorp at
http://twitter.com/lightbridgecorp.
Lightbridge is on Threads @lightbridgecorp.
For an introductory video on Lightbridge, please
visit www.ltbridge.com.
Forward Looking StatementsWith
the exception of historical matters, the matters discussed herein
are forward-looking statements. 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: Lightbridge’s ability to commercialize its
nuclear fuel technology; the degree of market adoption of
Lightbridge’s product and service offerings; Lightbridge’s 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; Lightbridge’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 Lightbridge’s fuel development timeline; the
increased costs associated with metallization of Lightbridge’s
nuclear fuel; public perception of nuclear energy generally;
changes in the political environment; risks associated with war in
Europe; changes in the laws, rules and regulations governing
Lightbridge’s business; development and utilization of, and
challenges to, Lightbridge’s 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
(the “SEC”). 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 Lightbridge’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2023, and in its other filings with
the SEC, 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
RelationsTel: +1 (347) 947-2093ir@ltbridge.com
Lightbridge (NASDAQ:LTBR)
過去 株価チャート
から 8 2024 まで 9 2024
Lightbridge (NASDAQ:LTBR)
過去 株価チャート
から 9 2023 まで 9 2024