RESTON, Virginia, June 15, 2021 (GLOBE NEWSWIRE) – Lightbridge Corporation (Nasdaq: LTBR), a leading nuclear fuel technology company, today announced that it will be added to the Russell Microcap® Index following the annual replenishment of the Russell 2021 Indices, effective after the opening of the U.S. market June 28, according to a preliminary list of additions released June 4.
Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indices. FTSE Russell determines adherence to its Russell Indices primarily by purpose, market capitalization rankings and style attributes.
Seth Grae, President and CEO of Lightbridge, said: “We are proud to be included in the Russell Microcap® Index this year, particularly as one of the few publicly traded nuclear companies. This marks another important milestone for Lightbridge this year and will allow us to expand our growing investor base. A growing number of investors understand that significant growth in investment in nuclear energy and advanced nuclear technology must be part of responding to competition in global energy markets and meeting the climate goals of the United States. IPCC.
Russell Indices are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. About $ 10.6 trillion in assets is compared to Russell’s U.S. indices. The Russell Indices are part of FTSE Russell, one of the world’s leading index providers.
For more information on the Russell Microcap® Index and the Russell Reconstitution, please visit the “Russell Reconstruction” section on the FTSE Russell website.
About FTSE Russell:
FTSE Russell is a global index leader providing innovative benchmarking, analytics and data solutions to investors around the world. FTSE Russell calculates thousands of indices that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the global investment market.
The expertise and products of the FTSE Russell Index are widely used by institutional and retail investors around the world. Approximately $ 17.9 trillion is currently compared to the FTSE Russell indices. For more than 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen the FTSE Russell Indices to benchmark their investment performance and create ETFs, structured products and index derivatives.
A set of basic universal principles guide the design and management of the FTSE Russell Index: a transparent rules-based methodology is informed by committees independent of major market players. FTSE Russell is focused on applying the highest industry standards in index design and governance and adheres to the principles of IOSCO. FTSE Russell is also focused on index innovation and client partnerships with the aim of improving the breadth, depth and reach of its offering.
FTSE Russell is 100% owned by the London Stock Exchange Group.
For more information, visit www.ftserussell.com.
About Lightbridge Corporation
Lightbridge (NASDAQ: LTBR) is a leading nuclear fuel technology development company positioned to enable carbon-free energy applications that will be critical to 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 improves fuel safety, economy and resistance to proliferation. To date, Lightbridge has been twice recognized by the US Department of Energy’s Gateway for Accelerated Innovation in Nuclear program to support the development of Lightbridge Fuel ™. Lightbridge’s innovative fuel technology is backed by an extensive portfolio of global patents. For more information, please visit: www.ltbridge.com.
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Except for historical matters, the matters discussed in this document are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the timing and results of research and development activities, further steps to commercialize Lightbridge Fuel ™ and future government assistance and funding for nuclear power. These statements are based on current expectations as of the date of this press release and involve a number of risks and uncertainties which may cause actual results to differ materially from these 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; the Company’s ability to finance corporate overheads and external research and development costs; competition in the market; our ability to attract and retain qualified employees; dependence on strategic partners; fuel demand for nuclear reactors, including small modular reactors; the Company’s ability to effectively manage its business in a rapidly changing market; the availability of nuclear test reactors and the risks associated with unexpected changes in the Company’s fuel development schedule; the increased costs associated with the metallization of our nuclear fuel; public perception of nuclear energy in general; changes in the political environment; risks associated with the spread of COVID-19, including the ultimate impact of COVID-19 on people, economies and the Company’s ability to access capital markets; changes in laws, rules and regulations governing the activities of the Company; the development and use of, and the challenges to, our intellectual property; risks associated with potential shareholder activism; potential and contingent liabilities; as well as other factors described in documents filed by Lightbridge with the Securities and Exchange Commission. Lightbridge assumes no obligation to update or revise these forward-looking statements, whether as a result of new developments or otherwise, except as required by law. Readers are cautioned not to place undue reliance on forward-looking statements.
A more detailed description of the risks and uncertainties can be found in Lightbridge’s annual report on Form 10-K for the year ended December 31, 2020 and in its other filings with the Securities and Exchange Commission, including in the sections entitled “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, IRC
Director of Investor Relations
Phone. : +1 (646) 828-8710