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Stock impact report

Lightbridge CEO Seth Grae Issues Letter to Shareholders

Lightbridge Corporation (LTBR) 
US:NASDAQ Investor Relations: ir.ltbridge.com
Company Research Source: GlobeNewswire
RESTON, Va., April 28, 2020 (GLOBE NEWSWIRE) -- Lightbridge Corporation (“Lightbridge,” or the “Company”) (NASDAQ: LTBR), an advanced nuclear fuel technology company, today issued an update letter to shareholders from Seth Grae, President & Chief Executive Officer: To Our Valued Shareholders, I hope you and your family are safe and healthy during the COVID-19 pandemic. In the face of great economic uncertainty, we have taken steps to significantly reduce our burn rate in order to preserve the cash we have on hand. Our goal is to stretch our runway with current cash in our accounts to the end of 2021 while focusing on key research and development activities. We remain committed to full transparency with our shareholders. I am not satisfied with our stock price, and don’t believe it reflects the value of Lightbridge. Aside from our current cash position, we have invested tens of millions of dollars to develop Lightbridge’s valuable technology, including Lightbridge Fuel™ rods Show less Read more
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