Lightbridge Executive Vice President Dr. Andrey Mushakov Appointed to U.S. Nuclear Industry Council Board of Directors
Lightbridge Corporation (LTBR) announced the appointment of Dr. Andrey Mushakov, Executive Vice President for Nuclear Operations, to the Board of Directors of the U.S. Nuclear Industry Council (USNIC). USNIC is the leading U.S. business consortium advocate for nuclear energy and promotion of the American supply chain globally.
Dr. Mushakov's appointment aims to enhance Lightbridge's collaboration with key stakeholders in advancing nuclear technology innovation, particularly in developing and deploying advanced nuclear technologies, including their proprietary Lightbridge Fuel™. The role will involve shaping policies supporting nuclear energy development both in the United States and globally, with a focus on addressing energy security challenges and powering the growing AI-driven economy.
Lightbridge Corporation (LTBR) ha annunciato la nomina del dott. Andrey Mushakov, Vicepresidente Esecutivo per le Operazioni Nucleari, nel Consiglio di Amministrazione del U.S. Nuclear Industry Council (USNIC). USNIC è il principale consorzio industriale statunitense che promuove l'energia nucleare e la catena di approvvigionamento americana a livello globale.
La nomina del dott. Mushakov mira a rafforzare la collaborazione di Lightbridge con i principali stakeholder per favorire l'innovazione tecnologica nel settore nucleare, in particolare nello sviluppo e nell'implementazione di tecnologie nucleari avanzate, inclusa la loro esclusiva Lightbridge Fuel™. Il ruolo prevede di influenzare le politiche a sostegno dello sviluppo dell'energia nucleare sia negli Stati Uniti sia a livello mondiale, con un'attenzione particolare alle sfide della sicurezza energetica e al sostegno dell'economia in crescita guidata dall'intelligenza artificiale.
Lightbridge Corporation (LTBR) anunció el nombramiento del Dr. Andrey Mushakov, Vicepresidente Ejecutivo de Operaciones Nucleares, para el Consejo de Administración del U.S. Nuclear Industry Council (USNIC). USNIC es el principal consorcio empresarial de EE.UU. que defiende la energía nuclear y promueve la cadena de suministro estadounidense a nivel global.
El nombramiento del Dr. Mushakov tiene como objetivo fortalecer la colaboración de Lightbridge con los principales interesados para impulsar la innovación en tecnología nuclear, especialmente en el desarrollo y despliegue de tecnologías nucleares avanzadas, incluyendo su exclusiva Lightbridge Fuel™. El rol implicará influir en políticas que apoyen el desarrollo de la energía nuclear tanto en Estados Unidos como a nivel mundial, enfocándose en abordar los desafíos de seguridad energética y en alimentar la creciente economía impulsada por la inteligencia artificial.
Lightbridge Corporation (LTBR)는 핵 운영 담당 수석 부사장인 Dr. Andrey Mushakov를 미국 원자력 산업 협의회(U.S. Nuclear Industry Council, USNIC) 이사회에 임명했다고 발표했습니다. USNIC는 미국 내 원자력 에너지를 옹호하고 미국 공급망을 전 세계에 홍보하는 선도적인 비즈니스 협의체입니다.
Dr. Mushakov의 임명은 Lightbridge가 핵 기술 혁신을 촉진하는 주요 이해관계자들과의 협력을 강화하는 것을 목표로 하며, 특히 자사의 독자적인 Lightbridge Fuel™을 포함한 첨단 원자력 기술의 개발 및 배치를 지원합니다. 이 역할은 미국과 전 세계에서 원자력 에너지 개발을 지원하는 정책 수립에 관여하며, 에너지 안보 문제 해결과 인공지능 기반 경제의 성장에 중점을 둘 것입니다.
Lightbridge Corporation (LTBR) a annoncé la nomination du Dr Andrey Mushakov, vice-président exécutif des opérations nucléaires, au conseil d'administration du U.S. Nuclear Industry Council (USNIC). USNIC est le principal consortium d'affaires américain défendant l'énergie nucléaire et promouvant la chaîne d'approvisionnement américaine à l'échelle mondiale.
La nomination du Dr Mushakov vise à renforcer la collaboration de Lightbridge avec les parties prenantes clés pour faire progresser l'innovation technologique nucléaire, notamment dans le développement et le déploiement de technologies nucléaires avancées, y compris leur Lightbridge Fuel™ propriétaire. Ce rôle impliquera de façonner les politiques soutenant le développement de l'énergie nucléaire aux États-Unis et à l'international, en mettant l'accent sur les défis de la sécurité énergétique et l'alimentation de l'économie croissante pilotée par l'intelligence artificielle.
Lightbridge Corporation (LTBR) gab die Ernennung von Dr. Andrey Mushakov, Executive Vice President für Nuklearbetrieb, in den Vorstand des U.S. Nuclear Industry Council (USNIC) bekannt. USNIC ist das führende US-amerikanische Wirtschaftskonsortium, das sich für Kernenergie einsetzt und die amerikanische Lieferkette weltweit fördert.
Die Ernennung von Dr. Mushakov soll die Zusammenarbeit von Lightbridge mit wichtigen Interessengruppen zur Förderung von Innovationen in der Kerntechnologie stärken, insbesondere bei der Entwicklung und Einführung fortschrittlicher Kerntechnologien, einschließlich ihres firmeneigenen Lightbridge Fuel™. Die Rolle umfasst die Gestaltung von Politiken zur Unterstützung der Kernenergieentwicklung sowohl in den USA als auch weltweit, mit besonderem Fokus auf die Bewältigung von Energiesicherheitsherausforderungen und die Versorgung der wachsenden, von KI angetriebenen Wirtschaft.
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RESTON, Va., May 06, 2025 (GLOBE NEWSWIRE) -- May 6, 2025 – Lightbridge Corporation (Nasdaq: LTBR), a leader in advanced nuclear fuel technology, today announced that Dr. Andrey Mushakov, Executive Vice President for Nuclear Operations, has been appointed to the Board of Directors of the U.S. Nuclear Industry Council (USNIC), the leading U.S. business consortium advocate for nuclear energy and promotion of the American supply chain globally.
Dr. Mushakov's appointment to the USNIC Board of Directors will enhance the Company's ability to collaborate with key stakeholders in advancing nuclear technology innovation. As a board member, Dr. Mushakov will contribute to USNIC's efforts in shaping policies that support the development and deployment of advanced nuclear technologies, including next-generation fuels like Lightbridge Fuel™.
Seth Grae, President and CEO of Lightbridge, commented: "We are proud to have Andrey represent Lightbridge on the USNIC Board of Directors. His expertise in nuclear fuel technology and deep understanding of the industry will be valuable assets to the Council as it works to advance nuclear energy in the United States and globally. This appointment reflects the growing recognition of Lightbridge's innovative nuclear fuel technology and our role in shaping the future of clean energy."
Dr. Andrey Mushakov added: "I am honored to join the USNIC Board of Directors and look forward to working with fellow board members to promote the vital role of nuclear energy in addressing energy security challenges. This opportunity aligns with Lightbridge's ongoing efforts to develop and commercialize advanced nuclear fuel technology designed to enhance the safety, economics, and performance of nuclear energy which is essential to power data centers and fuel the growth of AI-driven economy"
About the U.S. Nuclear Industry Council
The United States Nuclear Industry Council (USNIC) is the leading U.S. business consortium advocate for nuclear energy and promotion of the American supply chain globally. USNIC represents approximately 80 companies engaged in nuclear innovation and supply chain development, including technology developers, manufacturers, construction engineers, key utility movers, and service providers. USNIC's educational programs, industry insights, and market intelligence bring together strategic nuclear industry leaders to help the American nuclear industry succeed in the domestic and global markets.
About Lightbridge Corporation
Lightbridge 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.
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Forward Looking Statements
With 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, 2024, 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, IRC
Director of Investor Relations
Tel: +1 (347) 947-2093
ir@ltbridge.com
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