Westwater Resources, Inc.

I will now hand the conference over to Steve Cates, Chief Financial Officer. Steve, please go ahead.

Thank you, Operator, and good morning, everyone. Thank you for joining us today for Westwater Resources' second quarter 2026 Business Update. Our Form 10-Q was filed earlier this week and is available in the Investor section of our website at westwaterresources.com. Joining me today on the call are Terence Cryan, our Executive Chairman, and Frank Bakker, our President and Chief Executive Officer. Both will be available to answer questions following our prepared remarks. As a reminder, today's discussion will include forward-looking statements, including but not limited to future events and expectations, including projected demand for graphite products, expected timelines and costs related to the Kellyton Graphite Plant and the Coosa Graphite Deposit, Thanks, Steve. And good morning, everyone.

This week marked a major step forward for Westwater, for Kellyton, and for the build-out of American-made battery-grade natural graphite. On Monday, we announced that XM approved a $25 million loan to support continued development of our Kellyton graphite plant in Alabama. Exim's $25 million approval is more than a financing milestone. It's a clear recognition of the strategic importance of Kellyton and the role domestic graphite production can play in strengthening the U.S. critical mineral supply chain. For years, the United States has relied heavily on foreign sources of graphite and battery grade graphite materials. Kellyton is being developed to help change that by advancing domestic processing capacity for graphite, a US critical mineral essential to lithium ion batteries, energy storage, and advanced manufacturing. We are now one step closer to something the country urgently needs, American-made Battery Grade Natural Graphite produced here in the United States for U.S. supply chains. And importantly, the loan approval moves us one step closer to commercial production from Kellyton, which could commence as soon as next year. The loan was approved under Ex-Im's Make More in America initiative. which supports domestic manufacturing projects tied to critical U.S. supply chains. Kellyton fits the bill. For Westwater, this approval provides non-dilutive capital to advance Kellyton from construction and equipment installation to commissioning and operational readiness. As we shared in our first quarter call, We and our advisors have been actively engaged in DC in the pursuit of sourcing non-dilutive, lower cost sources of capital. The EXIM approval we received this week is a direct reflection of that ongoing effort. Our Kellyton graphite plant is an advanced physical asset with significant capital already deployed. Since inception, the company has invested approximately $130 million in phase one. We have buildings in place, equipment on site and on order, an operating qualification line, an R&D lab, and a team advancing the technical and operational capabilities needed to support commercial production. We believe that progress gives Westwater a three to five year first mover advantage versus our competitors. In an industry where projects can take years to advance, the work already completed at Kellyton gives us a head start as the U.S. works to build domestic battery grade graphite production capacity. The Kellyton plant is designed to produce coated spherical purified graphite, or CSPG, a battery-grade natural graphite material used primarily in lithium-ion batteries. Phase I is designed to produce approximately 12,500 metric tons per year of CSPG. That is why EXIM's approval is so important. It supports the next stage of work at Kellyton and recognizes the strategic value of building this type of processing capacity here in the U.S. It also reflects the amount of work our team has already done to move Kellyton forward from engineering and equipment procurement Customer Qualification, and Operational Readiness. At the same time, the EXIM approval is one step in a broader financing strategy. We are also continuing to pursue additional government funding sources and other financing alternatives to support the completion of Kellyton Phase 1 and beyond. Our financing objective is clear. Secure the capital needed for Kellyton on the best terms available and begin producing American-made battery-grade natural graphite here in the United States. We have been disciplined, focused, and persistent in our approach, and the EXIM approval reflects that strategy. As we move forward, We will continue customer qualification activities at Kellyton and Kooza permitting and continue to advance our business. With that, I'll turn the call over to Frank to provide an operational update.