Energy Fuels Inc.

Good morning, my name is Konstantin and I will be your conference operator today. At this time, I would like to welcome everyone to the Energy Fuels first quarter 2025 conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session where you will be able to ask one question and one follow-up question should you desire. If you would like to ask a question during this time, simply press star then the number one on your telephone keypad. If you would like to withdraw your question, please press star, then the number two. There will be a video that will be played within the conference that will last for two minutes. If you are on the phone as well on the webcast, and at the time at the end of the video you see only a black screen, please refresh your webcast. Thank you. Mr. Chalmers, you may begin your conference.

Thank you, Constantine, and thank you for that introduction. Again, Mark Chalmers, I'm the CEO of Energy Fuels. We are really appreciative of people joining the Q1 2025 conference call today. And it is always a pleasure to update everyone on our remarkable progress on building the largest critical mineral company in the United States. We are also very, very pleased to increase, to announce that we've increased our 2025 production and finished goods inventory guidance by 22% and 193% respectively. And that is quite unusual because many companies are actually going the other direction at this point in time. So we're really excited about operating the guidance. We also are happy to report that we have very strong working capital position of $214 million. We continue to advance our high-grade and low-cost U.S. uranium production, including a record production in April that was after the quarter of 151,000 pounds at an average grade of 1.64%. And I want to point out something, that it's 1.64% in a reserve zone, in the main zone, of 0.58%. So the grades that we're currently mining are almost three times what we had expected in that area. So very excited about that. And we continue to advance our world-class rare earth and heavy mineral sand projects and capabilities and no debt. So there is a lot going on. Now, Kim, are they advancing their slides or are you doing it?

No, I'm doing it.