5E Advanced Materials, Inc.

Good afternoon, and thank you for joining us today for 5E Advanced Materials Fiscal Third Quarter 2026 Conference Call and Shareholder Updates. During today's call, management will reference the company's quarterly report on Form 10-Q for the quarterly period ended March 31st, 2026, which is available in the Investor Relations section of the company's website. For a copy of the Form 10-Q, you may also contact PRA Communications at team As a reminder, remarks made on today's conference call will contain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding expected future results, costs, production capacity, market dynamics, capital expenditures, liquidity, cash spending, finance objectives, and options. customer demand, purchase order commitments, off-take arrangements, customer qualification activities, commercialization strategy, development plans, engineering, and project financing activities, including feed-related work and the timing and scope of future engineering phases, advancement of supply chain initiatives and products, the potential benefits of our ASX delisting, the potential applications of our products across energy, defense, and industrial markets, government-based financing opportunities, including EXIM-related diligence, the company's ability to continue operating the small-scale facility and developing the project, and potential development of advanced boron derivative products, including metabolic acid and ferroboron. These statements are based on management's current expectations and involve risks and uncertainties that could cause actual results to differ materially and adversely from those projected or discussed. Additional information concerning factors that could cause actual results to differ materially and adversely from these forward-looking statements is contained in our disclosures and public filings with the SEC, including our form 10Q for the quarter ended March 31st, 2026. The company undertakes no obligation to update forward-looking statements, except as required by law. Today's call may also include a discussion of non-GAAP financial measures, as that term is defined in Regulation G. Non-GAAP financial measures should not be considered in isolation from or as a substitute for financial information presented in compliance with GAAP. This afternoon's conference call is hosted by 5E's Chief Executive Officer, Paul Weibel, Management will first lead off the call by making prepared comments, after which we will open up the call for your questions. I'll now turn the call over to Paul. Paul?

Good afternoon, and thank you for joining us today. The third quarter of fiscal 2026 was a pivotal one for 5E Advanced Materials, one in which the team delivered a number of important operational milestones. Most importantly, we signed our first offtake heads of agreement with a domestic and industrial end-user of boric acid. The agreement is for 7,500 tons of boric acid per year with optionality to increase supply to 10,000 tons per year. The agreement is a long term with fixed pricing, annual escalation, and an initial five-year term with an automatic renewal for up to 10 years. This agreement represents a major milestone for the company and the countless hours that our team has spent cultivating relationships with potential end users. Moreover, it sends a clear message to the market that our products need industry specifications and end users desire a new market supplier. While definitive purchase agreement is expected to be finalized in conjunction with project finance diligence, This is an important step in the process of converting customer interest into commercial terms with price and quantity specified that can support lender diligence and underwriting.

Apologies, Paul, we seem to have lost your order. Are you still connected? Can you hear me? Yes, I can hear you now.