Lightbridge Corporation

Thank you for standing by and welcome to the Lightbridge Corporation Business Update and Third Quarter 2021 Conference Call. Please note that today's call is being recorded. It is now my pleasure to introduce Matthew Abinanti, Director of Investor Relations for Lightbridge Corporation.

Thank you, Kathleen, and thanks to all of you for joining us today. The company's earnings press release was distributed before the market opened today and can be viewed on the investor relations page of the Lightbridge website at www.ltbridge.com. Joining us on the call today is Seth Gray, Chief Executive Officer, along with Larry Goldman, Chief Financial Officer, Sherry Holloway, Controller, Andrei Mushikov, Executive Vice President for Nuclear Operations, and Jim Fornoff, Vice President for Nuclear Program Management. I would like to remind our listeners that any statements on this call that are not historical facts are forward-looking statements. Today's presentation includes forward-looking statements about the company's competitive position and product and service offerings. During today's call, words such as expect, anticipate, believe, and intend will be used in our discussion of goals or events in the future. This presentation is based on current expectations and involves certain risks and uncertainties that may cause actual results to differ significantly from such estimates. These and other risks are set forth in more detail in Lightbridge's filings with the Securities and Exchange Commission. Lightbridge does not assume any obligation to update or revise any such forward-looking statements, whether as a result of new developments or otherwise. And with that, I would like to turn the call over to our first speaker, Seth Gray, Chief Executive Officer of LightBridge. Hello, Seth.

Hello, Matt, and thank you all for joining us to discuss LightBridge's third quarter 2021 results. I hope you and your families are well and safe. As noted in our press release issued earlier today, we continue to make strong progress in developing our fuels, significantly improve the economics and safety of existing and new nuclear power plants, including large reactors and small modular reactors. We recently achieved a major milestone, completing our work at Idaho National Laboratory for our first U.S. Department of Energy Gain Voucher Award. This work supports irradiation testing of our fuel, and makes the safety and design case for light-bridge fuel samples to be tested in the advanced test reactor at Idaho National Lab. We also began work on our second GAIN voucher at Pacific Northwest National Laboratory, which is focused on the manufacturing process of light-bridge fuel. Turning to our strong patent portfolio, during the third quarter, United States, Canada, Japan, and Australia awarded additional patents to Lightbridge in support of our efforts to commercialize Lightbridge fuel. At the corporate level, we expanded our board of directors to seven members, five of whom are independent directors, as that term is defined under NASDAQ listing standards. We also formed a new board committee dedicated to environmental, social, and governance oversight and guidance. The ESG committee reflects Lightbridge's dedication to environmental and social responsibility, which is an integral part of our long-term performance strategy. Nuclear energy represents a significant portion of clean energy globally, and we believe the industry will continue to attract greater interest from socially conscious investors as the metrics of ESG practices are standardized around the world. I'll turn the call over to Andrei Mushakov, Executive VP for Nuclear Operations. to review our fuel development activities. Andre?