Lightbridge Corporation

thank you for standing by and welcome to the lightbridge corporation business update and third quarter 2022 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 carmen and thanks to all of you for joining us today the company's earnings press release was distributed last thursday

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, Andrei Mushikov, Executive Vice President for Nuclear Operations, Sherry Holloway, Controller, and Jim Fornoff, Vice President for Program Management. I would like to remind our listeners that any statements on this call that are not historical facts or 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 will 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 today's third quarter 2022 results. Last week, we held our 2022 Annual Meeting of Stockholders. Thank you to LightBridge's shareholders who cast your votes, resulting in approval of all the proposals. We appreciate your vote of confidence as we gear up toward the next phase of our fuel development activities. I also thank Dr. Victor Alessi for service to LightBridge as an independent director. Vic departed the Board after last week's meeting, and we wish him the very best in his retirement. LightBridge has continued to make progress on our fuel development program, including our work at Pacific Northwest National Laboratory from our second GAIN Voucher Award, which is focused on the manufacturing process of LightBridge fuel. The ongoing activities are in their final stage, and we expect them to culminate by the end of the year in a process suitable for producing fuel samples for our upcoming irradiation tests. We are in advanced stages of negotiation for a strategic partnership project. This will be our first formal step toward helping America meet its clean energy and energy security goals. This series of agreements will allow for cooperative work at Idaho National Laboratory, INL, leading up to the irradiation testing of our fuel material samples in the Advanced Test Reactor, which is America's largest research reactor and is at INL. This is a key critical path step necessary to support fuel performance modeling and regulatory licensing efforts for the commercial deployment of light bridge fuel. I look forward to this work at a research reactor as an important step in gaining entry to commercial power reactors, including existing and future light water reactors, large light water reactors, can-do type reactors, and future small modular reactors. This step entails fabrication of the fuel material samples and their irradiation testing in the advanced test reactor, where that data will be relevant for eventual deployment of our fuel in the above-mentioned types of commercial power reactors. Now over to Andrei Mushakov, Executive VP for Nuclear Operations, to review our ongoing fuel development activities. Andrei.