Lightbridge Corporation

Thank you for standing by, and welcome to the Lightbridge Corporation Business Update and Fiscal Year 2025 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, Michelle, and thanks to all of you for joining us today. Our earnings press release was distributed yesterday and can be viewed on the Investor Relations page of the LifeBridge website at www.ltbridge.com. Joining us on the call today is Seth Gray, Chief Executive Officer, along with Andrei Mushakov, Executive Vice President for Nuclear Operations, Scott Holcomb, Vice President of Engineering, Larry Goldman, Chief Financial Officer, and Sherry Holloway, Controller. I want 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 as These and other risks are set forth in more detail in Lightbridge's filing 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.

Well, hello, and thank you, Matt. And thank you all for joining us to discuss Lightbridge's 2024 results. We are gathering at a remarkable moment for nuclear energy. The industry is experiencing what many are calling a renaissance or a resurgence. With unprecedented support from both the public and private sectors in the United States and around the world, this shift isn't just about building new reactors. It's about reimagining nuclear power's role in our clean energy future. We're particularly excited about the transformation in the commercial sector. Major technology companies like Microsoft and Amazon are actively pursuing nuclear power solutions for their data centers to secure reliable, clean, baseload power for critical infrastructure. When tech giants who have built their success on innovation and forward thinking choose nuclear, it sends a powerful message about the future of energy. At Lightbridge, we believe we're uniquely positioned to support this industry transformation. Our metallic fuel technology represents a step change in nuclear fuel performance. We expect the unique multi-lobe fuel rod geometry superior heat transfer properties, and lower operating temperatures of our all-metal fuel design to offer both economic and safety benefits that could be transformative for the industry. Last month, we took an important step forward by signing a memorandum of understanding with Oklo. This collaboration could create significant fuel fabrication synergies and open up promising opportunities in advanced fuel recycling. We believe this partnership can help accelerate innovation across the nuclear supply chain. Our work with the Department of Energy's national laboratories continues to advance our research and development initiatives. These partnerships are crucial because they give us access to world-class facilities and expertise while maintaining our capital efficient approach to development. We achieved an important manufacturing milestone earlier this month at Idaho National Laboratory. Our team successfully demonstrated our proprietary co-extrusion process, a special fabrication technique that combines two elements, a uranium zirconium fuel mixture surrounded by a protective zirconium alloy outer layer called the cladding. Using specialized equipment, we created an eight-foot-long fuel coupon sample. INL scientists are now analyzing the coupon sample to verify its quality and fabrication parameters. At Lightbridge, we're focused on ensuring our fuel technology can help support this nuclear renaissance, delivering more power while making reactors safer, more efficient, and more economical to operate. Now I'll turn the call over to Andrey Mushakov, Executive VP for Nuclear Operations, to begin the review of our fuel development activities. Andrey?