Centrus Energy Corp.

Good morning, ladies and gentlemen, and welcome to the Centris Energy third quarter 2025 earnings call. All participants will be in listen-only mode. The question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please key in star and then zero on your telephone keypad. Please note that this event is being recorded. I will now hand it over to Neil Good morning.

Welcome, and thank you to all of our callers, as well as those listening to our webcast. Today's call will cover the results of the third quarter 2025, ended September 30th. Today, we have Amir Vexler, President and Chief Executive Officer, and Todd Finelli, Chief Financial Officer. This conference call follows our earnings news release issued yesterday. We filed a report for the third quarter on Form 10Q earlier today. All of our news releases and SEC filings, including our 10K, 10Qs, and 8Ks, are available on our website. A replay of this call will also be available later this morning on the Centris website. I would like to remind everyone that certain information we may discuss on this call today may be considered forward-looking information that involves risks and uncertainty, including assumptions about the future performance of Centris. our actual results may differ materially from those in our forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in our forward-looking statements is contained in our filings with the SEC, including our annual report on Form 10-K and quarterly reports on Form 10-Q. Finally, the forward-looking information provided today is time-sensitive and accurate only as of today, November 6, 2025. unless otherwise noted. This call is a property of Centris Energy. Any transcription, redistribution, retransmission, or rebroadcast of the call in any form without the express written consent of Centris is strictly prohibited. Thank you for your participation, and I'll now turn the call over to Amir.

Thank you, Neil, and thank you to everyone on the call today. We made significant progress this quarter in strengthening Centris to capitalize on our forthcoming growth opportunities while continuing to successfully operate our broker-trader business. This includes hiring Todd Tonelli to succeed our former Chief Financial Officer, Kevin Harrell. I would like to, again, thank Kevin for his work to help improve and bring Centris forward. Todd brings a wealth of knowledge and expertise to Centris. including more than 20 years of experience in the energy industry. He has been part of a number of large industrial expansions and capital raises, precisely and not coincidentally, the tasks we're facing now. A welcome Todd to the team. Our progress to date includes our internally focused operational preparations, the growing momentum in discussion we are having with potential future customers, and increasingly strong signals we see from the marketplace. All of these have strengthened our outlook and culminated in, one, our event in Ohio announcing our hiring plans ahead of our planned expansion, and two, today's capital raise announcement. But first, let me turn to the quarter results. As many of you know, there can be a significant amount of variability quarter to quarter due to the nature of our business. And as such, we believe our annual results are more indicative of our progress. In the third quarter, we achieved $74.9 million in revenue, a gross loss of $4.3 million, an operating loss of $16.6 million, and a net income of $3.9 million. 2025 year-to-date net income was $60 million compared to $19.5 million during the same period last year. Todd will discuss the results and their respective drivers in more depth shortly. Turning to our broker-trader segment, during the quarter, Centris received waivers from the Department of Energy to continue to import LEU for all currently committed deliveries to U.S. customers in years 2026 and 2027. This announcement provides greater clarity and helps to de-risk that side of our business. Now turning to our future commercial enrichment business. As a reminder to our listeners, our proposed public-private partnership model envisions Centris potentially securing funding from a number of sources. On the public side, this includes potential task order awards under our LEU enrichment contract or under our HALU enrichment and deconversion contract. which altogether represent opportunities to obtain a portion of the $3.4 billion appropriated by Congress or potential national security awards. As we have previously stated, we hope to capitalize on any potential public funding made available by the DOE as it will create the lowest cost of capital structure. As the only U.S.-owned company with a proven technology, we feel we make a strong case. The private capital would then come in multiple forms, including partnerships for our balance sheet. Furthermore, we also have other business models that address a variety of funding scenarios. Ahead of the DOE's LEU and Halo Awards, we continue to pursue our readiness initiative to strengthen our investment case and to prepare ahead of our industrial expansion. First, in the quarter, we closed an oversubscribed and upsized convertible senior note transaction on favorable terms, increasing our unrestricted cash balance to over $1.6 billion. In line with our strategy to optimize our capital structure, and strengthen our position ahead of government announcements. Second, we continue to execute on our supply chain readiness program announced last November that is laying the groundwork for future large-scale deployment of our technology. Our September Ohio jobs announcement is another concurrent preparation step. Third, we continue to successfully operate our HALU cascade under our contract with the DOE and reached a milestone of two full years of continuous uranium enrichment this past October. Our technology has been proven with over 3.9 million machine hours. It can meet the full range of America's commercial and national security enrichment requirements, including but not limited to LEU, LEU Plus, and HALU. Fourth, we are seeing growing momentum in our engagements with key stakeholders, including potential external investors. In August, we signed an agreement with KHMP, the third largest operator of nuclear assets in the world, and POSCO International for a potential investment in Centris' enrichment capacity. The key development is an example of how private sector capital could support our potential expansion. There is a large and growing opportunity set for these types of partnerships that could come from foreign countries and utilities to SMR developers and hyperscalers, all of which are looking to secure fuel for their respective ambitions. Our strong progress and these developments have led us to our two most recent announcements. First, at our September event alongside Governor DeWine, Senator John Husted, and Congressman Taylor of Ohio, we announced our plan to hire on a large scale ahead of our plant expansion. These are important jobs to an economically depressed area that holds significant talent and is but one example of the value that comes from investing in an American company that is creating American jobs. Second, this morning we announced we are launching a $1 billion at the market program. Given the market signal, and our progress, we believe now it is an appropriate time to raise these funds in this form ahead of our proposed build-out. With that, I will turn the call over to Todd to walk through the numbers. Todd?