Euro Managanese Inc

Good day, everyone. Welcome to Euromanganese's second quarter 2024 conference call. We still have some people joining, so we'll give it a couple of minutes, a couple of seconds before we get started. Please note this webcast is being recorded. A replay will be available on our website. The slides we use today can also be downloaded from our website. And after the presentation today, there will be a question and answer period. If you would like to ask a question, please use the Q&A function at the bottom of your screen. You can enter a question at any point during the presentation, and we'll cover it during the Q&A period. We also welcome questions after the call, so please feel free to reach out to Matt, Martina, or myself. Before we begin, please note that this presentation does involve forward-looking statements. Please refer to our cautionary statements here and the risk factors in our annual information form. Our second quarter financial statements and MD&A for the three and six month periods ending March 31st, 2024 were filed on May 15th, 2024. All of these materials are available on our website. Cedar Plus, and the ASX. Over to you, Matthew.

Good morning and good afternoon to everyone. Thank you for joining us to review developments during Euromanganese's second fiscal quarter. Joining me on the call today is Martina Blahova, Chief Financial Officer. I'll pass the call over to Martina in a moment to go through financial highlights for the quarter and the company's financial positions. Then we'll run through key developments during the quarter and how we are performing against our key 2024 catalysts. We'll wrap up with a question and answer session. Over to you, Martina.

Thank you, Matt. Just a reminder that our fiscal year end is September 30th, so our Q2 references the period January 2024 through March 2024. We also report in Canadian dollars. I will briefly comment on our cash position at the end of the quarter. We started the quarter with $24.3 million in cash, $0.4 million in was spent to advance the commissioning of the demonstration plant, which is nearing completion. $1.3 million was spent on operational expenditures which include the advancement of Hvalatice permitting and our corporate costs. These expenditures are net of 0.8 million of cash generated in operating activities by EP Hvalatice, a specialty steel fabrication product company acquired at the end of last quarter, as its key asset is the land it owns, which is intended for the project's processing plant. Interest on convertible loan was 0.3 million. We also made land acquisition and lease payments of 2.2 million. We closed the quarter with 20.1 million in the bank. Our cash balance is expected to provide sufficient funding to complete project permitting, demonstration plant commissioning, and ongoing operations, as well as continuing to make lease and option payments for land parcels required for the project. This cash is also expected to enable us to continue with the initial feed phase of the EPCM contract and certain site preparation works, as well as fund general and administration expenses. I will now turn it back to Matt.