Altius Renewable Royalties Corp.

Good morning, ladies and gentlemen, and welcome to the LTS Renewable Royalties Q1 2023 Financial Results Conference Call. At this time, all lines are in the listen-only mode. Following the presentation, we will conduct a question and answer session. And if at any time during this call you require immediate assistance, please press star zero for an operator. Also note that this call is being recorded today, Monday, 8, 2023. And I would like to turn the conference over to Flora Wood. Please go ahead.

Thank you, Sylvie. Good morning, everyone, and thank you for joining our ARR Q1 financial results call. The presentation for this call is on our website at arr.energy, under Investors Webcast, and there will also be a recording and the webcast replay will be live a couple hours after the call ends. With me today as speakers, I have Brian Dalton, CEO of ARR, and Frank Getman, CEO of GBR. And Ben Lewis, CFO of ARR, will be here and joining us for the Q&A. And with that, I'd like to hold these forward-looking statements you'll see on slide two of the presentation. And with that, I'd like to turn it over to Brian Dalton.

Thank you, Flora. Good day, everyone. I'm on the road today with some potential for weak connectivity, so we'll keep my remarks even briefer than usual before turning over to Frank. Our first quarter was a gratifying one as we began to receive first royalties from several new projects, projects that will pay our shareholders for many years and decades to come, while the natural resources that these are based on never deplete. The repowering-based optionality that stems from the commissioning of perpetual natural resource projects continues to excite us. and obviously others as well, as we are noting an uptick in inquiries around providing royalty financing to repower existing projects. The opportunity set for new investments for all of the youth cases we have identified over the past couple of years continued to build during the quarter, in fact. There's no doubt that our royalty offering is building in both awareness and acceptance, as increasingly evidenced in our growing list of recognizable counterparties. In addition, Market conditions for the major competing forms of capital to our royalty capital, namely debt and equity, have been difficult, and this is helping to drive business our way. So with that lead in, I'll turn things over to Frank for his more detailed observations.