Altius Renewable Royalties Corp.

Good morning, ladies and gentlemen, and welcome to the LTS Renewable Royalties Corp Q2 2024 conference call and webcast. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Tuesday, August 6, 2024. I would now like to turn the conference over to Flora Wood. Please go ahead.

Thank you, Ludi, and good morning, everyone. Welcome to our Q2 call. Our press release and filings were released yesterday and are available on our website, both on the homepage and under Investors. This event is being webcast live, and you'll be able to access a replay of the call along with the presentation slides at ARR.energy. Brian Dalton, CEO of ARR, and Frank Gatman, CEO of Great Bay Renewables, are both speakers on the call. In the Q&A, we'll also have Ben Lewis, CFO of ARR, available for questions. The forward-looking statement on slide two applies to everything we say, both in our formal remarks and during the Q&A session. And with that, I will turn over to Brian for his opening remarks.

Good morning, everyone. Thank you, Flora. Thank you, everyone, for joining us. The team was very successful in the first half of the year in deploying additional capital, taking full advantage of the continuing weak market sentiment backdrop within the renewable sector. We are steadfast in our belief that this contrarian approach will reap major long-term benefits, especially when we consider that the more important fundamental backdrop, that for power demand, and particularly renewable source power, strengthening at a pace that has not been seen in a generation or more. We've recognized from the outset through this still young business that its imperatives are to generate scale and diversity. That is certainly being achieved now as we approach U.S. $500 million deployed at the joint venture level and hold royalties on dozens of projects across most of the major power regions in the U.S. We also continue to find more and more ways that our royalty-focused capital can serve the needs of the renewable sectors. We still carry meaningful liquidity for additional investments that comes from a combination of cash on hand and our remaining access to debt-based financing. While this is obviously depleting as we steadily execute on attractive opportunities, that is okay and is in fact the point. We want to put it all to work. We continue to view the current public equities markets for the company and indeed the sector as essentially closed, at least on terms that we can accretively grow the business under. That said, we remain busy in cultivating potential sources of new long-term capital to avail of, and in the alternative, are actually quite willing to exhaust our liquidity to the full extent possible rather than incur first-year-based solution of the assets that we have already built, and that will naturally flourish without any further capital requirements from us. So that's me on the high level. I'll gladly now turn it over to Frank to give you a little more detail on the quarter that was. Thank you.