NanoXplore Inc.

Ladies and gentlemen, thank you for standing by. Welcome to the first quarter 2025 NanoExplore earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you would need to press star 1-1 on your telephone. You would then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded. I would now like to turn the conference over to Pierre Therese, Vice President of Corporate Development. Please go ahead.

Good morning, everyone, and thank you for joining this discussion of NanoExport Financial and Operating Results for the first quarter of fiscal 2025. The press release reporting these results was published yesterday after market close and can also be found on our website along with our financial statement and MD&A. These documents are also available on CDAR+. Before we begin, I'd like to remind you that today's remark, including management's outlook and answer to question, contains forward-looking statements. These forward-looking statements represent our expectation as of today November 7, 2024, and are accordingly are subject to change. Such statements are based on assumptions that may not materialize and are subject to risk and uncertainties. Actual results may differ materially and listeners are cautioned not to place undue reliance on these forward-looking statements. A description of the risk factor that may affect future results is contained in NanoX4 annual information form available on our corporate website, and our filing with the Canadian Securities Administrator on CEDAR+. On the call with me this morning, we have Solution Azapo, Nano Explorer Chief Executive Officer, and Pedro Azevedo, our Chief Financial Officer. After a remark from Solution, Pedro will open the call to questions from financial analysts. Let me now turn the call over to Solution.

Thank you, PY, and good morning to everyone joining us on the call. I want to first mention that it's always a priority to provide as much information and clarity as we can on our operation and corporate developments, but it has only been six weeks since our last quarterly call, and the level of developments and various initiatives over this period has been limited. Having said that, I will first start with a review of the economy and the impact on our business. I will then expand on our graphene sales activities, capital allocation plans, and I will end my remarks with an update on our dry graphene and CSBG expansion plan. With the recent wave of central banks' rate cuts, we continue to operate in a more favorable macro environment with inflationary and labor costs abating. This, along with increased activities from our customers, resulted in a constructive start of the year, translating into sales of $33.7 million, up 16% year over year. Gross margin continued to expand and reach 20.9%. All in all, we're continuing to operate very well, and I expect both sales and gross margin to continue increasing in the current year. Moreover, first quarter adjusted EBITDA, excluding Volta Explore, came in at $1.5 million, and with Volta Explore came in at $1.1 million. I would like to congratulate Nanoexplore team for the performance in the quarter. In general, we continue to perform at a high level, and we're executing on our capital allocation priorities. In regard to our direct graphene powder and compound cells activities, validation and testing activities are ongoing. We remain particularly interested in key application areas like drilling fluid as the test results have been promising and field trials are still in progress. As a refresher, we are focused on the markets that take graphene powder directly added to present higher gross margin than graphene-enhanced compounds and composite products. For our graphene-enhanced composite products, demand continues to be strong and our current capacity is almost fully utilized. During the year, we have made investments in new equipment and will continue to invest more as a part of our five-year strategic plan. A large part of these investments will be in the United States and are supported by booked contracts with existing and new customers. As it relates to Volta Explorer, as mentioned in our previous quarterly call, it's a scaled-down project. We have been working on reducing the burn rate as demonstrated by reduced EBITDA loss of $388,000 from $619,000 the previous year. Regarding our dry graphene and coated spherical purified graphite expansion, we are making progress with potential customers. We continue to see significant demand for CSBG as the North American market is currently in a supply deficit. We have made further progress with both federal and provincial governments for our financing package and the process following its normal course of development. We expect to reach a conclusion by the end of the year. we anticipate construction of the plant to start imminently. Finally, we are waiting for approval from Hydro-Québec to receive 7 MW of power for this facility, which is an extra 2 MW on top of the normal supply of 5 MW. Even though it may look trivial, Québec province is dealing with electricity allocation issues for projects, and we are discussing with different levels of the government to receive the required power. With that, I'll now turn the call over to Pedro, who will provide details about our financial performance. Pedro?