Major Drilling Group International Inc.

Good morning, ladies and gentlemen, and welcome to the first quarter 2025 results conference call. I would now like to turn the meeting over to Chantal Melancon. Please go ahead, Ms. Melancon.

Thank you, and good morning, everyone. As mentioned, we would like to welcome you to Major Drilling's conference call for the first quarter of fiscal 2025. On the call, we will have Denis Larocque, President and CEO, and Ian Roth, our Chief Financial Officer. Our results were released yesterday evening and can be found on our website at www.majordrilling.com. We also invite you to visit our website for further information. Before we get started, we'd like to caution you that during this conference call, we will be making forward-looking statements about future events or the future financial performance of the company. These statements are forward-looking in nature and actual events or results may differ materially from those currently anticipated in such statements. I will now turn the presentation over to Denis Laroque. Please go ahead.

Thank you, Chantal. And good morning, everyone, and thank you for joining us today. Before going into the quarter results, I'd like to talk about Major Drawings' strategic investment in DGI Geoscience and its affiliate Core Geosystems. This investment marks a pivotal moment for our company as it allows us to fully leverage our Rock5 technology and continue to strengthen our position as the leader in the drilling industry. Just to give you a bit of an overview, DGI Geoscience are experts at acquiring and interpreting data through advanced downhole survey and imaging services with the use of televiewers and other sensors to fully leverage drilling investments for mining companies. It's really using probes to capture data down the hole. Core Geosystems is a technology company that uses AI to automate various logging tasks, which streamlines the core logging process for our customers directly at the ring. The fact that it produces consistent results at a fraction of the time it takes to log core produces significant value for mining companies. In fact, Core Geosystems won Gold Corp disrupt mining competition at the 2017 PDAC, a potential technology that could revolutionize the future of mining. ROC5 is our own tool developed in-house and is a device that collects data from our drilling and as we're drilling, which not only helps our drillers to be more productive, but also helps our customers by providing them with valuable data useful in their geotechnical analysis of their project. So the real value for our investment lies in the combination of all those technologies with our specialized drilling to offer a unique and valuable service to our customers. And all of this happens right at the rig, which is why we're now calling this combined offer DrillSide GeoSolutions. This partnership should open up new opportunities for us in the specialized drilling sector, especially at a time where the demand for specialized services and data is growing. This move is a testament to Major Drilling's commitment to innovation and excellence and a move to reinforce our dominance in the drilling industry. Now moving on to our first quarter results. We were able to increase our revenue from the previous quarter and maintain a solid level of activity despite a slowdown in junior financings and a dip in overall global drilling activity. We were particularly pleased with the results from our Australian and Chilean operations, which continue to show growth and help offset a slowdown in North America driven by the lack of junior funding. Our balance sheet remains very strong and allows us to continue to invest in our fleet modernization and technologies at a time where the future looks bright for our industry. I'll discuss this further after Ian walks us through the quarter's financials.