Major Drilling Group International Inc.

Good day, ladies and gentlemen, and welcome to the third quarter 2026 results conference call. All participants are in a listen-only mode. Later, we will conduct a question and answer session, and instructions will follow at that time. As a reminder, this call may be recorded. I would now like to turn the call over to Ryan Hanley. You may begin.

Thank you. Good morning, everyone. As mentioned, we'd like to welcome you to Major Drilling's conference call for the third quarter of fiscal 2026. With me on the call today are Danila Rock, President and CEO, and Ian Ross, CFO. Our results were released last night 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'll now turn the presentation over to Denis Laroque, President and CEO.

Thank you, Ryan, and good morning, everyone. And thank you for joining us today to discuss our third quarter results. While the third quarter is typically the weakest of our fiscal year, as customers pause operations for the holiday period, we began aggressively preparing for what is shaping up to be a very busy year. Over the last several weeks, many of our senior mining customers have released their exploration budgets, with some pointing to increases of 30 plus percent, while others look to almost double their budgets when compared to last year. Meanwhile, the juniors remain well supported, having raised substantial capital for exploration in the second half of 2025 and continuing into 2026. In preparation for a much busier year, We leverage our industry-leading balance sheet to ensure that we are as ready as possible, completing additional maintenance above and beyond what we would normally look to do in the quarter to maximize the availability of rigs and support equipment. We also proactively ordered additional supplies to reduce the potential impact of any future supplier delays as demand for these items increases. Lastly, we retained and hired additional crews despite the slowdown in activity during the holiday season as the industry is already beginning to experience labor challenges in some regions. With larger exploration budgets and record high commodity prices, we experienced a busier start to the year with a much busier January when compared to last year. While the associated startup and mobilization costs also had a negative impact on margins. Our revenue increased by 15% compared to the same quarter last year, driven mostly by much higher activity levels in Canada and US. With activity levels expected to continue to ramp up over the coming months as a result of significantly higher exploration budget and a healthy financing market for juniors, we remain very optimistic heading into 2026. I'll discuss more of the outlook once Ian has taken us through the financials. Ian? Thanks, Denis.