Standard Lithium Ltd.

Ladies and gentlemen, thank you for standing by and welcome to Standard Lithium's first quarter 2025 conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question, press star, then the number one on your telephone keypad. We kindly ask that you please limit your questions to one and one follow-up. If you have additional questions, please return to the queue. It is now my pleasure to turn today's call over to Salah Gamoudi, Chief Financial Officer. Sir, please go ahead.

Thank you and welcome, everyone. I am joined today by David Park, CEO and Director, Andy Robinson, President, Director and COO, and Mike Barman, Chief Development Officer. Before we begin, I would like to start with a reminder that some of the statements made during our call, including any forward expectations company performance, and timing of projects may constitute forward-looking statements. Please note the cautionary language about forward-looking statements contained in our press release, which also applies to this call. Now, I will turn the call over to David.

Thank you, Salah, and thank you, everyone, for joining today. Prioritize, focus, and execute. That's a phrase we've used a lot over this last year. And it's become a motto for us. Since announcing our landmark strategic partnership with Equinor last May, we spent a considerable amount of time and effort focused on bringing that phrase to life. And on our last call, we told you how we did it and how we plan to live by that phrase going forward. We spoke of strategic additions made across our org chart, as well as improved focus on project delivery, execution efficiency and cost disciplines we share some of the results from our work programs ongoing at the jv level including the final de-risking step of our dle technology via our pilot plant testing at southwest arkansas publishing lithium recovery results of over 99 percent and completion of our flow sheet and reservoir testing at southwest arkansas as well as the advancement of our leasing efforts in East Texas, disclosing a gross area of interest of approximately 185,000 acres. We provided updates on the commercial and financial progress of our Southwest Arkansas project with a finalization and closing of our DOE grant, as well as the commencement of a project finance and customer offtake selection process. And finally, We spoke of our overall project portfolio and how we were prioritizing our efforts on our highest grade, largest scale, and most productive assets in East Texas and Southwest Arkansas moving forward, as we believe these assets can produce the highest potential returns on capital for our shareholders. We've prioritized, we have focused, and now 2025 is about execution. last week our joint venture submitted an application seeking to set a royalty rate of two and a half percent for our recently established Reynolds unit the first brine production unit established for phase one of our southwest Arkansas project that rate will serve as a key input to our DFS which we aim to finalize this summer armed with the results of royalty establishment feed and subsequent DFS, we look to enter into long-term customer offtake agreements, which will allow us to both reduce a significant portion of the price risk of the project and ensure attractive upside for our shareholders with reputable counterparties. With the DFS and customer offtake agreements in place, we'll then have everything we need to secure project debt and other financing arrangements to finalize capital formation for the project. We also continue to make progress in defining our project areas in East Texas. As mentioned previously, we've identified a total area of interest of 185,000 gross acres across several counties in East Texas. Within that area of interest, our first project area has come into focus. Soon, our joint venture will be kicking off a work program in this first project area, which will include the resampling of existing wells with the goal of publishing a maiden inferred resource report for this area in the third quarter of this year. This is the first of several project areas that have been identified in East Texas, and we aim to release subsequent resource reports as we continue to expand our leasehold position and further define the resource. We have a lot of work ahead of us, with several meaningful milestones to be reached in the coming months. With that, I'll now turn the call over to Salah to discuss our financial results.