Standard Lithium Ltd.

Ladies and gentlemen, thank you for standing by. Welcome to Standard Lithium's second 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 brief question and answer session. It is now my pleasure to turn today's call over to Daniel Rosen, Vice President of Investor Relations and Strategy for Standard Lithium. Please go ahead.

Thank you and welcome, everyone. I'm excited to be joining my first earnings call as part of Standard Lithium and look forward to getting to know many of you better in the coming months. I'm joined today by David Park, our CEO and Director, Andy Robinson, President, COO, and Director, Salah Ghamoudi, Chief Financial Officer, 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 today, including any related to company performance expectations, and timing of projects that 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.

Thanks, Dan. I appreciate everyone for joining today. We've been working diligently alongside our joint venture partner, Equinor, to progress our lithium development projects, and we achieved multiple key milestones in the second quarter as we advanced those efforts. We completed all our field work required for the first phase of our Southwest Arkansas project and are steadily advancing offtake and project financing discussions ahead of a final investment decision targeted by the end of this year, as Andy will go into further shortly. In the second quarter, we had our brine production unit for phase one of Southwest Arkansas, now formally named the Reynolds Unit, unanimously approved by the Arkansas Oil and Gas Commission. We also had a 2.5% royalty rate approved by the AOGC for phase one, establishing an important precedent for lithium development companies operating in Arkansas and encouraging economic development of the state's significant lithium resource. Additionally, our Southwest Arkansas project was selected as one of the first critical mineral production projects and the only direct lithium extraction project to be advanced under Executive Order 14241, immediate measures to increase American mineral production. This was announced by the U.S. Federal Permitting Improvement Steering Council at the recommendation of the National Energy Dominance Council. This designation ensures increased transparency, accountability, and predictability in the permitting process. This prestigious distinction underscores the project's strategic importance to national security, economic prosperity, and domestic energy independence. The streamlined permitting process combined with the federal support we're receiving in the form of a $225 million grant from the DOE's Office of Manufacturing and Energy Supply Chains reinforces our project development timeline and positions as well to deliver a low cost, sustainable, and domestic source of lithium critical to advance electrification and new energy technologies. We continue to focus on innovation as we seek to progress next generation battery materials. In partnership with Telescope Innovations, we developed a new process to produce battery quality lithium sulfide a key raw material required for many solid-state battery chemistries. This novel, low-temperature, patented process provides numerous potential advantages with respect to flexibility, quality, cost, and safety. Finally, we strengthened our senior management team with two new VP hires. We brought in Daniel Rosen as Vice President of Strategy and Investor Relations, and Tim Sobel as Vice President of Health, Safety, social, and environment. The additions to the leadership team will strengthen our capabilities and the execution of our growth strategy as we progress towards first commercial production. To provide more detail about key project developments and deliverables ahead, I'll pass it over to Andy.