Operator

Good afternoon, and thank you for joining us today for 5E Advanced Materials Fiscal Third Quarter 2026 Conference Call and Shareholder Update. During today's call, management will reference the company's quarterly report on Form 10-Q for the quarterly period ended March 31, 2026, which is available in the Investor Relations section of the company's website. For a copy of the Form 10-Q, you may also contact PRA Communications at team@pracommunications.com.

As a reminder, remarks made on today's conference call will contain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding expected future results, costs, production capacity, market dynamics, capital expenditures, liquidity, cash spending, finance objectives and options, customer demand, purchase order commitments, offtake arrangements, customer qualification activities, commercialization strategy, development plans, engineering and project financing activities, including FEED-related work and the timing and scope of future engineering phases, advancement of supply chain initiatives and products, the potential benefits of our ASX delisting, the potential applications of our products across energy, defense and industrial markets, government-based financing opportunities, including EXIM-related diligence, the company's ability to continue operating the small-scale facility and developing the project and potential development of advanced boron derivative products, including meta boric acid and ferroboron.

These statements are based on management's current expectations and involve risks and uncertainties that could cause actual results to differ materially and adversely from those projected or discussed. Additional information concerning factors that could cause actual results to differ materially and adversely from these forward-looking statements is contained in our disclosures and public filings with the SEC, including our Form 10-Q for the quarter ended March