Zach Spencer
Director of External Relations, Treasurer & Secretary

Good afternoon, and thank you for joining Comstock Inc.'s First Quarter 2026 Results and Business Outlook. I'm Zach Spencer, Treasurer and Corporate Secretary. Today is Thursday, May 7, 2026. We are streaming live, and this session is being recorded. A recording will be posted shortly after we adjourn in the Investor Relations section of our website.

Today, we filed our Form 10-Q for the quarter ended March 31, 2026, and issued a press release summarizing quarter end results. Both documents are available on our website. As a reminder, Comstock is listed on NYSE American with the ticker LODE.

Joining me today are Corrado De Gasperis, Comstock's Chief Executive Officer; and Judd Merrill, Comstock's Chief Financial Officer. After their prepared remarks, we will take questions. We received more than 25 questions in advance of the call. If you have additional questions during the call, please use the Zoom Q&A window, and we will address as many as time allows.

Today's discussion will include forward-looking statements. Actual results may differ materially due to risks and uncertainties detailed in our SEC filings. Full risk disclosures can be found in our filings on the Investor Relations page and on the SEC website.

With that, it is my pleasure to introduce our Chief Financial Officer, Judd Merrill. Judd, you may begin.

Judd Merrill
President of Comstock Mining & CFO

Thanks, Zach, and good afternoon, everyone. I have a few prepared remarks, and then we'll move on through the slide deck here.

The first quarter of 2026