Catherine Nichas
Head of Sustainability

Hi, all. Welcome to the Lifezone Metals' webcast to discuss the Q1 2026 financial results summary and to provide an operational update. We will finish today's event with a question-and-answer session. You can submit a question using the Q&A box at the top of your page. Please feel free to contact us directly for any questions not addressed in this webcast.

Before we begin, I would like to remind everyone that today's event will contain forward-looking statements that involve risks and uncertainties that can cause actual results to differ materially from those in the forward-looking statements. Details of the forward-looking statements are contained in our April 30 news release on our website at www.lifezonemetals.com. Please see additional disclaimers, which I'd encourage you to read in your own time.

Joining us today are Lifezone Metals' Chief Executive Officer, Chris Showalter; and Chief Financial Officer, Ingo Hofmaier.

Without any further ado, I'd like to turn things to Ingo for his introduction and the presentation.

Ingo Hofmaier
Chief Financial Officer

Thank you, Catherine, and welcome to our webinar.

If you can please turn to the next page. As we all know, we had a very challenging period in the nickel market over the last 2 years, predominantly caused by oversupply from Indonesia. Since the start of this year, things look a lot brighter. As of the end of last week, nickel prices actually reached a 2-year high and they're up 37% from one of the low point in late 2025. Today, spot prices for nickel, copper and cobalt, the products that the mine will produce are all higher than the long-term price assumptions in the feasibility study