Operator

Greetings. Welcome to Terrestrial Energy First Quarter 2026 Earnings Call. [Operator Instructions] Please note this conference is being recorded. I will now turn the conference over to Tyler Gronbach, Vice President, Investor Relations and Public Relations. Thank you. You may begin.

Tyler Gronbach

Thank you, operator. Good morning, everyone, and welcome to Terrestrial Energy's First Quarter 2026 Earnings Conference Call. I'm Tyler Gronbach, Vice President of Investor Relations and Public Relations. Joining me today are Simon Irish, Chief Executive Officer; and Brian Thrasher, Chief Financial Officer. Simon will begin with a review of our strategic and operational progress during the quarter, and Brian will follow with a discussion of our financial results. We will then open the call for questions.

Before we begin, I'd like to remind you that we have posted the quarterly results press release and summary slides to the Investor Relations section of our website at terrestrialenergy.com. I'd also like to remind you that today's discussion will include forward-looking statements about our business, operations and financial outlook. These statements are based on management's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. We encourage you to review the risk factors described in our SEC filings for a more complete discussion of these risks. With that, I'll turn the call over to Simon.

Simon Irish
CEO & Director

Thank you, Tyler, and good morning, everyone.

When we last spoke in March, we outlined a 3-pillar framework for assessing our