All right. Hello everyone and thank you all for continuing to join us throughout the day here at the Lytham Partners Spring 2026 Investor Conference. Again, my name is Robert Blum, Managing Partner here at Lytham, and up next here we welcome Ryan Jackson from Cielo Waste Solutions, who will be walking through the company's slide presentation. A quick reminder, Cielo trades on the ticker symbol CMC in Canada and CWSFF in the United States. Ryan, thanks so much for joining us here today. The floor is all yours. Thanks for having me Robert. Good afternoon everyone and thank you for the opportunity to be here today. As Robert mentioned, my name is Ryan Jackson, and I'm the President and Chief Executive Officer of Cielo Waste Solutions. We do trade on the Venture Exchange, and under the OTCQB, as Robert also mentioned. What I want to share with you over the next 15 minutes or so is the story of the company that is positioned at the intersection of three powerful trends, the urgent need to decarbonize aviation, a structural global supply gap in sustainable aviation fuel, and a generational opportunity in Canada to build the domestic SAF industry from the ground up. Cielo is a clean fuels project development company and is an asset-based Project Nahoonai in Prince George, British Columbia, that we're building on a national platform from there. Let me take you through the story, as soon as I get the right slide up. Here we go. First, though, a brief note on forward-looking statements. The presentation today does contain some forward-looking information that is subject to risk and assumptions, and I encourage you to review the full statement on our Slide two and public filings on SEDAR+ for additional context. Who is Cielo? We are a Calgary-based clean fuels project development company, and we convert waste biomass into low carbon liquid fuels with a focus on sustainable aviation fuel. First, we're listed on the Venture, as I mentioned, and second, and this is important, we are technology independent. Cielo does not develop proprietary processes. We've sourced proven, commercially demonstrated third-party conversion technologies and apply it to the right feedstock and product slate for each project. That approach materially de-risks our execution path, and we are not betting on a first of a kind technology. Third, we're focused on our pathway of wood waste into low carbon sustainable aviation fuel, or low carbon SAF. This supports the decarbonization of aviation, which is one of the hardest sectors in the global economy to decarbonize. Some investment highlights is essentially at a high level thesis, and then I'll take you deeper. There are six reasons essentially that Cielo stands out in the Canadian clean fuels landscape. First one is that we are an early mover SAF producer in Canada. There is no dedicated SAF production facility operating in this country today, and Cielo's pipeline positions us as a leading domestic supplier into our market with no domestic supply. Two, our pathway uses non-food waste feedstock with integrated carbon capture and storage. Wood waste is abundant, especially in the Prince George area and it does not compete with food-based pathways that today dominate over 90% of global SAF supply. Integrated CCS gives us a negative carbon intensity output. Three, we're using proven de-risk technology, as I mentioned earlier, and four, SAF is a drop-in premium fuel to existing aircraft, existing engines, and existing fuel infrastructure. No conversion's required, and it's sold to fossil jet fuel and negative carbon intensity grows low carbon fuel standard credits that add a second revenue stream on every single liter that we sell. Five, our indigenous partnership model, Project Nahoonai, is structured as a majority indigenous-owned limited partnership with the Lheidli T'enneh Nation, and this is a meaningful equity, not consultation. Six, it's a scalable platform. Nahoonai in British Columbia is advancing toward final investment decision as we go through our pre-feed and feed process, and we look at other models, including those in eastern Canada, where we can apply the same platform that we've created. This slide tells a strategic story. There's a structural gap between SAF demand and SAF supply, and it's widening. Approximately 40-45 airlines have already pledged up to 10% SAF by 2030, and it's over 16 billion liters of committed demand. On the supply side, over 82% of current SAF projects globally rely on a pathway called HEFA, which uses crop oils, animal fats, and used cooking grease. The problem is, though, those feedstocks are inherently limited and the world does not have enough of them. HEFA cannot scale to meet 2030 demand, and this is not a Cielo opinion. This is the position of every credible market forecaster from the IATA to World Economic Forum and the International Energy Agency. Closer to home, Canada has no domestic dedicated SAF production facility, none in British Columbia, and none in North America's first SAF blending mandate. Starting at 1% in 2028 and rising to 3% in 2030, the mandate creates a compliance market with no domestic supplier. This is the gap that Cielo is built to fill, and Project Nahoonai is the first asset positioned to do it. A bit more about Nahoonai. This is our flagship asset. Project Nahoonai in Prince George, British Columbia, is a greenfield, low carbon, sustainable aviation fuel facility developed in partnership with the Lheidli T'enneh Nation. The new name Nahoonai, is approved by the Lheidli T'enneh and reflects the strength of that partnership. There's four things that I can run you through with this project. Feedstock, first of all, is wood waste and residual biomass from surrounding BC forest region that is abundant, low cost, and locally sourced. The partnership is a majority indigenous -owned limited partnership with the Lheidli T'enneh Nation. Along with the market, which is positioned to serve both the domestic compliance market and created by the BC LCFS, along the broader international aviation market, where SAF commands a meaningful premium to conventional jet fuel. This is a project that brings all of it together, and with the right feedstock, the right partner, and the right geography, and the right policy environment, it's all in the right place. Why Prince George? Prince George is one of the most strategically located industrial sites in Western Canada for a project like this. It brings together four advantages that are hard to replicate elsewhere. One is rail. We have direct Class 1 rail access for both feedstock inbound and finished project distribution. Low carbon intensity grid power. British Columbia's electricity grid is hydro. That's reliable and one of the lowest carbon intensity grids in North America. This is critical because the grid emissions profile flows directly into the carbon intensity score of our finished fuel. The forest region that we sit at center is the most productive forest regions in Canada, with abundant local wood waste and residual biomass feedstock. CCS targets. British Columbia offers abundant, well characterized geological sequestration targets to support our integrated carbon capture design. Each one of those is an advantage. The NEXUS Platform is something I want to spend a moment on and why we call it that. It is intentionally coming together, a proprietary framework that powers every project that we're going to develop. We're technology independent, what it means is we don't have a single technology that we are forced across every single site. Each NEXUS Platform project is configured around the best available commercialized technology for the specific feedstock and the specific product date slate at that site. That capability was meaningfully strengthened in April of 2026 when we closed the acquisition of CDL Biofuels, bringing enhanced engineering capability and renewable fuels intellectual property in-house. There are four things that define a NEXUS Platform site. One is secured feedstock with long-term access to reliable, low-cost biomass, as I mentioned before. The Indigenous community partnership, which is a majority Indigenous-owned or community-aligned ownership structure, along with stackable incentive economics. Projects that are positioned to capture federal clean fuel regulation credits, provincial LCFS credits, investment tax credits, and milestone-based compliance instruments all are financed through a project-level limited partnership structure, and an investment grade offtake, long-term agreements, and creditworthy counterparties in aviation, marine, and/or heavy transport. This combination makes this platform not a project. Spoken a bit about the Indigenous partnership model. I want to spend some time on this slide because it's fundamental to who we are. Project Nahoonai is located within the traditional territory of the Lheidli T'enneh Nation. The Nation is not a consultee on this project, they are an equity partner. That partnership is structured through a strategic partnership framework agreement with Tano T'enneh Enterprises and is the economic development entity of the Nation. The Cielo model is a meaningful ownership stake with associated economic returns, not consultation only, not fee for access, long-term equity alongside employment commitments, revenue generation on traditional territory, and training programs. We believe very deeply that this is both the right way to build an energy infrastructure project in Canada in 2026 and is the most durable way to build it. Projects that are co-owned by the nations whose territory they sit on have a fundamentally different risk profile than projects that are merely consulted on. We have seen what happens to projects that get this wrong. We have built Cielo to get it right from the outset. This model is one of our core advantages. Nahoonai is the first asset, but not the only one. We have additional Canadian sites that we're considering, and beyond Nahoonai are evaluating regions in the right combination of feedstock, infrastructure, policy environment, and partnership opportunity. The same disciplined development pathway we have used at Nahoonai will be applied at each site. The investment opportunity in Cielo Waste Solutions today is therefore twofold. You get exposure to a flagship project that is positioned to be Canada's first dedicated SAF facility, and you get exposure to a platform with a repeatable and replicable model that is a national pipeline behind it. I want to speak briefly to the team that's delivering this. I am the CEO, and I've been in the role since May of 2022, and on the board prior to that. My background is 25 plus years of selling, scaling, and creating businesses across strategy, operations, finance, and project execution. Jasdeep Dhaliwal is our Chief Financial Officer and is a CA CPA with nearly 20 years in risk assessment, capital raising, and strategic partnerships, and holds Canadian risk management and ICD designations. Rob Pockar is joining us June 1st as Chief Operating Officer. Rob was previously the CEO of Canadian Discovery and President of Matrix Solutions. He led from 2008- 2020 and brings deep technical expertise in environmental engineering, water resources, and remediation. Matt Scorah joins us as well on June 1st as Chief Development Officer. Matt brings over 20 years across decarbonization, hydrogen, fuels, and petrochemicals. He was previously CTO at Nauticol Energy, and Matt holds a PhD in chemical engineering from the University of Waterloo. This end-to-end project development experience is directly applicable to Nahoonai through FID. Together, we have over 90 years of combined experience across renewable fuels, engineering, finance, and risk management, complemented by a board that brings deep capital markets experience and exploration credibility. This is, quite frankly, the team that will deliver the Platform I've described today. I will close with this. Cielo Waste Solutions is positioned at a rare moment. There's a clear structural demand signal in sustainable aviation fuel. There's no domestic Canadian supply. British Columbia has put a compliance mandate in place, and we have a flagship project in the right geography with the right feedstock, the right partner, and the right power grid. We have a technology approach that de-risks execution, a partnership model that strengthens rather than weakens our project, a leadership team with the operating credentials to deliver, and a Platform that can be replicated across Canada. We are advancing Nahoonai through to final investment decision and are actively engaged with the BC government on the policy and permitting pathway and are building the foundation of a national clean fuels platform. I encourage you to reach out. My email and direct line are on this slide. My team and I would welcome the opportunity to walk you through the business in greater depth. Thank you so much for your time and Robert thanks for having us today. Absolutely Ryan. Thank you very much for your time and your participation to the conference today. Thank you everybody here for watching. As Ryan mentioned, you can reach out to him, or if I can assist in scheduling a meeting or any questions, feel free to send me an email as well. That's Blum, B-L-U-M, @LythamPartners. Again, to learn more about Lytham, please be sure to visit our website or stay connected with us on LinkedIn to be alerted on future events, such as the one here with Cielo. We hope you all enjoy the rest of the conference. Ryan thank you so much for your participation today. Thanks for having me.