Ladies and gentlemen, thank you for standing by. Welcome to the Standard Lithium's Earnings Conference Call for the six-month period ending December 31, 2024. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. It is now my pleasure to turn today's call over to Salah Gamoudi, Chief Financial Officer. Sir, please go ahead. Thank you, and welcome everyone to our earnings conference call. Joining me on the call today are David Park, CEO and Director; Andy Robinson, President, Director, and COO; and Mike Barman, Chief Development Officer. Before we begin, I would like to note for our audience that on November 18th, 2024, the company changed its fiscal year-end from June 30 to December 31. The decision to change our fiscal year-end to a calendar year-end was to align the company's reporting cycle with the reporting cycle of our joint ventures, to align with other lithium development peers, and to align our reporting cycle with how we manage our business. Our MD&A reports the company's financial results for the period from July 1st, 2024, through December 31st, 2024, which it refers to as the six-month fiscal period ended December 31st, 2024. Following the six-month sub-period ended December 31, 2024, the company will file an annual report for each 12-month period ended December 31 of each year, beginning with December 31, 2025. Also, as a reminder, some of the statements made during our call, including any forward expectations, company performance, and timing of projects, may constitute forward-looking statements. Please note the cautionary language about forward-looking statements contained in our press release, which also applies to this call. I'll now turn the call over to David. Thank you, Salah. The last calendar year has been a transformational one for Standard Lithium, but I find it rather fitting that we're here today reporting on results from the last six months of 2024 because it highlights what I believe is a major theme for our company: transition and progress. In May of last year, we announced a landmark strategic partnership with Equinor. It was a major accomplishment for the company, one that we believe validated the quality of our team, experience, and effort, as well as our resource and flowsheet. In addition to a validation of the past, it was a signal of where we are headed. It was time for Standard Lithium to accelerate its progress and carve out its place in the future of critical minerals production in America. At the corporate level, there was work to be done to high-grade our staff, systems, and processes while maintaining cost discipline and operational efficiency. We made strategic additions to our team, bringing in critical expertise across all levels, from brine processing to our management and project executions team to our board. In concert with Equinor, we developed work programs for Southwest Arkansas and East Texas that advanced our projects and positioned them for further success as we finalize the preparation of our Southwest Arkansas FEED study and subsequent DFS by mid-2025. A key input to our DFS will be the royalty rate assumption, which we hope to define with the Arkansas Oil and Gas Commission by mid-2025 as well. On the financing front, one other major highlight is the status of our DOE grant. After announcing our selection as a recipient of a conditional award last September, we finalized all terms and conditions and closed on the $225 million grant in January of this year. This was a tremendous vote of confidence for our Southwest Arkansas project. In the months since our award was announced, our team has been in consistent communication with officials at all levels of government, and we feel confident that our project remains in good standing, having received nothing but support from local, state, and federal leadership. Also, at Southwest Arkansas, we have commenced a rigorous and disciplined project finance and customer offtake selection process for the first phase of the project. We've selected a highly qualified and experienced advisor with very relevant and recent success to help lead those processes. We plan to announce further information on the process as we advance forward into 2025. Our team has also been busy securing our planned area of interest in East Texas, having identified an area of interest spanning over 185,000 acres, broken into several potential project areas. We have leased a significant portion of our area of interest, specifically in regards to our first planned project in the area, and we plan to publish a maiden inferred resource report in the third quarter of this year. As a reminder, our East Texas assets have been shown to contain the highest level lithium concentrations per liter of brine in our portfolio and have the largest area of interest in terms of gross acres of any of our assets. We look forward to further defining this asset's potential for our shareholders this year. Moving forward, our primary focus of effort and capital allocation has been and will continue to be our highest grade, largest scale, and most productive assets in Southwest Arkansas and East Texas with our JV partner, Equinor. As always, we will prioritize the resources and activities that we believe will produce the highest returns for our shareholders and foster the development of a sustainable critical mineral supply chain in the United States. As a result, while further commercial development at our 1A project is not ruled out, given the relatively lesser grades and smaller scale of that project compared to Southwest Arkansas and East Texas, the focus of the company for the foreseeable future will be our most economic resources. That said, we plan, in partnership with Koch Technology Solutions, to continue to use the demonstration plant in Union County as an essential test and technology development center to not only demonstrate the de-risked and commercially ready DLE technology for the first commercial project at Southwest Arkansas, but also as a test bed to continuously improve our processes and flowsheet for future projects. For highlights on how we did on an operational level, let me pass it over to Andy. Thanks, David. As you mentioned, during the latter half of 2024, much of our effort and attention was on moving our projects from de-risking towards development. For five years, we've been operating a large-scale demonstration plant in Arkansas, where we processed over 28 million gallons of actual Smackover brine and produced in real time from the formation. During the last few years, we've worked with our partners at Koch Technology Solutions to develop, streamline, and optimize our integrated DLE flowsheet, culminating last April in the successful commissioning and operation of a commercial-scale column at the plant. Whilst we had done some testing with our Southwest Arkansas brines, a question still remained: how would our flowsheet perform continuously using our Southwest Arkansas brines? That question has now been answered. In October, we announced the signing of a license agreement to use Koch DLE technology within our flowsheet for our Southwest Arkansas project, and we followed that up with successful field pilot testing. Starting in December, the SWA project team operated an on-site 24/7 DLE field pilot through to late February. The performance of the plant surpassed our key performance metrics. Lithium recovery far exceeded the design criteria, recovering over 99% of lithium from brine produced from the IPC well located on the SWA project. At the same time, the DLE also rejected all the key contaminants as per current feed design levels. This was the final step in de-risking DLE technology for Smackover brines, and we're now ready to commercialize this technology at our SWA project. In addition to the de-risking of the DLE technology, we received an important byproduct from this process: large volumes of DLE product to be sent to third-party vendors for conversion to battery-quality lithium carbonate. Approximately 970 gallons of high-purity, 6% lithium chloride solution has been sent off-site to three separate potential lithium carbonate package equipment vendors, and these vendors are expected to produce, in total, approximately 27 kilos of battery-quality lithium carbonate by May 2025. We will be using those samples in the qualification process with potential offtake partners that David referred to earlier. We also commenced an extensive field program in December, consisting of the successful drilling of a new well, the Lester Well, and additional well re-entries within the SWA project area. This testing, in addition to collecting brine for a field pilot test, provided additional data that are critical in helping us further define our understanding of the reservoir properties. Our work there has demonstrated that reservoir properties are better than previously assumed in the preliminary feasibility study and that lithium grade is similar to or better than previously modeled in the PFS. This field program, together with our field pilot, leaves us confident that we've now completed the necessary testing of the flowsheet and the reservoir, and we can complete all FEED work and our DFS with a general window for completion in the mid-summer. In East Texas, we also continue to make meaningful progress in securing a significant lease position and defining our understanding of the resource. As David mentioned, we have a total area of interest of approximately 185,000 acres, and within that area, we've identified an initial 65,000-acre position for our first potential project in East Texas, which is centered on Franklin County. This is an area where we've already drilled three exploration boreholes and have collected brine samples that demonstrate a very high-grade lithium brine resource. We've already leased a significant portion of our first project area and we're on track to produce a maiden resource report for that project area later this year. We've been very supportive of the new brine rules approved and published by the Texas Railroad Commission, and this excellent regulatory clarity and guidance, in combination with a very high-grade brine, is why we expect East Texas to become a globally significant lithium resource. With that, I'll turn the call over to Salah, who will speak to our financial results. Thank you, Andy. For the three months ended December 31, 2024, we reported a net loss of $24.7 million. The net loss during the three-month period ended December 31, 2024, was primarily driven by an impairment of our California assets. Over the last six months, the company has put a lot of effort into assessing our future plans. After careful consideration, we have determined that our investments are best suited to being directed towards our highest grade and highest potential return projects in Southwest Arkansas and East Texas. As such, we are no longer budgeting for any material future capital expenditures towards our California properties or further project development at this time, instead choosing to focus the organization on our best assets. As a result of this decision, the company has reduced the carrying value of the California properties to zero, resulting in a $19.7 million impairment expense. Now, focusing on our operational results, when comparing the quarters ended December 31, 2024, to June 30, 2024, G&A is down to approximately $2.7 million from $6.8 million. Demonstration plant expenses are down from approximately $2 million down to $0.8 million, and management and director fees are down from $1 million down to $0.4 million, totaling a near $6 million reduction in quarter-over-quarter burn rate regarding these three line items. These reductions in corporate overhead and operating expenses are due to several factors, namely, one, a strong focus on cost discipline; two, improved and streamlined processes; three, outsourcing of required but less strategic and technical corporate positions, such as accounts payable and cash management; four, reduced advisory fees; and five, the ability to cost-share resources between Standard Lithium and our joint venture partner. Moving on to our balance sheet, we closed 2024 with a working capital balance of approximately $27.5 million and cash of approximately $31.2 million. Given the structure of our Equinor transactions, the development plans of East Texas and Southwest Arkansas are being sole-funded up to a total spend of $20 million and $40 million, respectively. With our cost management strategy showing signs of strength, our JV is still operating within their Equinor sole-funded commitment and additional financial flexibility available through our at-the-market offering program. We exit 2024 with confidence that we have sufficient liquidity to meet our near-term commitments, obligations, and project milestones. However, we do expect that the sole funding of our projects by Equinor will run out over the next quarter, and therefore, the company will be required to start making its share of capital contributions to the Southwest Arkansas and East Texas projects at that time. As David mentioned, we have commenced and are moving forward on a process of securing customer offtake agreements and project debt financing for the first stage of our Southwest Arkansas project with an advisor with a record of success. We look forward to sharing more on the development of these processes as we move forward into 2025 and accomplish key milestones. Now, I will pass it back to David for some closing remarks. Thanks, Salah. Since the closing of our partnership with Equinor last May, we've been hard at work to transition the company from de-risking to development. Our work program at Southwest Arkansas completed the de-risking of our DLE technology and further refined our understanding of the resource, both of which we expect to underpin our FEED study and DFS, bringing us one step closer to FID. Our efforts in East Texas to expand our footprint bring us ever closer to a main resource report expected this summer. At the corporate level, we continue to focus on cost management and operational efficiency while adding deep talent and expertise across all levels. Despite the continued uncertainty around pricing and demand in our sector, we'll continue to advance the development of our assets with conviction, with hyper-focus on our most productive resources. We believe the Smackover region is a globally significant resource, and we look forward to working with our partners to unlock that potential. Thank you. Operator, back to you. Thank you. If you would like to ask a question, please press star, followed by the number one on your telephone keypad. To withdraw any questions, press star one again. Our first question today will come from Gregory Jones from BMO Capital Markets. Please go ahead. Your line is open. Good afternoon, David and team. I had a question regarding last week's announcement by the U.S. administration where they issued an executive order on increasing American mineral production. It mentioned including streamlining the permitting process and potentially accelerating things like private and public capital investment. Do you have any early views on whether there could be potential benefits to Standard Lithium from this announcement? Thanks, Greg. Sure. We have obviously read the executive order a few times, backwards and forwards. We've spent a lot of time over the last number of months since the new administration has come in in D.C. We actually have our team in D.C. again next week. I would tell you that overall, our reading of the executive order is quite positive. If anything, it should help facilitate and speed up regulatory approval of projects like ours, and it may open up avenues for additional sources of funding. Other than that, it's a little premature to give any specificity on how it may help. Great. Thank you. Our next question comes from Joseph Reagor from Roth Capital Partners. Please go ahead. Your line is open. Hey, guys. Thanks for taking the questions. It's deeply to the Trump question, but I guess another one on the royalty structure in Arkansas. When do you guys expect to have a final outcome there? Sure. I'll take that one first. Since last November, we've been actively involved in a dialogue with the Arkansas government, with the Arkansas Oil and Gas Commission, with both staff and commissioners, actively engaged in a dialogue with all the regional stakeholders. I'm quite confident we're going to get a positive outcome with respect to the Arkansas royalty by the end of the second quarter of this year. Okay. That's good to hear. I just kind of want to ask on the LANXESS project. It sounds like your guys' view there is one day it'll probably still happen, but for today, it wouldn't be your first choice and probably not the second choice. Your partner there is not necessarily as keen to get it done as Equinor is at the other assets. Is that a fair way of summing it up? I think overall, it's a fair way of summarizing it. I'll turn it to Andy in a second to add to my comments. We are really focused at this point in time on developing our best resources. We have our highest-grade lithium in Southwest Arkansas and in East Texas. We have well-funded partners that are eager to see us develop those projects. We are very focused on executing on those and delivering them for the benefit of shareholders as soon as possible. LANXESS 1A, the assets there, is still a critically important portion of our portfolio. We'll continue to operate it as a demonstration unit. At some point in time, if we have an option to go back and pursue that asset. Andy, do you have any additional comments to add to that? Yeah. The only other thing, really, I'd say, Joe, is that we formed the JV with Equinor. We've got those project teams up and running. We're determined to move Standard Lithium and the JV from development through to FID into construction and into operation. We're really just making sure that the teams are just fully focused. As ever, clearly, you're aware of the general market backdrop. We need to make every dollar count. The team is just fully focused on the first project, the one that we're going to bring to commercialization the soonest. All of our efforts from that kind of the development, the engineering team is on that Southwest Arkansas first phase project. That's really kind of just the pure focus of the team right now. Fair enough. Thanks, guys. I'll turn it over. Our next question comes from Jeffrey Robertson from Water Tower Research. Please go ahead. Your line is open. Thank you. Good afternoon. With respect to the offtake agreements, can you talk at all about how wide of a net you're casting with potential customers? Sure. We started with a very wide net. Back in, I'll say, early part of this year, we started with a very wide net that cast approximately 40 potential counterparties. As you know, we're looking to produce lithium carbonate as opposed to hydroxide at this point in time. That then narrows the field somewhat. We went from 40 quickly down through a funnel of approximately half of that entered data rooms. Now we're involved in detailed advanced discussions with a couple handfuls of players at this point in time. We cast a wide net, but now we're focused on the ones where we think we have the highest probability of getting to the right answer for us. Do you feel like you're in almost a competitive race to get to FID with Southwest Arkansas to lock up some of these potential customers and also financing providers? I think it's important for our shareholders that we execute in a timely manner and we get to cash flow sooner than later. I do not believe we're in a race with others at this point in time to try and secure offtake. What we are finding is that there is robust demand for lithium carbonate in the 2028 and beyond timeframe. That matches up quite well with our plans. Lastly, if I may, how much of the learnings from Southwest Arkansas and the demonstration plant do you think you'll be able to take to East Texas to maybe advance those projects on a quicker timeline than Southwest Arkansas? Sure. I'll turn that one over to Andy to answer. Yeah, sure. Thanks, Jeff. I mean, the way that we see this playing out over the next few years, Jeff, is we are looking with this first project to Southwest Arkansas to develop the key relationships with vendors and partners relating to the construction of the project. As much as we can, we hope to repeat those into the next phase of projects, both in the second phase at Southwest Arkansas as well as the potential that we see in East Texas. Yeah, we definitely hope to build the institutional knowledge within ourselves, within Equinor, within the JV team, with our vendors, with our construction and equipment supply partners, yeah, to allow us to streamline, make the scale-up and rolling out of the technology solutions in East Texas quicker, cheaper, and easier, basically. Definitely seeking to find ways to be able to replicate the technology and the flowsheet and the project development in a more timely, lower-cost manner as we sort of work through the very high-quality resources that we have to play with. Thank you. For any additional questions, please press star, followed by the number one on your telephone keypad. Our last question comes from Noel Parks from Tuohy Brothers. Please go ahead. Your line is open. Hi, good afternoon. I just had a few. I was wondering about East Texas and your leasing there. I'm just wondering, what are some of the components of the lead that I assume you have over others who may have become aware of the play once you guys went public with it? Just in terms of data and so forth, kind of what do you have that you think gives you an advantage in identifying the target acreage? Andy, I'll hand that one over to you. Yeah, sure. Thanks, Noel. I mean, I think one of the key things is that we know where we want to be, Noel. We started working in East Texas over three years ago now. We've built up a very keen understanding of how the Smackover Formation works, given our experience working with LANXESS on their producing assets, and then given all of the exploration work that we've done in the Southwest Arkansas project area. All of the thousands of miles of 2D seismic that we've looked at, all of the well logs, all of the actual testing work that we've done. We've been able to apply that sort of institutional knowledge within ourselves and now also with Equinor as well to understand really which parts of the Smackover Formation make sense for us. Where are the good areas to be leasing? Where do we see the potential for both good grade, but also good rock properties, good production characteristics, etc.? That is probably one of the key sort of advantages, if you like, Noel, is that we've spent a lot of time understanding the reservoir characteristics in and around East Texas and then focusing our leasing efforts there. It has been a very strategic, very focused effort in the region. Clearly, East Texas is a very large area, and the Smackover Formation is very extensive in the region. We have been strategic and focused in the areas. We have been looking to spend money and secure large, valuable packages of leases for future development. Great. I'm just wondering, I mean, what distinguishes areas? Is that topography, subsurface characteristics? I don't know if you have any issues with faulting in that region or just simply lease availability where it's possible to get pretty big areas instead of having to chase really small parcels. Are any of those kind of the most important in helping you out? Yeah. I mean, we're sort of looking for the areas where we think production is more predictable. I think that's one of the, again, one of the great benefits that we've had from working on the LANXESS sort of properties over the years is understanding what types of deposits within the Smackover give the best sort of producibility, if you like. I mean, looking for those analogous types of sort of sections of the formation in East Texas. That was principally done through looking at historical and previous 2D seismic work, Noel. There's been a huge amount of 2D seismic run across the Smackover over the years. Being able to analyze that, looking for the good areas, tying that in with well data where there is well data. We've drilled three exploration wells in the Smackover in those key areas. Those all validated very much our sort of conceptual model, if you like, which kind of really clarified for us that we knew what we were looking for and we were leasing it correctly. That was part of, I think, also going public with telling the investor community where our first project's going to be located in and around Franklin County was important to sort of start to get a bit of ground truth out there. Great. Thanks. I just wanted to ask a bit about the regulatory environment in Washington and so forth. You mentioned you've been in communication with officials at all levels. I just wondered, on the federal level, given the particular folks that you'd be interacting with, has there been sort of wholesale turnover there or relative stability of the people you're talking with, kind of whole new crowd? Or maybe thinking maybe on the technical side, maybe a lot of sort of the same people? Sure. I'll take that. As you know, in January, we went final with a grant from the DOE. There was obviously some uncertainty or questions that some people had with respect to how the new administration would look at grants made by the previous administration. I would say that they spent a little bit of time. They reviewed the grant. We're talking to the same people we were talking to before. We're maintaining a dialogue with the DOE as well as all the local, state, and federal leadership. We have invoiced them for we've submitted our first invoice to them to collect on the grant, and they have paid us on that grant. As far as all signs from all discussions in D.C., what we're seeing is an administration that is incredibly supportive of domestic critical minerals production and being constructive in helping us move these projects forward on a fast basis. Great. Good to hear. Thanks a lot. Our last question will come from Jeffrey Robertson from Water Tower Research. Please go ahead. Your line is open. Thank you. Andy, going back to your prepared remarks, you mentioned that some of the work you've done at Southwest Arkansas points to better reservoir quality. I think you said better lithium concentration than you might have previously thought. I'm sure this is something that's going through the DFS work, but can you talk at all at this point about what impact on costs that might have? I think that will come out in the conclusion of the FEED study and the DFS, Jeff. All I would say is that it's very helpful. In very simple terms, we can probably reduce initially the number of production wells that we'll require based relative to what was previously modeled in the PFS just because the reservoir characteristics are improved than previous. Similarly, we're focusing the project in two phases. The first phase of the project is principally the southern half of our lease package. Around the Southwest Arkansas project, we're seeing slightly improved lithium grades. That also helps in terms of the grade coming into the front of the plant is going to be slightly improved. These are all just helpful tailwinds when I'm going through the design and the final CapEx and OpEx for the project, Jeff. These are all useful considerations. I mean, I'm sure you've been around the mining world long enough. It's rare that you kind of refine the project and get closer and closer and things get better and improve. It's a very pleasant position to be in where we're seeing the rock properties being better than previously assumed, the grade being slightly higher than previously assumed. These are all great things to have to consider as we kind of move to wrap up the engineering phase of the project. Good. Thank you for taking my follow-up. Pleasure. We have no further questions. This will conclude today's conference call. Thank you for your participation. You may now disconnect.