Welcome back everyone. Next we have AtlasClear Holdings. They trade on the NYSE American under the symbol ATCH. They're building a cutting-edge technology-enabled financial services platform designed to modernize trading, clearing, settlement, and banking for emerging financial institutions and fintechs. Happy to welcome President Craig Ridenhour. Nice to see you today, Craig. Great to see you, Anna. All right, jump into your update, and then we'll go through some questions. Sure, sure. Appreciate everyone's time. Appreciate the opportunity to be on the presentation again and do a little quick update here. Can everyone see the slides, I assume? Yes. Okay, great. Thank you. Obviously, we're AtlasClear Holdings, our symbol's ATCH. We trade on the NYSE American. I'm not gonna go through the forward-looking statement. We don't have enough time. Who wants to hear that? Just to recap what we're doing, I think a lot of people that are probably following the call right now or actually investors are looking to potentially invest are familiar with what we're trying to do and what we're looking to accomplish, and we're starting to successfully do that. With AtlasClear Holdings, we're a publicly traded holding company. Our primary asset is Wilson-Davis, which is a correspondent clearing firm. It's a unique licensing set. It's a similar licensing set. We're a member at NSCC/DTC, similar to like Pershing or Fidelity. However, we're targeting an underserved segment of the market as it says on this slide. That's the firms up to 1 billion in revenue. Those are regional broker-dealers, smaller fintech firms, ones that can't get direct access into the Pershings of the world. You know, these legacy incumbents being Pershing, and I always use them because most know them. You know, they generally prioritize larger firms. This segment of the market, if you're a small broker-dealer, is really fragmented, and it's very difficult for you to just custody and clear your assets because you can't do that yourselves. What we're looking to build is integrated strategic infrastructure. One, we've got the clearing with Wilson-Davis. Two, as most know, we are close to filing for the acquisition of a Fed member bank of Wyoming. three, we're gonna, over the next period of time, start to scale in digital asset opportunities. Ultimately what that does is create a scalable platform, as it says there, for the next generation of financial institutions. Integrated custody, banking, faster onboarding, lower cost clearing, all advantages, and then ultimately digital asset capabilities for the small segment market. What do we have right now? Again, we went public a couple years ago. I think most know that we acquired Wilson-Davis. Wilson-Davis, if you're following, is doing very well. It's starting to turn quite a bit. We did a lot of work to get there. Most recently, we announced Dawson James Securities that began trading. It's our second true correspondent on the platform. That means an introducing broker-dealer to it, but it's very significant in our development. What I mean by that is that is the business that really scales for us very, very well. That small introducing broker-dealer space that's really looking for clearing opportunities in technology just to manage their clients' assets. Dawson James is now trading on our platform. We had to redo the tech stack essentially, to properly align the clearing applications. That is now done. Where Dawson James took some time to get on board, going forward, that timeframe of introducing broker-dealer coming on board shortens quite a bit. We also have an agreement with LocBox that we announced last year. We've been utilizing the platform, our stock loan department has. It's a tremendous platform. It allows for securities lending and digital infrastructure. Our revenues have accelerated quite a bit. When we originally acquired Wilson-Davis, the stock loan revenue was really relatively minuscule. It has accelerated quite a bit. You could look at our financials. It's grown. We're very excited about where that's going, and that's a big part of our growth, recent growth. Finally, the other thing that we have right now obviously is Commercial Bancorp of Wyoming, which is the Fed member bank, and we've been very vocal about this. This plays an integral part in about the big picture of what we're looking to do. We have been working through a number of things, preparing the application and the submission. We did announce, I don't know if it was a month or two ago, we had updated our stock purchase agreement. We're in really good shape on that, but we're very excited about the platform and architecture that we have in place and going forward. Important to highlight Q2 fiscal 2026 highlights. Please note that we are on a fiscal year-end, and that's a June end. We actually December quarter of this 2025 was actually second quarter of 2026 for us. We demonstrated great growth, 84% revenue growth, positive shareholder or stockholder equity of $21.7 million, $46.2 million in cash and restricted, and then $77.6 million in total assets was up 21%. Things are moving very, very well for us right now. Wilson-Davis, we're excited. Also, as you'll note down there, Wilson-Davis net capital, which net capital is a requirement we have to keep in the firm in order to operate, we've increased that now. At this point, we've almost increased it 50% from the regulatory requirements from when we originally acquired Wilson-Davis two years ago. Really things are going very well at Wilson-Davis. The next slide's just gonna highlight the momentum. Again, 84% year-over-year. You can actually go in. We believe this presentation, actually an expanded presentation is on our website, so you can dig deeper into this, and you can certainly look at the financials. This is just demonstrating the revenue growth is increasing. The earnings growth is increasing certainly year-over-year, you know, the net income, so we're very excited. This is critical part because for the first year and a half after our de-SPAC in February 2024, it was an ugly situation. We had a lot of debt on the books that we had to put on the books. We had deal expenses related to the SPAC transactions. I think in about June 2024, we had about $54 million almost in deal expenses and also debt on the books just to get the transaction done originally in February. Now, that's significant because we only had about $400,000 in net income. If you go back to the previous slide, obviously our net income's accelerated quite a bit. What happened was for the first year and a half, we had to kind of get things cleaned up. Yes, that meant some of those notes were converted. Ultimately what happened was we cleaned up the balance sheet. We flipped stockholder equity from its lowest point. At its lowest point, we were down about - $40 million, and now it's over $21 million. It's about a $60 million improvement as it says there. Our liquidity position has increased significantly as well. To demonstrate that it's gone so well, you know, in the first quarter of 2026, which is the September quarter of 2025, we actually had our going concern removed, which was significant for us. Our balance sheet's in much better position, our liquidity position is much better, and now we really can go into the growth cycle. Revenue scaling framework. We've been on a number of interviews. We've been verbal about this. With our platform, we have a fixed cost basis, so it's about $14 million. Everything above that is really scales and is incremental for us very well. There's variable expenses related to that. With that $14 million base, we can grow and add a number of introducing broker-dealers. Ultimately that's gonna, you know, expand our abilities. You know, it's gonna expand our revenue growth and our income. Also, it'll expand our capital base. Also we're pending the bank integration, which is pending regulatory approval. There's all of these revenue scaling framework pieces, but we're very excited where we're at. That fixed cost basis is significant for us. This valuation comparison, it's kind of. People ask about it. AUC is just assets under custody. All this is demonstrating is that we're highly undervalued in the market, we believe. Now, we're a micro-cap, and that's part of the problem, micro-caps are treated this way. Our numbers are turning in a significant way, and this is just demonstrating that we're significantly undervalued compared to some of our peers. Going forward on the growth strategy, you know, client base expansion, which means adding those introducing broker-dealers. We are looking at strategic acquisitions currently. Client growth and revenue line will come from that. Obviously new product innovation and margin expansion. Down the line, and this is well down the line because we've got a lot we can do domestically, but we'll have international expansion. I know I ran through that quickly. We have a larger deck that's available on our website that you can dig in a little farther on, but I just wanted to run through that. Wonderful. Thank you, Craig. A few moments left. Talk about what steps you're taking to stay compliant with New York Stock Exchange American. Well, as of right now, we are compliant. You know, I know the 10-cent threshold is in everyone's mind. I do wanna clarify for everyone, some people still think that there's a $1 threshold on New York Stock Exchange. It's not. There's a 10-cent threshold. Now, the New York Stock Exchange, Anna, did propose just a few months ago a change to that 10-cent to a 25-cent threshold. Now we don't agree with it. That's an arbitrary number. We actually made comments. It was open for a comment period that people can go out there online and find it. We made the first comment and laid out a very, you know, a very thoughtful process and argument of why that shouldn't be there. Plus, on top of that, it also encouraged short selling and a number of things that really, really damage micro-caps. I would encourage people to look at that. We are mindful. The SEC in March, actually, we believe, in response to some of our comments, we've made another comment to deny that movement to the 25-cent threshold, which would be effective October first. We believe that ultimately will be denied. It's not a guarantee, but we have contingencies in place and plan for it in case that changes. Okay, perfect. Well, Craig, we are out of time. We do have lots of questions for you. We will send to you, so you can answer our viewers on your own time. Thank you for this update, and we look forward to seeing you again real soon. Absolutely. Sorry about the technical difficulties. It happens to all of us. All good. All right. Thank you, everyone. Thank you very much. We'll be right back. Thank you. Hello and welcome everyone. For those who are not familiar with Impact Minerals, we're based in Western Australia, and one of the many things it's famous for is its abundance of natural salt lakes. There's a picture of some of the pretty ones here. As it turns out, these are actually amazing natural laboratories. Each one of those lakes has a different chemistry and different characteristics about it. Over time, they've become very important sources of salt, dolomite, potash, and now high purity alumina. Our lake in particular at Lake Hope contains something in the order of about $15 billion worth of high purity alumina in the top two meters of that lake. Our plan is very simple, that we're going to dig that material up in a very environmentally friendly way, leave a hole in the ground that's only a meter deep, and transport it to Perth, where we will process it with a groundbreaking technology that we acquired out of administration last year to produce high purity alumina owned in a subsidiary of ours called Aluminous Proprietary Limited. We believe that a combination of this lake with its cheap mining and the revolutionary breakthrough of producing high purity alumina will allow us to become the lowest cost producer of high purity alumina globally by a significant amount. My name is Dr. Mike Jones. I'm the Managing Director of Impact Minerals, and we've been putting these projects into action over the last three years. What is high purity alumina? It is a critical mineral for the high-tech future that we're all entering. It's used in LEDs. It's used in artificial sapphire on watches. It's used extensively in defense, which is obviously very topical right now. It's used in advanced ceramics. The real big growing areas are for use in semiconductors, where it's used to help with the thermal dissipation away from the semiconductor itself. It's also used to polish the particles that are in semiconductors, in particular silicon carbide and gallium arsenide. Another big growing market, in particular in North America, and one that we intend to really push towards is in the battery market. HPA is used within batteries basically to stop them exploding. They're used to prevent heat buildup in the battery, but it allows the chemistry to flow through, and it prevents thermal runaway. We've all seen videos of lithium-ion batteries catching on fire. That's because the HPA isn't doing its job properly in those materials. Those are really big growth areas, and an emerging new area is in Direct Lithium Extraction, where precursors to HPA, which we can make, are used to extract the lithium. We believe that's a very big market. What we're seeing is a significant global undersupply of HPA in the next few years. This is a graph that's been put out recently by a research group and another listed company. We're seeing in the shaded gray area there that within a couple of years, we're gonna see a very tightening of supply. Very importantly, we're seeing a compound annual growth rate of in excess of probably 15% per annum. As we find more uses for this quite incredible material, which is one of the hardest substances known to mankind, it's thermally inert and chemically inert. We believe that we can revolutionize the development of HPA by becoming a dominant global supplier by 2030, and that's gonna be driven by us becoming one of the lowest, if not the lowest cost producers of HPA. We're gonna do that by being able to be building low-cost, small modular plants that are gonna allow that rapid global commercialization. We're gonna demonstrate that that's a possibility by scaling production from our pilot plant that we now have in Perth to our first commercial plant, which we believe will be in North America. To help us do that, we're using patented membrane technology, working with the university here in Perth and doing some groundbreaking work to routinely deliver the high purity materials that are required. This is what I call my pyramid of purity, and this is aluminum oxide. We talk about 4N, four nines. It's 99.99% pure. Sitting in the middle of this pyramid here, this is sort of like the benchmark that people want to get to. You can do 3N, and then there's obviously smelter grade alumina that you get from the aluminum refineries. There's 5N and 6N in through here. Ultra pure materials. They all command very good revenues and very good margins. The purity up in the 5N and 6N, there's not a big market there. The volume is all here in the 4N and the 3N space, and that is where we intend to enter the marketplace. It's a high margin and high demand business. This is a cost curve analysis that we're looking at, and we believe that we'll be the lowest cost producer once we're in production in a couple of years' time. The drivers of that low cost are our unique deposit at Lake Hope, and this is how we drilled out our $15 billion worth of material. This is trucking the material into Perth, and we have enough for a multi-decade life. We've recently discovered a breakthrough new process to produce potash and hydrochloric acid. We believe that this is gonna be a second string to our bow. We've identified an area close to markets in Western Australia, both for fertilizer and for mining, and that's a big thing to keep on going forward. We've done a lot of work moving forward. Sorry, I seem to have a bit of a hiccup there. I seem to be stuck in a loop. There we go. As part of the Aluminous purchase, we now have a pilot plant that is operating in batch mode, moving towards continuous mode. We're in the ability now to produce HPA almost at will at the bench scale, one of the very few companies in the world to be able to do that. We've had a breakthrough which indicates that we can take our pilot plant and turn it into our first demonstration plant with a 10 x throughput, and we have a CapEx that is extraordinary. It's gonna be at least one-fifth, if not one-tenth less than any of our competitors anywhere in the world. We've started a strategic agreement with C-4V, a group out of Binghamton University in New York State. They are taking our material and doing a lot of the test work required by battery manufacturers, and we believe that's gonna be our first breakthrough into the market, in particular in North America. Now, as I mentioned, we're gonna be able to build modular small-scale plants around the world. We're getting some interest in that already, and it's gonna change the way HPA is made globally, and we believe that we're gonna be leaders in the space. Currently, there are two other competitors in Australia, Advanced Energy Metals and Alpha HPA, and we're having the same problem. We're currently valued at one-tenth to one-twentieth of those two competitors. We'll be in a position to overtake them in their annual production as soon as 2030. There's a significant uplift there. From here, we've finished the plant, we've turned it on, and we've got it up and running. We're engaging with customers this year, initial qualification offtake, and in 2027, we're looking to establish our first commercial base in North America. Currently, we just raised AUD 2 million in capital. We're well-funded to do that. Very well supported by our top 20, which own 45% of the company. That's where we are. It's been a very busy six months. We still aim to be the lowest cost producer globally. We have this unique deposit, unique technologies both in Western Australia. We're now starting our customer outreach, and we hope to deliver into this high margin, growth market with significant upside potential as early as 2027. If you have any questions, please get in touch with me. Thank you.