Thank you for standing by, and welcome to the Lightbridge Corporation business update and second quarter 2022 conference call. Please note that today's call is being recorded. It is now my pleasure to introduce Matthew Abenante, Director of Investor Relations for Lightbridge Corporation. Thank you, Justin, and thanks to all of you for joining us today. The company's earnings press release was distributed after the market closed yesterday and can be viewed on the investor relations page of the Lightbridge website at www.ltbridge.com. Joining us on the call today is Seth Grae, Chief Executive Officer, along with Larry Goldman, Chief Financial Officer, Andrey Mushakov, Executive Vice President for Nuclear Operations, Sherrie Holloway, Controller, and Jim Fornof, Vice President for Program Management. I would like to remind our listeners that any statements on this call that are not historical facts are forward-looking statements. Today's presentation includes forward-looking statements about the company's competitive position and product and service offerings. During today's call, words such as expect, anticipate, believe, and intend will be used in our discussion of goals or events in the future. This presentation is based on current expectations and involves certain risks and uncertainties that may cause actual results to differ significantly from such estimates. These and other risks are set forth in more detail in Lightbridge's filings with the Securities and Exchange Commission. Lightbridge does not assume any obligation to update or revise any such forward-looking statements, whether as a result of new developments or otherwise. With that, I'd like to turn the call over to our first speaker, Seth Grae, Chief Executive Officer of Lightbridge. Hello, Seth. Well, thank you, Matt, and thank you all for joining us to discuss Lightbridge's second quarter 2022 results. Lightbridge's progress and momentum during the first half of 2022 has been encouraging, and our outlook for continued momentum in the second half of the year is just as promising. Also, thus far in 2022, we have further strengthened our intellectual property protection of Lightbridge Fuel technology by securing patents from Canada and Eurasia, ensuring that our intellectual property will enjoy broad protections in support of our efforts to commercialize Lightbridge Fuel. Last week, we announced that Lightbridge signed a memorandum of understanding with Curio, a company that is developing technology called TRUfuel to produce transuranic materials from recycling used nuclear fuel. Under this MOU, we will explore government funding opportunities with Curio relating to Curio's TRUfuel technology and potential use of transuranic material as feedstock in Lightbridge designed metallic fuel rods to power existing large reactors and coming small modular reactors. We're impressed with Curio's recent progress, including their MOU with Energy Northwest, as an industry partner and potential offtaker of products produced through Curio's nuclear waste recycling process. Last month, we announced that MIT was awarded an $800,000 grant from the U.S. Department of Energy's Nuclear Energy University Program R&D Awards to study the deployment of accident-tolerant fuels in small modular reactors. Within this study, MIT will simulate the usage and safety performance of Lightbridge Fuel inside a NuScale small modular reactor. Importantly, this research dovetails with our strategic focus on fueling SMRs and PWRs of the future and the potential additional benefits Lightbridge Fuel rods will bring to SMRs. This is another example of the exciting collaborative efforts between Lightbridge and DOE. This project, similar to our two GAIN vouchers, represents important work on the path to commercialization that is being supported by DOE. We are seeing growing support for nuclear power, particularly in government, in providing energy security for ourselves and our allies, and also for climate reasons. Importantly, we are seeing stepped up support for nuclear power from government, which Lightbridge expects to benefit from. Lightbridge's nuclear fuel technology can help the U.S. government meet its strategic goals. As I've spoken about in prior calls and interviews, Lightbridge is in negotiations for a strategic partnership project under which Lightbridge Fuel will help America meet its clean energy and energy security goals. This series of agreements will allow for cooperative work at Idaho National Laboratory leading up to irradiation testing of fuel samples in the Advanced Test Reactor. This is a key critical path step necessary to support fuel performance modeling and regulatory licensing efforts for commercial deployment of Lightbridge Fuel. As you have seen in the news, many European countries will start rationing natural gas and will hope for a mild winter. Germany will soon decide which companies have to shut factories to ration power. The great need in the marketplace is for more power. It's not a coincidence that earlier this month, the European Union voted to include nuclear power in its green energy taxonomy, which will help bring more money into projects that the EU considers to be sustainable and will slash greenhouse gas emissions. New reactors are under construction on order or planned across the U.K. and throughout Europe. It's also encouraging to see that Belgium has scaled back plans to phase out nuclear reactors. Similarly, over in Asia, South Korea has scaled back plans to phase out nuclear reactors. The technology surrounding reactors of the future is compelling for their reduced size and greater efficiency. However, at Lightbridge, we believe that fuel is the secret of nuclear energy, and our fuel will help shape the future of nuclear energy. Current fuel rods have only had incremental changes in design over the approximately 65 years of the nuclear power industry. Lightbridge has reimagined the nuclear fuel rod using advanced technology to make nuclear fuel even safer and more economical than today's fuel rods without compromising on safety and quality. Much of the discussions among industry, the administration, and Congress is about energy security and ensuring that there's enough power being supplied. One of the many benefits of Lightbridge Fuel will be 30% more power than with standard nuclear fuel rods for new reactors designed to take that added power. The 30% is based on a preliminary assessment we performed for a power upgrade for an EPR reactor. We believe similar power uprates will be feasible in other large reactors as well as SMRs. Our confidence continues to grow about the improving competitiveness of nuclear energy for baseload power generation and transitioning our power grid to clean energy sources by 2050. This month, The Breakthrough Institute published a report that evaluates what a clean energy transition in the U.S. will look like, incorporating advanced nuclear energy, stating that bold investments in advanced nuclear technology in the United States will advance technological innovation, secure leadership in international nuclear markets, and support national energy security and electricity grid resilience, all while improving the environment and health and accelerating U.S. climate action. A report published by the International Energy Agency last month concluded that, quote, "The policy landscape is changing, opening up opportunities for a nuclear comeback," unquote. Countries seem to be waking up to the realization that they can't meet their national security, energy, or climate goals without nuclear energy. Now we're seeing this is really starting to happen. Just yesterday, we were pleasantly surprised with the news of a deal between Senators Joe Manchin and Chuck Schumer on a reconciliation bill that will invest $370 billion in clean energy and climate change programs, which offers support for hydrogen, renewables, and nuclear energy. We are happy to see that the bill includes a production tax credit for existing nuclear plants to help keep them operating. Plants that keep operating will be able to use our fuel, which also will provide economic benefits to the plants. In addition, the bill includes funding for national labs, which is important for testing new technologies such as ours. Most importantly for us, the bill includes $700 million to support the availability of HALEU, High-Assay Low-Enriched Uranium, for research, development, and demonstration. HALEU is used in our fuel technology. This bill is a major and necessary step forward to secure a domestic HALEU supply, which is long overdue and will have a strong positive impact on our ability to produce Lightbridge Fuel rods. I'll turn the call over to Andrey Mushakov, Executive VP for Nuclear Operations, who will give us a quick review of our near-term research and development activities. Andrey? Thank you, Seth. As Seth mentioned, we continue to make progress in our fuel development program. We continue our ongoing work on the second GAIN voucher with Pacific Northwest National Laboratory or PNNL. The scope of this project is a demonstration of our fuel casting process using depleted uranium in a 50 weight percent alloy with zirconium. This is a key step in the fabrication process for our fuel, and it also informs our approach to fabrication of fuel samples for irradiation in the Advanced Test Reactor at Idaho National Laboratory. The total value of the project is approximately $660,000, with three-quarters of this amount funded by the U.S. Department of Energy for the scope performed by PNNL. We will provide further updates as we make additional progress on this project in the coming months. We're designing Lightbridge Fuel to enable small modular reactors to more efficiently load follow than is achievable with current nuclear fuel, ramping up and down in power as renewables are available. SMRs with Lightbridge Fuel can combine with renewables to power a zero-carbon electric grid. In addition, we expect Lightbridge's technology to reduce the cost of generating electricity from an SMR, which strengthens the business case for deploying large numbers of SMRs to deliver reliable power and meet energy security and climate goals. Back to you, Seth. Well, thank you, Andrey. Now I will turn the call over to Larry Goldman, Chief Financial Officer, to summarize the company's financial results. Thank you, Seth, and good afternoon, everyone. For further information regarding our second quarter 2022 financial results and disclosures, please refer to our earnings release that we filed yesterday and our Form 10-Q that we will file with the SEC later today. The company's working capital position at June 30th, 2022 is $29.2 million, compared to $24.7 million at December 31st, 2021, an increase of $4.5 million. Total assets were $29.8 million, and total liabilities were $0.5 million at June 30th, 2022. Today, we have ample working capital and financial flexibility to support our near-term fuel development expenditures. This is very important to Lightbridge and our stockholders, as well as our external stakeholders, such as the federal government, to ensure that we have sufficient working capital as well as the ability to access capital in the future in order to conduct our R&D activities. Total cash used in operating activities were $3.1 million for the six months ended June 30th, 2022, a decrease of approximately $4.6 million compared to $7.7 million for the first half of 2021. This decrease was due primarily to the dissolution of our former joint venture last year and the payment of approximately $4.2 million for outstanding invoices for work performed and other expenses incurred. Total cash provided by financing activities for the six months ended June 30th, 2022 was $7.6 million due to an increase in the net proceeds from the issuance of common stock by our at-the-market facility, ATM. In support of our long-term business and future financing requirements with respect to our fuel development, we expect to seek to continue additional DOE funding in the future, along with new strategic alliances that may contain cost-sharing contributions and additional funding from others in order to help fund our future R&D milestones, leading to the commercialization of Lightbridge Fuel. Lightbridge is working with the U.S. National Laboratories on R&D activities, and is negotiating new contract tracks for additional future scopes of work in 2022 and beyond. Net loss for the second quarter of 2022 was $1.5 million, compared to $1.6 million for the second quarter of 2021. I will now turn the call over to Sherrie Holloway, our Controller, who will go over select P&L financial information for the first half of 2022. Thank you, Larry. Total R&D expenses decreased by approximately $0.1 million for the three months ended June 30th, 2022, as compared to the three months ended June 30th, 2021. This decrease was primarily due to a decrease in consulting and outside R&D expenses of approximately $0.1 million. All other R&D expenses for the three months ended June 30th, 2022 and June 30th, 2021 were fairly consistent period to period. Total general and administrative expenses decreased by approximately $0.1 million for the three months ended June 30th, 2022, as compared to the second quarter of 2021. This decrease was primarily due to a decrease in consulting fees of approximately $0.1 million and a decrease in professional fees of approximately $0.1 million relating to fees incurred in connection with an arbitration matter that was settled in 2021 that was not repeated during the three months ended June 30th, 2022. These decreases were offset by increases in directors' fees and stock-based compensation expenses of approximately $0.1 million. There was a net other operating gain of $0.1 million for the three months ended June 30th, 2022, compared to a $0.2 million net operating gain for the three months ended June 30th, 2021. This $0.1 million dollar decrease was due to the financial cash distribution from the dissolved Enfission joint venture that occurred in 2021. There was contributed services research and development from the GAIN program of approximately $0.1 million for the three months ended June 30th, 2022 and June 30th, 2021, with a charge to R&D expenses and a corresponding amount recorded to contributed services research and development. Now over to you, Seth. Thank you, Sherrie. With that, we will go to the question and answer session. Thank you to everyone who has submitted questions. Matt, please go to the questions. Okay. Our first question, they write, I have a question about Advanced Nuclear Energy for Enriched Life or ANEEL. I would like to know how ANEEL potentially affects use of your technology, whether for good or bad or not at all. Andrey, take that one. Sure. Lightbridge has several patented thorium-based fuel designs for light water reactors that we are not actively pursuing at the moment, but primarily due to the current unfavorable market conditions for thorium fuels. We believe that based on discussions with our utility partners that the benefits of Lightbridge's metallic fuel outweigh the benefits of thorium in terms of improving nuclear power plant economics and safety for water-cooled reactors. However, we will continue to monitor market conditions, particularly the price of natural uranium, to see if a thorium fuel cycle becomes economically feasible in the future. Thank you. Our next question. Back in April, Duke Energy and Purdue University announced a joint feasibility study to explore using SMRs on Purdue's campus. Would Lightbridge be in the running collaborating on studies such as these or approach universities about such research opportunities? Right. Jim leads a lot of our work with universities. Jim, why don't you take that question? Sure, Seth. As we understand it, the announcement by Purdue and Duke Energy is initially focused on the feasibility of using an SMR as a component of Purdue's green energy roadmap. While Purdue currently has a small 10 KW research reactor called the PUR-1 on campus, the concept of a power reactor would be the first at a university in the U.S. Of course, Duke Energy is already very experienced in nuclear power operations, with 11 reactor units already operating in North and South Carolina. Excuse me. Since there has been no announced result from the feasibility study to date, the choice of reactor type is still apparently open. If a water-cooled SMR, such as NuScale, Holtec or GE Hitachi, is chosen, Lightbridge could potentially be able to provide fuel for that unit. Other designs or other potential designs using molten salt, TRISO or with sodium coolant would rule us out. Regarding the collaboration with universities on research opportunities, Lightbridge is open to working with universities that can help us advance our R&D and commercialization goals. A good example of this, as Seth mentioned earlier, is our recently announced collaboration with MIT and NuScale Power to study the deployment of accident-tolerant fuel in SMRs. The award to MIT is part of the DOE's Nuclear Energy University Program and is expected to begin in the second half of this year. Among several objectives, the project will simulate the fuel and safety performance of Lightbridge Fuel in a NuScale SMR. Thank you. The next question. Can you provide more color about the Curio MOU and what a future project with them would entail? Lightbridge Fuel is being designed to use uranium as the fissile material. We also have design variants that could use plutonium to eliminate existing plutonium stockpiles while generating carbon-free power. Curio is working on reprocessing technology that could remove plutonium from used nuclear fuel, with that plutonium mixed with other fissile material so that it could not be used for weapons purposes. We believe it could be feasible to use that reprocessed material in Lightbridge Fuel. We look forward to exploring, along with Curio, possibilities of government funding for studies in this area, and we'll certainly, you know, report more as we make progress. Will the HALEU needed for Lightbridge Fuel samples be sourced from INL's downblended highly enriched uranium or another source? The initial HALEU for our fuel samples that will be irradiated in the Advanced Test Reactor will be supplied by the U.S. government, I believe, from existing stockpiles. Where the government gets it from is up to the government, how it got in their stockpiles, which I understand, I think was from enriching uranium several years ago, not from downblending, but will be provided to us from those stockpiles. Larger scale commercial supplies of HALEU for commercial supply of our fuel would come from new enrichment of uranium by an enrichment company. The U.S. government stockpiles can't meet large scale commercial production of HALEU, but they can meet what we'll need for our testing purposes and Advanced Test Reactor with these samples. Our last question is actually a two-parter. Centrus would appear to be the first available source for commercial HALEU for Lightbridge Fuel. Would Curio be the eventual optimal choice when and if available for Lightbridge Fuel? In other words, are there two HALEU options for Lightbridge? Curio will not produce HALEU. Curio is looking to reprocess used reactor fuel to extract plutonium mixed with other substances that make it very non-proliferative. That material is something that we will explore using in a variant of Lightbridge Fuel instead of HALEU. We have variants that have zirconium metal with HALEU metal, and we could have variants with zirconium metal with plutonium or variants of zirconium metal with plutonium mixed with some other substances, like what Curio is looking to produce. Centrus is demonstrating its ability to produce HALEU, and other companies are also exploring use of their approaches to produce HALEU in the U.S. as well as in Europe. I'll add that with the new $700 million in the bill that Senator Joe Manchin is supporting, we are very, very much more confident that the U.S. will have sufficient commercial production of HALEU here in the United States. Back to you. Well, thank you, Matt. I'll just mention we're invited to be interviewed live tomorrow at 3:45 P.M. U.S. Eastern time at the NASDAQ market site in Times Square in New York on TD Ameritrade Network. If any of you are watching TD Ameritrade tomorrow afternoon, we'll be answering some more questions there. I wanna thank everybody for participating on today's call. It's an exciting time in nuclear and for Lightbridge. We look forward to providing additional updates in the near future. In the meantime, we can be reached at ir@ltbridge.com. Stay safe and well. Goodbye. This concludes today's conference call. Thank you for participating. You may now disconnect.