Thank you for standing by, welcome to the Lightbridge Corporation Business Update and Second Quarter 2023 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. Please go ahead. Thank you, Lisa. Thanks to all of you for joining us today. The company's earnings press release was distributed 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, and Andrey Mushakov, Executive Vice President for Nuclear Operations. 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. Hello, Matt. Thank you all for joining us to discuss Lightbridge's second quarter results. I'm delighted to share our latest achievements and developments with you. On 6th July, we announced that Texas A&M University has been awarded approximately $1 million from the U.S. Department of Energy's Nuclear Energy University Program R&D Awards to evaluate thermal hydraulic performance of Lightbridge Fuel in a NuScale small modular reactor. The choice of Texas A&M University for this study speaks to their world-renowned standing in nuclear engineering education. Their expertise and research capabilities make them an invaluable partner for this project. We are proud to have them leading this critical study. We are eagerly looking forward to this new collaborative project. The study, planned to be conducted over a span of three years, is designed to develop a comprehensive understanding of how Lightbridge Fuel performs in a small modular reactor, an SMR, designed by NuScale Power. NuScale is a recognized global leader in developing SMRs, which are playing an increasingly important role in the move towards safer, more efficient, and flexible nuclear power. Partnering with us in this project is Structural Integrity Associates, which will perform the thermal evaluation of Lightbridge Fuel in the SMR using its PEGASUS simulation software. This software represents a next-generation fuel evaluation and design optimization tool, which will provide us with detailed insights into the performance of our fuel under various conditions. I want to take a moment to express our gratitude to the U.S. Department of Energy, Their financial support through the Nuclear Energy University Program R&D Awards has been instrumental in enabling this research and experimental work. This is the second year in a row that Lightbridge Fuel has been selected for evaluation in an NEUP study as we continue to work today with MIT. These kinds of collaborative projects are an important component of advancing our nuclear technology, understanding, and capabilities. Overall, we are confident that this project will yield critical insights into the performance of Lightbridge Fuel in NuScale SMRs. These insights will help inform our future research and development, and ultimately, we believe they will contribute toward paving the way for widespread commercial adaptation of next-generation nuclear fuel technology, strengthening our ability to provide safe, efficient, and sustainable nuclear energy. In addition to our achievements in R&D, the U.S. government approved Lightbridge's request to join two pivotal public-private nuclear power partnerships. The first of these partnerships is with the Department of Energy's High-Assay Low-Enriched Uranium Consortium, or HALEU Consortium. Achieving a national HALEU stockpile and production capacity is a key step in supporting advanced nuclear energy technologies like the ones we're developing. The consortium is focused on streamlining the production and use of HALEU in the U.S., aiming to promote energy security and sustainability, both of which are pivotal to our strategic vision. By joining this consortium, we are now part of an industry-leading group of companies and organizations focused on advancing availability of this critical feedstock material. I'll also just mention that, just before we started this call, a few minutes ago, the U.S. Senate voted on a bill to support increasing enrichment capacity in the U.S. for HALEU, and it passed in the Senate, and the vote was 96 to three, reflecting widespread bipartisan support for nuclear power. I also want to mention a second partnership that we've entered into with the U.S. Department of Commerce, International Trade Administration's SMR Working Group. This working group brings together industry leaders in the field of SMRs to facilitate international trade and cooperation. As a member, we gain opportunities to influence policies and initiatives that affect the SMR market, and we can contribute to setting global standards for this emerging industry. Given the rising demand for SMRs in Europe and globally, we believe this position, working within the working group, will help us to understand better SMR-related technologies, to see how Lightbridge Fuel could best fit into international deployment plans for SMRs. Additionally, I was reappointed by the U.S. Secretary of Commerce, Gina Raimondo, to the U.S. Civil Nuclear Trade Advisory Committee, or CINTAC. As a member, I'll continue to provide advice for developing and administering programs to expand U.S. exports of civil nuclear goods and services. All of these partnerships place Lightbridge squarely at the nexus of public policy and private innovation in the nuclear energy sector. They will not only help us to continue to develop Lightbridge Fuel, but will also give us an influential role in shaping the future of nuclear power, both in the United States and internationally. As we take meaningful strides in our development, we have also been strengthening our team with industry-leading talent. On April 25th, we were thrilled to welcome Dr. Scott Holcomb to Lightbridge as Vice President of Engineering. With his distinguished career and profound experience in the field of nuclear engineering and irradiation testing experiments, Dr. Holcomb brings a wealth of expertise that will be instrumental in driving our fuel development endeavors forward. Dr. Holcomb will not only provide technical leadership, but will also influence our strategic direction as we strive to redefine the future of nuclear energy. On April 3rd, we were equally delighted to have Sherri Goodman join our Board of Directors. Ms. Goodman is a renowned expert for her comprehensive knowledge and vast expertise in the intersecting domains of national security, energy, and environmental issues. Her inclusion in our board brings a unique perspective that will enhance our ability to navigate the complexities of a global energy landscape. In her role, Ms. Goodman will chair the newly constituted Energy Security and National Security Committee of the board. This committee will play a vital role in advising our organization on matters of energy security and related national security issues, ensuring that we are not only providing innovative energy solutions, but are also contributing positively to the global energy security landscape. Turning to our strong patent portfolio. During the second quarter, we received a notice of allowance for a divisional patent relating to Lightbridge's innovative metallic nuclear fuel assemblies from the US Patent and Trademark Office. This expands our intellectual property portfolio with more than 160 patents, and is an integral component of the company's plans to commercialize Lightbridge Fuel technology in the future. I'll turn the call over to Andrey Mushakov, Executive Vice President for Nuclear Operations, to review our ongoing fuel development activities. Andrey? Thank you, Seth. As previously announced, we have been working since last December with Idaho National Laboratory under an umbrella Strategic Partnership Project Agreement and an umbrella Cooperative Research and Development Agreement to support the development of Lightbridge Fuel. Earlier this year, we worked with Idaho National Laboratory to complete an issue quality implementation plan for the project. This was an essential first step to ensure that all future work performed at Idaho National Laboratory on the project will meet the U.S. Nuclear Regulatory Commission's quality assurance requirements. We're currently working with INL to demonstrate casting of delta phase uranium zirconium ingots with depleted uranium using existing INL equipment. As part of that effort, we have recently been able to cast two initial ingots using depleted uranium and zirconium alloy materials. They are currently undergoing characterization. Our next step is to scale up the ingot size to make it suitable for extrusion, and then conduct initial extrusions from the scaled-up ingots. In addition to our project with Idaho National Laboratory, as Seth mentioned, Lightbridge is collaborating with Texas A&M University, NuScale Power, and Structural Integrity Associates on a $1 million study funded by the U.S. Department of Energy's Nuclear Energy University Program R&D award, the second collaboration for Lightbridge with a U.S. university. As we've previously announced, we also have an ongoing collaborative project with MIT. First, I'll briefly describe the new collaborative project with Texas A&M. The project entails a comprehensive characterization of the performance of the Lightbridge helical cruciform advanced fuel design, which will generate unique sets of experimental data of friction factor, flow, and heat transfer behavior on the NuScale's light water small modular reactor, simulated normal and off-normal conditions. The project is expected to accelerate the deployment of advanced fuels for light water SMRs applications by leveraging the use of existing testing infrastructure, measuring basic thermal hydraulic properties, et cetera... The ongoing study led by MIT, the second study, relates to evaluation of accident-tolerant fuels in the, in various types of small modular reactors. The project that we are collaborating with MIT on aims to simulate the fuel and safety performance of Lightbridge Fuel for the NuScale SMR, and provide scope and analysis to improve the safety and economics of light water reactor, small modular reactors. With that, I'll turn the call over back to you, Seth. Thank you, Andrey. Thank you, Andrey. Thank you, Andrey. Global efforts to attain net zero carbon targets, championed by both governments and private entities, have led to a policy shift favoring nuclear power. The ongoing war in Ukraine has magnified global energy problems and amplified apprehensions regarding energy security. Nuclear power is being increasingly perceived as a pivotal element in accomplishing national security, energy, and climate objectives, more so than renewable energy sources. Nuclear power allows for a responsible amplification of clean, reliable, base load electricity production with zero carbon emissions. This energy source also minimizes reliance on nations that can disrupt fossil fuel supplies. Countries throughout North America, the European Union, and Asia, have begun initiatives to extend nuclear plant licenses, reinitialize reactors, and construct new facilities. Countries seem to be waking up to the realization that they can't meet their national security, energy, or climate goals without a significant increase in nuclear power. Now we're seeing that this is starting to happen. Just in the last month, we saw the UK launch Great British Nuclear Initiative, a competition to help drive the expansion of new nuclear power plants in the UK, which has set a target of 25% of its electricity from nuclear energy by 2050. We also saw Poland approve its first nuclear power plant based on a NuScale SMR. In the U.S., Maria Korsnick, President and CEO of the Nuclear Energy Institute, testified before the House Energy and Commerce Subcommittee on Energy, Climate and Grid Security during a hearing titled American Nuclear Energy Expansion: Updating Policies for Efficient, Predictable Licensing and Deployment. The hearing highlighted the resounding bipartisan endorsement for nuclear energy and the mutually recognized significance it holds for our national energy and security considerations. During the hearing, committee members from both political parties vehemently emphasized the urgent necessity to reassert U.S. dominance in nuclear technology. This can be achieved by modernizing the Nuclear Regulatory Commission's operations for increased efficiency and process simplification, securing a reliable and safe domestic fuel supply, and strengthening U.S. competitiveness in the international nuclear market. These are objectives that we fully and enthusiastically back. This is an exciting time for the nuclear industry, and particularly for Lightbridge. We look forward to updating investors on the progress we will make throughout the year. Now, I'll turn the call over to Larry Goldman, Chief Financial Officer, to summarize the company's financial results. Larry? Thank you, Seth. Good afternoon, everyone. For further information regarding our second quarter 2023 financial results and disclosures, please refer to our earnings release that we filed yesterday. The company's working capital position was $28 million at June 30th, 2023, versus $28.7 million at December 31st, 2022. Total assets were $29.2 million, and total liabilities were $0.6 million at June 30th, 2023. 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 future R&D activities. Total cash and cash equivalents was $28.2 million, as compared to $28.9 million at December 31st, 2022, a decrease of $0.7 million for the six months ended June 30th, 2023, as compared to the prior period, due to the following: Total cash used in operating activities for the six months ended June 30th, 2023, was $3 million, a decrease of $0.1 million, compared to $3.1 million for the prior period in 2022. Total cash provided by financing activities for the six months ended June 30, 2023, was $2.3 million, a decrease of $5.3 million, compared to the $7.6 million raised for the prior period in 2022. This decrease was due to the decrease in net proceeds from the issuance of our common stock by our at-the-market facility.... Regarding our P&L financial information, net loss was $1.7 million for the second quarter ended June 30th, 2023, compared to $1.5 million for the second quarter, 2022, due to the following: Total R&D expenses amounted to $0.4 million for the second quarter, June 30th, 2023, as compared to $0.2 million for the second quarter, June 30th, 2022, an increase of $0.2 million. This increase was primarily due to an increase in project labor costs incurred from the U.S. National Laboratories of $1.1 million, an increase in R&D payroll of $0.1 million, an increase in consulting fees of $0.1 million, offset by a decrease in other R&D costs of $0.1 million. Total G&A costs were $1.6 million for the second quarter, June 30th, 2023, as compared to $1.4 million for the second quarter, June 30th, 2022. There was an increase in stock-based compensation of $0.1 million and an increase in professional fees of $0.1 million. Total other income was $0.3 million for the second quarter, June 30th, 2023, as compared to zero for the second quarter, June 30th, 2022. This increase was due to an increase in interest income earned from the purchase of our treasury bills and our bank savings account. In support of our long-term business and future financing requirements with respect to our fuel development, we expect to continue to seek government 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. Back to you, Seth. Well, thank you, Larry. With that, we will go to the question and answer session. Thank you to everyone who has submitted questions. Matt, please go ahead with the questions. Our first question, are both the metallic bonded cladding and full casting method being examined for Lightbridge Fuel testing, or has one been determined? Are both the three and four lobe versions of Lightbridge Fuel being evaluated? Well, on that first part, our ongoing work at Idaho National Laboratory under the existing statement of work includes both casting and extrusion of unclad coupon samples. The initial irradiation testing in the Advanced Test Reactor will include fuel material coupon samples comprised of delta phase, enriched uranium, and zirconium alloy materials, which is similar to the fuel material composition to be ultimately used in the commercial fuel product. The purpose of this initial experiment is to generate irradiation performance data for Lightbridge's delta phase uranium zirconium alloy relating to various thermal physical properties. The data will support fuel performance modeling and regulatory licensing efforts for commercial deployment of Lightbridge Fuel. Subsequent phases of this work are planned that will be under two umbrella agreements with Idaho National Laboratory to be released in the future, and these will include post-irradiation examination of the irradiated fuel material coupons fabricated of co-extruded, fully clad, multi-lobe Lightbridge Fuel rodlets, and loop irradiation testing of these rodlets in the Advanced Test Reactor, as well as transient experiments in the Transient Reactor Test Facility, also known as the TREAT reactor at Idaho National Laboratory. Corresponding post-irradiation examination. On that part of the question on the three or four lobe version of the fuel, we're developing both. They will be for different types of reactors that optimize fitting inside the fuel assembly geometry for those reactors. For example, for Western pressurized water reactors, it's a four-lobe design, and for Russian VVER-type reactors, it's a three-lobe design. For each reactor, there's a version of Lightbridge Fuel that's optimized for that reactor. The second question, how does TRISO fuel compare and contrast to Lightbridge Fuel? You know, they're, they're very different. First of all, TRISO, I hear it pronounced both ways. I usually say TRISO. They're meant for different reactor applications, for different types of reactors. TRISO stands for TRi-structural ISOtropic, and it's a coated particle fuel, and it's generally for high temperature reactor designs that include high temperature gas-cooled reactors and fluoride salt-cooled, high temperature reactors. There are several so-called Generation IV and microreactor designs in development by companies that include X-energy, Westinghouse, BWXT, and Kairos Power. None of these reactors have yet been deployed. In contrast, Lightbridge Fuel can be used in both the existing fleet of water-cooled reactors, such as PWRs and BWRs and CANDUs, as well as Russian VVERs, as well as future water-cooled small modular reactors, of these types of technologies, like PWR and BWR. They're currently under development by companies like NuScale, developing their SMR, GE Hitachi, developing the BWRX-300 reactor, and other companies like Rolls-Royce and Holtec that are developing PWR SMRs. For our final question, is there a rough estimate for the cost of retrofitting existing fleet reactors to accept the Lightbridge Fuel? $85 million. Siemens has a subsidiary called Pace Global that performed an economic study of Lightbridge Fuel, looking at the cost of retrofitting a typical existing 1,100 megawatt pressurized water reactor, you know, a typical large reactor that's running in the world today, for use of Lightbridge Fuel. You can actually see this study on the Lightbridge website under the technical articles. The Siemens subsidiary, Pace Global, estimated a one-time upfront cost of $85 million per reactor to accommodate Lightbridge Fuel capable of a 10% power upgrade to the reactor, plus a 24-month fuel cycle extended from the reactor's existing 18-month fuel cycle. That's where we think, you know, excellent, excellent advantages for the cost for the utility that has the reactor. You know, another advantage is that the capital cost is zero for the nuclear power plant to get the longer fuel cycles, which will extend the fuel cycle from 18 to 24 months, plus the significantly improved safety margin associated with Lightbridge Fuel. That all comes with the fuel. The nuclear power plant will incur some upfront costs relating to regulatory licensing, procedure updates, training, as part of the conversion to Lightbridge Fuel. Basically, we expect our fuel will be a drop-in substitute, in the case of the fuel cycle extension only. With that, that was the last question, Matt. I want to thank everybody for participating on today's call. 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. Thank you all for joining. You may disconnect everyone. Have a great day.