Good day, and welcome to the MP Materials 2026 annual meeting of stockholders. I would now like to introduce Elliot Hoops, MP Materials General Counsel and Secretary. Mr. Hoops? Good morning, ladies and gentlemen, and welcome to the 2026 Annual Meeting of Stockholders of MP Materials. My name is Elliot Hoops. I'm the General Counsel and Secretary of the company. During this meeting, there may be statements, comments, or responses to questions that may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Such forward-looking statements reflect the company's current expectations and beliefs but are not guarantees of future performance. For a discussion regarding the risks and uncertainties associated with these forward-looking statements, please review our filings with the Securities and Exchange Commission, including our reports on Form 10-K and Form 10-Q. I will now turn the meeting over to James Litinsky, our Chairman of the Board and Chief Executive Officer. Jim? Thank you, Elliot, and good day, everyone. At this time, I'd like to call the meeting to order. On behalf of our Board of Directors, our executive officers, and the entire MP Materials team, welcome to our annual meeting of stockholders. Here with me today are Michael Rosenthal, our COO, Ryan Corbett, our CFO, Elliot Hoops, our General Counsel, who will act as Secretary of the meeting, as well as our Board of Directors, Arnold Donald, Drew McKnight, Maryanne Lavan, Retired General Richard Myers, Connie Duckworth, Randall Weisenburger, and representing our auditor, KPMG, Matt Groh. I would like to start by thanking our stockholders for joining us on our mission to restore the full rare earths supply chain to the United States of America. Thank you. I will turn it back to Elliot for the official business of the meeting. Elliot? Thank you, Jim Litinsky. If there's no objection, we will waive the reading of the notice of the meeting. I received an affidavit of distribution from a representative of Broadridge Financial Solutions affirming the mailing of the notice and, if applicable, the proxy statement and the proxy card to each stockholder on April 13th, 2026, the record date of the meeting. A representative of Broadridge Financial Solutions has been appointed to act as the inspector of elections and to tabulate the vote of the stockholders. We have been informed by the inspector of elections that the holders of more than a majority of the issued and outstanding shares of common stock entitled to vote at the meeting as of April 13th, 2026, are present today, either virtually or by proxy. Therefore, we have a quorum. Since legal notice of this meeting has been given and a quorum is present, the meeting is properly convened and open for business. I hereby declare the polls open for voting. We will consider and take action upon the following matters: the election of two Class III directors to serve until the 2029 annual meeting of stockholders of the company, for which positions the board has nominated Arnold Donald and Randall Weisenburger. The approval on an advisory basis of the compensation paid to the company's named executive officers. The ratification of the appointment of KPMG LLP to serve as the company's independent registered public accounting firm for the 2026 fiscal year. These are all items to be acted on at the meeting and are hereby placed before the meeting before any votes take place. No other proposals or business were properly submitted, and therefore, the proposals presented are the only ones before the meeting. Mr. Secretary, have we received any questions specifically on these proposals? Mr. Chairman, there were no questions submitted by stockholders on the proposals. There being no further business to properly come before the meeting, if anyone wishes to vote who hasn't already done so by casting his or her vote virtually, please do so now. If you have already sent in your proxy card, you may, but do not have to, vote virtually, in which case your previous vote will be superseded. We will also allow an additional minute for votes to be cast. I hereby declare the polls closed. Mr. Secretary, may I have the report of the inspector of elections? Based on the count of the votes, the inspector of elections has delivered his initial report. The preliminary results indicate that the three proposals have passed, that the two Class III directors nominees have been elected, that the stockholders have approved on an advisory basis the compensation paid to the company's named executive officers, and that the stockholders have ratified the appointment of KPMG as the company's independent registered public accounting firm for fiscal year 2026. The final results will be disclosed in a filing with the Securities and Exchange Commission. Mr. Secretary, please file copies of the notice of meeting, the oath of the inspector of elections, and his final report with the company's records. I want to thank you all for attending this meeting. As there is no further business to come before this meeting, we will now adjourn the meeting and proceed to the question and answer period. Thank you, Jim. We have now set aside 15 minutes to respond to some questions from stockholders. As disclosed in our proxy statement, only appropriate questions relevant to the purposes of the meeting and the company's business will be addressed as set forth in the rules of conduct available on the virtual meeting website. In fairness to everyone who may have a question, we will limit each stockholder to one question. Representatives of KPMG are also in attendance and are available to answer any audit-related questions from stockholders. Okay, thank you. Mr. Chairman, just looking, there were no questions submitted by stockholders. Okay. That is all the time we have for questions today. Jim, any final comments? Yes, I just want to reiterate my thanks to our shareholders for your support of the company. I look forward to speaking with you again soon on our next earnings call. Thank you, and have a great week. Thank you