Financial Data and Key Metrics Changes - The company reported a significant increase in revenue, nearly tripling compared to the previous quarter, largely due to increased operations at the first battery recycling plant [6][7] - For the fiscal year, revenue increased to approximately $4.3 million from about $0.3 million the previous year, indicating a substantial growth [7][21] - Cash balance increased to over $25 million as of September 15, 2025, attributed to increased trading volume and institutional ownership following the addition to the Russell 2000 and 3000 indices [8][20] Business Line Data and Key Metrics Changes - The battery recycling operations saw a 70% increase in throughput in a single quarter, reflecting operational improvements and increased headcount [9] - The primary claystone to lithium hydroxide business is progressing with the construction of a commercial scale facility, with ongoing efforts to secure long-term off-take agreements [18][21] Market Data and Key Metrics Changes - The company has experienced a significant increase in trading volume and institutional ownership since being added to the Russell indices, indicating a shift in investor interest [8][20] - The company is also engaging more with stationary grid battery systems, expanding its market reach beyond automotive batteries [12][13] Company Strategy and Development Direction - The company aims to create a closed-loop battery metal supply chain in North America, focusing on both recycling and primary mineral extraction [4][6] - Plans for a second battery recycling plant are underway, supported by a $144 million grant from the U.S. Department of Energy, indicating a commitment to scaling operations [11][12] - The company is also advancing its lithium hydroxide technologies and has been selected as a transparency priority project to streamline federal permitting processes [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth of the battery industry and the need for both recycling and new mineral extraction to meet demand [5][6] - The company anticipates continued improvements in margins as operations scale and efficiencies are realized [7][21] Other Important Information - The company successfully closed out a project with the U.S. Advanced Battery Consortium, demonstrating the effectiveness of its recycling processes [10] - The company has received competitive tax credits and continues to secure government grants to support its operations [22] Q&A Session Summary Question: What are the expectations for revenue growth moving forward? - Management indicated that revenue growth is expected to continue as operations ramp up and new projects are initiated [21] Question: How is the company addressing the challenges in the battery recycling market? - The company is focusing on operational improvements and scaling its recycling plant to enhance throughput and efficiency [9][21] Question: What is the status of the second battery recycling plant? - The second plant is in the early stages of construction, with lessons learned from the first plant being applied to its development [12][21]