Terrestrial (IMSR) Q3 2026 Earnings Call Transcript

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Operator: Greetings, and welcome to the Terrestrial Energy Third Quarter 2026 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now…

Operator: Greetings, and welcome to the Terrestrial Energy Third Quarter 2026 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Tyler Gronbach, Vice President of Investor Relations and Public Relations. Thank you. You may begin.

Tyler Gronbach: Thank you, operator. Good morning, everyone, and welcome to Terrestrial Energy's Third Quarter 2026 Earnings Conference Call. I'm Tyler Gronbach, Vice President of Investor Relations and Public Relations. Joining me today are Simon Irish, Chief Executive Officer, and Brian Thrasher, Chief Financial Officer. Simon will begin with a review of our strategic and operational progress during the quarter, and Brian will follow with a discussion of our financial results. We will then open the call for questions.

I'd also like to remind you that today's discussion will include forward-looking statements about our business, operations, and financial outlook. These statements are based on management's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. We encourage you to review the risk factors described in our SEC filings for a more complete discussion of these risks. With that, I'll turn the call over to Simon.

Simon Irish: Thank you, Tyler, and good morning, everyone. When we last spoke in August, I reported progress against the 3-pillar framework of business plan execution that we set out in March guidance. Today, I will do the same for the third quarter, including developments since quarter end. I will then provide an update on projects TETRA and TEFLA, our pilot programs with the Department of Energy, and close with the IMSR natural gas Bridge, a high-potential market opportunity for the IMSR plant that the company has been developing.

In the third quarter, we submitted our graphite topical report to the NRC as part of our program of pre-licensing engagement, worked with…

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