Business Description

2 I TEM 1A. RISK FACTORS 13 I TEM 1B. UNRESOLVED STAFF COMMENTS 29 I TEM 1C. CYBERSECURITY 29 I TEM 2 . PROPERTIES 31 I TEM 3. LEGAL PROCEEDINGS 31 I TEM 4. MINE SAFETY DISCLOSURES 32 PART II 32 I TEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES 32 I TEM 6. RESERVED 33 ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 33 I TEM 7A . QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 44 I TEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 46 I TEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 111 I TEM 9A. CONTROLS AND PROCEDURES 111 I TEM 9B. OTHER INFORMATION 112 I TEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 112 PART III 113 I TEM 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE 113 I TEM 11. EXECUTIVE COMPENSATION 113 I TEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 113 I TEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 113 I TEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES 113 PART IV 114 I TEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 114 I TEM 16. FORM 10-K SUMMARY 118 GLOSSARY OF TER MS AND ABB R EVIATIONS 119 SIGN ATURES 124 Capitalized terms and abbreviations used but not defined in this Annual Report on Form 10-K are defined in the glossary. Form 10-K Table of Contents CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This Annual Report on Form 10-K (this “Report”) contains forward-looking statements concerning expectations, beliefs, plans, objectives, goals, strategies, and (or) future performance or other events, as well as underlying assumptions and other statements, that are not statements of historical fact. These statements often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “target,” “project,” “forecast,” “seek,” “will,” “may,” “should,” “could,” “would,” or similar expressions. Although we believe that the expectations and assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that these expectations and assumptions will prove to be correct. Forward-looking statements are subject to many risks and uncertainties. The results, events, or circumstances reflected in forward-looking statements may not be achieved or occur, and actual results, events, or circumstances may differ materially from those discussed in forward-looking statements. The risks, uncertainties, and other factors that could cause actual results to differ materially from the forward-looking statements made by us include those discussed in this Report, including but not limited to “