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ITEM 1A. RISK FACTORS.
Except as noted below, there have been no material changes to the risk factors disclosed in our Annual Report on Form 10-K for the year ended December 31, 2025.
The following risk factor is provided as an update to our previously disclosed risk factors:
Changes in U.S. Trade Policies and Other Geopolitical Events Could Adversely Affect Our Operations
Ongoing uncertainty around U.S. trade policies, tariffs, and international agreements may impact the cost and availability of materials, supplies, and equipment used in ourthe Companys operations or those of ourthe Companys partners. Any disruptions or increased costs resulting from these changes could negatively affect ourthe Companys business, financial condition, results of operations, and the market price of ourthe Companys common stock.
In addition, ongoing international conflicts (including military conflicts between Russia and Ukraine and in the Middle East) have created volatility in the global capital markets and may have further global economic consequences, including disruptions of the supply chain. Any such volatility and disruptions may adversely affect our business or the third parties on whom we rely.