If you duplicate this for another critical mineral, will you keep it in the same company?

Yeah.

So, I mean, Re-Element was a business we started underneath American Resources.

American Resources is still in 17% of it.

We are multi-mineral, multi-feedstock.

So the facility we're building in our Marion plant is four production lines for a wide spectrum of products.

So germanium, gallium, there's one production line, yttrium, gadoliniums, zirconiums, and other from recycled materials.

Can you tell me a little bit more about how you achieved that goal and what you're doing with it?

Tell me what this is and the excitement around this.

Yeah.

So CMI is probably one of the premier associations within the critical mineral space.

I mean, if you look at the pedigree of their team, it's pretty impressive.

And so for American Resources, it's a really opportune time to join.

And having the access to data and relationships that CMI has and the events that they throw are really important.

I think one of their premier events is in Toronto.

And I imagine this industry that's really still sort of growing can be successful as well.

So let's get an update on where you're at and where you're going.

Yeah, absolutely.

So it's been a good journey as we continue to expand commercial output out of our Noblesville, Indiana facility, which is about 45 minutes south of Marion.

We've been building out Marion and getting everything in place for almost three years now.

So the section that Re-Element has leased out of the building has been fully renovated for a period of time now.

And now it's about just building out capacity.

So we're building four different production lines there.

A lot of the time is you're building it as you get someone as well, because you're able to do this quite fast, correct?

So tell us what you have right now and what this will lead to in this expansion.

Yeah, absolutely.

So we've been aggregating batteries, lithium ion batteries, mostly focused on LFP.

And there's a strategic reason for that.

One, the NMC market's a little bit crowded.

Two, we believe we're the only ones that can economically monetize the entire value stream of LFP.

And so we spent about five years looking at technology and people would say it's crowded right now in the battery recycling space.

Is there something about that that works well with what you already have in place?