 Hi, it's Chris Thompson from Investor Intel and I'm here with Dan Blundell from the founder and CEO of NanoOne. Hi, Dan. Hey, Chris. Great to be here. Thanks for taking some time today. Maybe you can give our viewers a quick overview of NanoOne. Yeah, look, NanoOne is a technology company focused on process technology for making cathode materials that go into lithium-ion batteries. We have our technology improves the cost structure of making the materials, improves the supply chain and the carbon and environmental footprint, and we're also focused on improving the performance of the materials and ultimately the durability and the long-lasting component of the lithium-ion battery. And where is NanoOne focusing their technology? We concentrate on three critical groups of materials, the olivines, which is lithium-ion phosphate, the ternary or layered materials, which is nickel, manganese and cobalt-based materials, and then the spinels, which don't have any cobalt in them at all, and they're more fast-charging applications that might be suitable for solid-state batteries. And so are you addressing both regular and the solid-state batteries? Yeah. Essentially, they're all lithium-ion batteries and they all need cathode materials. We build sort of coatings on these materials to make them interface better within those batteries, but essentially we're battery agnostic in that sense and relatively chemistry agnostic. So we have a process for making cathode materials and we can make basically all of the different types of chemistries and they're applicable to virtually any kind of lithium-ion battery you can think of. And how does your process have better than other processes in the field right now? So if we look kind of upstream, because of the raw material inputs we're using, we're using alternative sources of lithium, nickel, manganese and cobalt, we can actually use, we can go directly from metal to cathode powder, avoiding the need to convert it to a sulfate. And the same with lithium, we can avoid the need to convert lithium to a hydroxide and that eliminates a whole bunch of the cost, the energy input and the shipping of sulfates around the world and all the water that's attached to it and also the carbon footprint that's associated with that. So really, it can transform the supply chain, make it much cleaner and greener and quite a bit cheaper because we eliminate the steps in between. And is this your process that you had a recent news release on called the M2-CAM process? Yeah, yeah, exactly. So M2-CAM is an adaption of our one-pot process. So our one-pot process, the concept really is that we're assembling the nickel, manganese and the cobalt at the same time that we're assembling the lithium and the coating material. So everything kind of goes into one reaction. M2-CAM, we've taken it one step further. Now we take this conversion step of the, let's say the lithium to the hydroxide and the metals to the sulfate and we do all of that in our reaction. So we have this, all the materials go in one place. We form this composite material powder that comes out and it fires readily in a furnace to make our single crystal cathode materials. Everything kind of bakes into one material. So we avoid a whole bunch of coating steps, a whole bunch of intermediate steps and the conversion step upfront that happens between the miner and the cathode guy. So obviously there's a whole bunch of efficiencies there. It drastically improves the carbon footprint and leads to savings, probably measured in the many thousands of dollars a ton in terms of the cathode material. And does the single crystal process have any other advantages? Well, so the idea of the single crystal concept is that cathode materials tend to break up, personalize the calendar of the foil before they actually get into the cell itself. And then even within the battery, once it's all sealed and the battery's cycling, you're charging and discharging it, everything's kind of contracting and shrinking and sort of contracting and expanding and it tends to break apart. And when it breaks apart, the coatings on the outside of these large clusters break apart and you get, you're exposed to side reactions that start to degrade the battery. So we coat the individual crystals within these clusters and that enables us to get away, basically as the clusters kind of break apart, as things kind of move and shift inside the battery, we still remain protected from the side reactions because we are coating the smallest element within the cathode powder itself. So you have sort of a more friendly environmental process and it seems to be a single crystal solution. So how do you work with players in the space, like say a quantum scape or a battery manufacturer, a car manufacturer like a Tesla, how would you work with them to get your technology implemented in their processes? So we work up and down the supply chain. So we have relationships with the miners, partly because we make our process by getting rid of that conversion step to sulfate or hydroxide. It makes lithium carbonate have given more value and it makes the nickel powder have more value for instance. And then in the mainstream we're working with chemical producers and cathode producers and then, as you said, the battery producers and the EOEMs, the electric vehicle manufacturers were building strong relationships there. The quantum scapes of the world still need cathode material. So we work with a number of different solid-state battery companies evaluating and testing our material, finding ways to integrate it and make it work better with the design of their battery. And then we're doing the same thing with the auto manufacturers as well. The idea is that really it's the miners and the automakers who really want to clean up that supply chain and make it more efficient and make it more carbon neutral, carbon friendly. But they're not going to be the chemical producers. It's going to be the guys in the midstream. So we're also working there to build relationships and because that's where the fulfillment is going to have to happen. The demand happens from either end of the supply chain but really fulfilling on that demand happens with the relationships we're doing on the chemistry side. And when do you think you'll see some commercial results from this process? Look, there's always lots of work and validation to happen and we validate internally and then we validate with our partners and then we validate with our partners, customers and a bunch of the partnerships we have in place are various stages. But I would say the ones that are furthest along, we're at a stage right now where we're validating materials with automotive manufacturers who at the end of the day are the last call. Basically, they say we want this material, we don't. And that's where we're trying to create that demand. We think we'll see that some of that demand and some of those validations coming to fruition this year and that will lead to piloting of our technology in various jurisdictions around the world. Well, excellent. Well, I look forward to following your progress and thank you for your time today. Yeah, great Chris. Thanks very much for yours as well and nice to be on video here with you.