 Today, I have the pleasure of speaking with Anthony Marchese from Texas Rare Earth Resources. How are you today, Anthony? I'm fine. Tracy, how are you? I'm so delighted to be discussing with you your most recent news release, which was really a substantial announcement for the overall industry. Are you not the first Rare Earth company to have a deal with the U.S. defense logistics, or is this not the Department of Defense? Well, as the press release pointed out, the DLA is part of the Department of Defense. They are responsible for this particular division, which gave us the contract, is responsible for the stockpiling of Rare Earths. The government has their own program of stockpiling. They pick out which ones they want. They gave us the contract. Yeah, to the best of my knowledge, this is the first time the United States has ever given anybody a contract to produce anything. I know in the past they've given small contracts for research into study of the market. But in terms of production, this is, I believe, the first of its kind. Well, can you give us the 10-story vantage point on this deal? Because I know Jack was trying to explain how much bigger this is, but I'd like to hear it from you, because we have, of course, the CEO here on this interview. Well, obviously the terms of the agreement are exactly what's in the press release. So I have to be careful about what I say due to confidentiality. But as the press release stated, the DLA is interested in bench-scale quantities of certain Rare Earths. They've mentioned two, Iterium at an ultra-high purity level, five, nines or better, and Iterium, which they're looking for a standard four nines. They also are interested in a third, which at their request, we're not disclosing. And that's also at an ultra-high purity. I don't think people quite take into account or appreciate the ultra-high purity nature of two of those three. Ultra-high purity products sell anywhere from three to five times the market price. So for example, Iterium today, if you could produce it at a five or six nines, would trade at roughly three to four times the market price. So for us, there's an opportunity not just to show the DLA, obviously, the Defense Department by extension that we could do this. But secondly, it adds a new dimension to our economics, because we could go out and sell a certain portion of our output at a significantly higher price than that quoted in metal pages or the Chinese internal market. So it's significant on two levels. Anthony, according to my conversation with Jack, what he was really stressing about this news release was kind of like an acknowledgement from the government for your extraction technology. So can you talk to us just a little bit more and give the investor Intel audience an overview about the K technologies and Texas where Earth extraction technology process, because Jack seems to be a very strong enthusiast and supporter of this. All right, good question. Tracy, first I want to emphasize, like any extraction technology, there is no one size fits all. This technology works very well with our particular deposit. And as you've seen from my prior press release, we formed a joint venture with KTEC to market this technology to others. But again, I want to emphasize that there's no such thing as one size fits all. I'm not a big believer in the premise of a central processing facility in the United States because each deposit has its own unique characteristics. But in terms of the KTEC process, one of the benefits of the process is that this is a refinement of a process that started back in the 1940s. The Manhattan Project was actually the genesis of ion exchange, ion chromatography, and this is just a further refinement of that process. So this is not a new process. This process is a refinement of a 70 or 65 year old process. One of the beauties of this process is that it allows you to create ultra-hyperity products. Today, the way you create ultra-hyperity products in the five or six nines is by going to traditional solvent extraction and then going to an ion exchange. We're doing it all at one time at a very economical cost. Okay, so in addition to the contract with the DLA, it seems to me that this particular technology might be very useful in, say, recycling electronic waste. Is that correct? That's correct. Our agreement with the DLA doesn't prevent us from using this technology, the KTEC technology, in other applications or, frankly, in other rare earth projects. So the answer is we've looked at recycling, we've looked at any number of things. But what I want to emphasize to our investor base, especially and to our audience, is that we are first and foremost a rare earth company. Our byproducts strategy is to sign off-take agreements similar to our uranium strategy. And as far as recycling, while we've looked at it, we think that's further down the road. The first thing we want to do is get into production and then worry about recycling. Prove to the market that you do one thing really well. And I think opportunities flow from those accomplishments. So one more question for you, Anthony. What should we as shareholders of Texas Rare Earth Resources expect next? Because I know you have a great team. You have some of our senior players in the entire rare earth industry on your board. What should we anticipate over the next couple of quarters, or can you speak to that? Sure, absolutely. And we've said this publicly. You can expect, obviously, the completion of the DLA contract. We have 90 days to complete that. So you'll hear news about that. You'll hear news about potential deals that we have brewing with our joint venture partner, KTEC. We've always said we're in discussions with potential strategic partners for financing our project. You could potentially hear something about that. We'll have further metallurgical news. So we will have a fair amount of news to report over the next 90, 220 days. Well, excellent. Thank you so much for joining us again today, Anthony. Looking forward to it.