 Congratulations Pat, UCOR receives a 4.28 million funding agreement from the government of Canada. Can you tell us, congratulations, why did the Canadian government decide to grant you this funding? Well the Canadian government as you know is very involved with critical mineral processing and they want to make sure they've got all the best in kind technology drive forward here in the 21st century with you know green energy transition. A lot of talk recently about battery metal technology and they've been they've been watching the rare earth sector and looking to make the right investments at the right time to move forward. As you know we have our Rapid SX technology commercial demo plant in Kingston. Canadian government officials were there, they saw it, they liked what they saw and subsequently they put forth an award for processing light rare earth and 4.28 million dollars. Perfect, we'll use all of it to continue to march towards commercialization. Jack Lipton earlier today commented on this news release, he thought it was substantial. He said UCOR's dual, this is a sign of confidence, of dual government support for both the United States and the Canadian government also working together and he thinks we should see a lot more of this and he commented on your additional support from the US Department of Defense. Would you like to comment on that? Yeah you know Jack is he's pretty sharp so he realizes that the US DOD previously had funded us for a four million dollar US program to process heavy rare earth and there's no processing of heavy rare earth to oxide level outside of China. The US DOD very concerned about the industrial markets, the defense needs and put forth a program using again a light for our Rapid SX technology our Kingston demo plant, they've been there, they saw it, they really appreciate it and the Canadian side said hey you know you've got the heavies going with the US, let us take care of the light side, we'll fund the light processing because as you know both lights and heavies are needed to create permanent magnets and all the downstream that help you everything from electric vehicles to wind energy and you name it so yes a complimenting dual government support here very well done. So we saw strategic implications of this particular news again we'd like to congratulate you but also this is about your technology demonstration and milestones moving forward so with the focus on demonstrating the Rapid SX technology what are the key milestones and technical achievements you pour aims to reach during this project? Well we actually are going to get to purified product so you know on the Canadian side the Prasidentium, Neodynium and Prasidentium, Neodynium, NDP are put together all of those compounds so all three that are needed for the magnet inputs for electrification the purity levels needed for those particular products so since you'll have qualified product that an OEM can look at whether it's wind energy or Department of Defense or automotive and they'll say hey there's a qualified product kind of light we're assigned from the Canadian program that helps to justify the next stages of commercialization. You've been a tremendous speaker Pat on collaboration and sustainability and the supply chain for North America in general can you talk to me about how this announcement what kind of impact it's going to have on the North American supply chain? Well you know this is a critical need no matter where it is in the western world we have up and coming resources that are out there in the rare earth space and they need a place to process and refine they need a bridge between the resource and then the metal and the magnet making so this technology which is ideally suited for westernization and you've heard me speak before about the need to innovate if you're going to take on the job of breaking the grip from China let's do it a very westernized way so we've got the right technology here to be able to join the resources that are developing with the downstream that are either magnet makers or metal makers and help create that bridge so yeah we're in a very pivotal spot the US government realized it the Canadian government realized it and we're going to march forward and get this job done. One last question does this change your long-term objectives does it does it make them faster you know or what kind of impact does this announcement have or is this just keeping you on track Pat? You know it does a little of both it does certainly keep us on track but when you're given that type of funding both from the Canadian side and the US side essentially what they're saying is please run thousands of hours on your plant and develop the commercial metrics that allow you to plug into a full-sized commercial plant and you know if you didn't have that funding you might be coming up a little light and saying well you know let's run you know 500 hours on the plant instead of running thousand of hours on the plant let's run one feedstock instead of two feedstocks so it allows you to really vet out all the things need to be vetted out and as you know my background's automotive and when you're developing a tier one supply plant for automotive or any other OEM you've got to make sure that your robust commercial nature of your development plan is on point this funding from the Canadian government and previously from the US government allows us to march forward and stay on track but really make sure we do the job thoroughly. So Pat I think in addition to UCOR we're seeding this 4.28 million funding I'd like to draw our audience's attention back to what you've been doing in Louisiana and the strategic process that you're and groundwork that you're laying down there. Yeah certainly so the demonstration plant in Kingston that only gets its full I guess breadth of execution when you actually put it to commercial use so we located the building many buildings a year ago and bedded it down to one narrowed down through due diligence to one in Alexandria Louisiana and that particular building that we have is 80,800 square feet as he built it actually processed 7,500 tons of rareth oxide because of the space that's in there so the rapid SX technology we have in Kingston will be plugged into Louisiana so we have the engineers from Metchem in New England working on the layout of the process for the plant we've engaged with orbital engineering out of Pittsburgh they build big energy plants they too are working on the development going forward and you know the engineers will talk Tracy about all the different rare earth lines that are heavy rare earth light rare earth and how it will ramp up from 2,000 to 5,000 to 7,500 tons I quite frankly look at the plant and I go that's 7,500 ton plant that's actually 3.8 million electric vehicles and it's also 7,500 aliad x offshore wind turbines that would power 120 million homes there are 140 million homes in the US these government programs are important because when you start with the government program they really want to see you get through to full commercialization on the US side the program that's a four million dollar program there's the additional part of this OTA other transaction agreement that allows you to fund further into Louisiana from the Canadian side they're funding the lights but they're looking at us saying hey we'd love to have plant number two SMC number two set up in Canada so it's really a smart way to work with the governments to get done what needs to happen and there's your Louisiana update but the Canadian government have their sites on let's take it a step further let's build that second plant back in Canada I'd like to congratulate you on your collaboration and your work with both the US and Canadian government and of course for anybody out there who would like to learn more about this deal and other UCOR deals please go to their website thank you Pat thank you Tracey