 Mark Smith is the president and CEO of Nile Corp. Development, Slimtid. Mark, welcome to the Investor Intel Studio by Oskai. Thank you, Fred. As always, it's an absolute pleasure to be here and to talk with you. Well, thank you. Now, we've caught you in Colorado. And this is another story that's been on wheels in the market of recent. And I think we should just start for those that don't really know about the use of the metals for you to give us a little rundown on Niobium Titanium Scandium, please. Perfect. Let's start with Niobium, because that was really kind of the foundation of what we were looking at when we first discovered this ore body. But Niobium is an element that you add to steel production and it makes the steel much lighter, but it makes the steel much stronger. It has the added capabilities, however, of providing some very good temperature and corrosion resistance. So it has some really phenomenal applications in things like oil and gas. When you get into the deep water drilling or the fracking that everybody hears about today, Niobium based steel is really, you know, there's no substitute for that material in those applications. And it's largely because you need the strength of that steel and you need the corrosion and the temperature resistance associated with it. Interestingly enough, though, oil and gas is the second largest, I'm sorry, third largest use of Niobium in the world. The first largest use is actually in architectural buildings, bridges and road construction. And that really goes to the strength that Niobium adds to the steel. And again, makes you and I as inhabitants of buildings or as we're driving across bridges and over roads, it makes it safer for us. The agencies and governments that put a lot of the infrastructure in like to use Niobium in construction of those items because of that corrosion resistance can actually provide a much longer life with these infrastructure requirements as well. So again, number one use of Niobium is infrastructure. Number two use is actually the automobile. And this is one I actually like to talk about the most, Fred, because I think most people can really touch it and relate to it very well. When we put Niobium into the steel in an automobile, it does two things for us. One, it makes you and I safer as the owners of that automobile just in case we get into any accidents. I know that never happens for you and I, but for others. And then second of all, that Niobium makes that car a lot lighter. Only about $9 worth of Niobium in your average car can actually reduce your fuel usage by about 5%. So this has been a primary method of the automobile industry to achieve the mileage requirements that the EPA has on them, the CAFE standards as they're called, where they have to have so many miles per gallon in order to pass those tests. So those are your three primary uses, architectural and infrastructure, the oil and gas industry and automobiles. There's a whole bunch of others that are also very important, but much smaller in terms of volume. So it's a big use, about $100,000 ton per year market, two and a half to $3 billion dollar market right now. So it's significant and it's one that we certainly are excited to be involved with. Your mind, the Yelp Creek project is in Nebraska. You announced earlier this year that you've done a pre-leach test that was successful. What are the other stages of advancing this to production? Probably the best way to describe our metallurgy right now. And there's no question metallurgy has been the longest and hardest part of our project to get through. But I will also say that in my 35 years being in the business, I have never spent a dollar on metallurgy that I've regretted later. So we're going to do this right and we're going to make sure we understand what this ore is all about and how to process it. What I'm extremely happy to say right now is we know how to process our ore. And now what we're doing are the final pilot tests associated with that final process. But we know how to process our ore. We know how to get probably some of the highest recovery levels for all three of the elements that we're mining New York for. Niogandium and titanium. And we're going to be, I think, a lot happier at the end of the day even though it costs a little more money and it's taking a little longer to get through this process. It's better to know what you're doing with that ore before you build the planet as opposed to after you build the planet. These are strategic metals. The U.S. government has been the subject of a lot of writing on investor intel by various authors that we have. The importance of these strategically to the Department of Defense, for example, has been written about, could you put the Department of Defense or U.S. contracting in the context of Elk Creek, please? Well, we think the Department of Defense is going to be pretty excited about this project. There are two elements that we're producing, niogandium and scandium, which are not produced in the United States today. And to me it's kind of simple. I don't need to see a regulation or anything else from the government to tell me when something is strategic. If you're not producing it in your country, I think by definition it is strategic. So niogandium is a very good example and scandium is a very good example as well. Niogandium is produced in two countries today, Canada and Brazil. So by definition, I think niogandium is a strategic and critical element in every country in the world except Canada and Brazil. Scandium, on the other hand, is produced in two countries today, China and Russia. So by definition, I believe scandium is a critical and strategic element in every country except China and Russia. Now, those are some pretty strong words, but when you think about the importance of things like niogandium and scandium in the aerospace industry and you think about Air Force fighter jets and what not, I think the lack of having any production in the US and the importance to the United States Air Force really becomes a common sense thought at that point. That you have CMC co-medals and an off-take agreement before you're even in production suggests that they also feel that these are important. They absolutely do. And of course, CMC co-medals has a 25% off-take agreement with us for the niogandium. We also have a 50% off-take agreement with Teeson Group. So actually 75% of our niogandium is already part of off-take agreements with very substantial, very mature, very seasoned companies. And I do believe, Fred, as you just noted, I believe in it quite strongly as well, that when you get large, mature companies like that that come in at this stage of a development project and enter into enforceable off-take agreements, I think it says an awful lot about their confidence level in this project and putting it together. So I'm extremely pleased with where we stand on off-take credit. I think confidence is a good point that you make. Mark, I think that the confidence that the market has been showing in Neocorp is in large measure to your leadership. You come in as not only a great leader but also as an investor. You have skin in the game and investors love that. Well, first of all, let me say thank you for those compliments, Fred. And then I'll note that I am the single largest shareholder in Neocorp. And I hope that that sends a very strong message to the market in terms of my confidence in this project and our ability to ultimately finish the feasibility study, raise the project financing and build this project. That's where we want to go with this. I also want to say that with your nice compliments, I hope everybody understands that I have an unbelievable team of people that make me look a lot better than what I probably deserve. But this is a team effort in this company. And these are hand-selected people because of their technical competence or their experience. But they're all of the same values. We all have a very strong sense of trust and honesty with each other in this company. And it really makes life a lot better. So it's the team that makes everything happen. It's not ever one individual. Well, Mark, in closing, can you lift the sheet off a little bit and tell us what's perhaps in the future for the next couple of months? Well, what we hope to hear in the next couple of months are some final decisions by the Army Corps of Engineers in terms of navigable waters within the United States. So that's a very big decision for us. We expect that any day. We expect to finish the metallurgy process and all the pilot tests associated from the next two to three months. Next comes the feasibility study. So those are going to be those threshold items that you're going to see coming in and coming in pretty fast as we get towards the latter part of this year. We're excited about that. We have enough money in the bank to finish those things. So we're ready to get to the end line and make our investors happy. Mark, thanks so much. We look forward to an update in the near future. Thank you, Fred. Always a pleasure. Thank you.