 Today, I have the distinct pleasure of speaking with both Jack Lifton and Tom Dreyfus of Appia Energy. How are you both today? Great, Trisha. Good. Thank you, Trisha. The reason that we're doing this particular update today is we want to talk about all of the interest that we are currently getting on the Saskatchewan Research Council, or as we call it, of course, the SRC, and the government of Saskatchewan announcing their plan to develop a first-of-its-kind rare earth processing facility. Now this obviously impacts all of us in the rare earth space, especially in North America, and I'd like to start with you, Jack. What are your thoughts on this announcement? I think it's very good that the SRC has done this because this is the first time this has been done in North America in quite some time. And basically, I'm not familiar with the people, the SRC, but I know about it from hearing about it from people like Tom, there are two things happening here. The Saskatchewan Research Council is not just working on rare earth, it's quite a large organization, and it works primarily on natural resources, I believe, based on Saskatchewan. And what most of our viewers do not know, especially outside of Canada, is how much Saskatchewan is involved in uranium, rare earths, oil. It is a major player on the world stage, but in America it's unknown. So this was a very good thing for the Saskatchewan government to promote, and I understand they're going to, they have significant resources of experienced people who are looking at rare earths in two ways. One, I understand that they're looking at processes for extracting the rare earths from ores and concentrating them. And two, they actually are planning to build a separation plan to solve an extraction system that will separate the rare earths into their individual components. Now, as much as we talk about this, there is no such pilot plan or pre-production plan in North America at this point in time. The Saskatchewan Research Council has the background. It's going to make the premier plan of its type. And so the focus on this is, you know, Advantage Canada, as they say in other games. And then I think this is a very positive thing, and I think the Canadian companies that are associated with the SRC are going to be the leading companies in Canada in the rare earth space. Of course, Tom, we'd love to hear what you think because, of course, one of your primary projects, Ounce's Lake, is in Saskatchewan. We're quite excited, Tracy. This is was a very, it's a very good announcement, very positive announcement, not only for Appia that has a high-grade rare earth project right in Saskatchewan, but for the entire industry. And I think for North America. Well, I think there's something also additionally interesting about this. And I would like both of your comments on this. And of course, it'll be a surprise who I ask first. Investor Intel for the first time ever had an announcement, an update on this particular news, and we related it to Appia's, how close you are, your proximity, Tom, and you were immediately trending number one within 12 hours. Everyone seemed to find this interesting. Now, can you tell us why people are finding this so interesting? Is there something we should know, Tom, or can you comment on that? Well, I really don't know why people would find it that interesting, but I can comment, Tracy, Appia could not hope for better news. We're having a rare earth processing plan in Saskatchewan, in the same area where we are, and in the same jurisdiction is a game changer. And I think it's going to benefit tremendously Appia and its shareholders. And of course, what do you think, Jack? I think there might be something a little bit more exciting there. Can you comment on maybe everyone in the rare earth industry is thinking, maybe we're going to get this to the next level? The point is that the plant that SRC is building is the next step or steps downstream from the mine. So in other words, the total supply chain is a building, so to say. And I do want to inject one thing. I understand that our audience is mainly American and Canadian here, probably Australian, but you cannot discount Europe. Europe is actually looking at Canada right now as a potential source of rare earths. And it's my understanding. This is not a secret. I spoke with him in London a couple of weeks ago, and he said that they're thinking in Europe they have metal making, alloy making, and magnet making. In fact, they're the only ones currently in the West outside of Japan that have that. And they're thinking, I understand that some Canadian government officials are thinking we should ask those people if we can license those technologies and build plants in Canada. Why not? Canada makes millions of cars, appliances, aircraft, all needing rare earth permanent magnets. So one thing that was missing is the separation plan. So this announcement couldn't be more timely for everybody, for the US, yes, even for Europe. And so, Tom, the fact that your deposits are right there, so to speak, I think is a very positive thing because, as we all know in the mining game, distance and transportation costs are a killer. And I admit it's not an easy trek from your site to SRC site, but it's a hell of a lot closer than going overseas or to the States. Speaking of easier, Tom, I want to congratulate you on your statement that you recently put out. You said, this is a highly significant announcement as it has enormous potential to benefit Appia down the track is they can potentially leverage of what is already provided by the local government. The facility is planned to be operational in late 2022 and will be capable of processing both hard rock ores and converting them into sellable individual rare earth oxides. Now, what I'd like to point out and I'd like to have both of your comments on is the monazite advantage. I had several interviews this week where everyone talking to me said, hey, the fast track to getting rare earths supplied in North America, besides sourcing them in China, of course, is monazite. Tom, how about you address that first? It's a monazite is actually one of the better source of extracting rare earths. It's the technology is known and obviously Appia has one of the highest rate of monazite occurrence in the world. We're getting up to 85 percent monazite right on the surface. And so and the SRC plan will be processing definite monazite. So but in terms of the the fact that we are we have this plan to that is going to be built in the next couple of years. They are actually starting this this fall and it's supposed to be completed by by 2022 and operational. It's great news. It's very significant for us for Appia because it could save a lot of time and money for us. We don't have to spend the money and the time to permit a built and staff and operate the plan, especially at the beginning. So and and we can we can benefit tremendously from the extensive expertise that SRC has on extracting uranium, sorry, rare earths and uranium from a monazite. So it is it is as I mentioned before, it is a game changer. And as Jack mentioned before, distance in mining and in every operation is very very important because of the cost. But another factor is regulation. You know, we're in the same jurisdiction, you know, and and as you know, you know, rare earths, you know, they're they're associated somehow with uranium and thorium and and Saskatchewan is one of the better jurisdictions to deal with that. So and and SRC is licensed to handle nuclear and and and and uranium, thorium and material. So it's it's it is excellent for apia and obviously for the industry. And Jack, how about you just give us kind of a conclusion on that particular topic, because we both know you like monazite. Yeah, it comes down to this. Monazite is is really would be the best or weak of where we could process. And the problem is in the United States, we don't we're limited in our resources of monazite. Canada, clearly, apia has found quite a bit more in its high grade. I remind the viewers that Linus is a monazite project and that's the largest, you know, a flow through system. One mine company in the world in rare earths. Why aren't we mining monazite? Answer, the radioactivity in the monazite prevents people from processing it because it takes years to get such a license. And you really actually have to know what you're doing, which is another problem. Now, the SRC and the Saskatchewan government solve that problem for companies like apia. Uranium City is nearby. They they they handle uranium. They they handle thorium. They know what to do with it and they legally dispose of it. So if in Canada, Saskatchewan is the ideal place to process monazite, it's it's perfect. I can't say anymore. OK, so Tom, everybody's looking at apia. Any final thoughts or comments about this? It sounds to me like Saskatchewan and the SRC are solving a lot of problems for you and making you exceedingly competitive. If you weren't already competitive, of course, before. Again, our our plan is to jumpstart this all select project into development. And we have been actively exploring obviously with COVID-19 was a shorted season this year, but we managed to do like a two-phase exploration program. The first phase in consistent of geophysics and surface mapping and sampling. And this it was very successful because we were we initially were looking at a very small area of the property. The property is 43,000 acres. And initially, we had looked at two, three hundred meters by five hundred meters area. And this summer, we were able to expand that to forty kilometers strike. And within that, that forty kilometers strike that we see rare earth and uranium occurrences, we have seen so far seventy four surface occurrences, uranium and rare earth occurrences. And so so it has a great potential. You know, the project and has the huge and and and we're we're very excited. Now, the second program was to do exploration of the drilling and to test this geophysics. And we do expect results from from the drilling. And we'll be issuing it. You know, releasing it once we receive them and analyze them. So we're quite excited. You know, we're committed to possibly develop the next main high grade critical earth source. Tom, I'd like to thank you for joining us today to talk to us about the SRC announcement as well. Jack, I'd like to thank you, but I'm not going to let you get off this easily. Jack, what I'd like you to do is just mention a couple more monazite projects that may be or monazite technologies we might be looking at since this topic has been brought up today. The it's no secret, I think, that the U.S. Company Energy Fuels is looking at processing monazite at their White Mesa, Utah site, which I believe is the only uranium processing site now operating in the United States. Of course, it's licensed also. Quite frankly, in an ideal world where there were no borders, FU would be the ideal supplier of material to to that site. It in the real world, I'm sure FU will will be considered as a supplier. And at times there's there's more than one customer. Quite frankly, the truth is, if you start producing concentrate, you can sell all of it to our friends in China. They're buying this kind of thing is ideal for them. They're buying 20,000 tons net of TREO from MP. And that's bass in the site or it's concentrated, but it's bass in the site, which has about half of the magnet materials in it per kilogram that your material has. So guess which one they would like to buy? OK, so and I believe that you will find Europeans are interested and I know their Americans are interested. So I really see a rosy future for your company. Can I make one comment? I understand from speaking to your outstanding geo, James Sykes, that you're contemplating surface mining or near surface mining. So you you won't run into the immense cost of mining deep underground, is that correct? So far, Jack, we've got uncover six, at least six zones. Most of them are on surface or within 10, 20 years on surface. So it's basically it's a quarry operation so far. So, you know, the mining costs will be minimal. As we talked before, we we we have seen our average rate between all the drilling that we've done and all the surface channel samples I've done when we averaged them all up. We're getting from all those zones, we're getting about 16.6 percent weight percent total rare earth oxide. We've seen grades as high as 49 percent total rare earth oxide. And about a quarter of that is is the critical material, which is neodymium price of them and so for the magnets. So we're the mining is not a it's not a big issue for us so far that we've seen and and we're very close to infrastructure. Whereas I mentioned, we're only about 30 kilometers northeast of uranium city between us and uranium city. There were there were some old mines or so there's halfway of these roads and we can have winter road access. So and we there's an airport there and air strip and there's a mining community, which is great. Gentlemen, thank you so much. And we look forward to getting regular updates for both apia energy. And of course, thank you so much, Jack, as always. Thank you, thank you. Thanks, Jack, appreciate it.