 Today, I have the pleasure of speaking with Jack Lipton. How are you today, Jack? I'm fine, Tracy. How are you? I'm great. And I'm going to start with, I can't wait to see you this next week at the Technology Medal Summit. Can you give us some kind of glimpse into what you're going to be talking about? I've decided to talk about how the financial world views the resource world. And there isn't very much understanding in finance, and I'd like to make the point that the Chinese seem to understand this a lot better than we do. How to finance companies that make critical materials for our society. Never mind the share prices and the pumps and the promotion and all that, we really need to get these companies financed. And I've changed my mind now after 75 years. I've decided that national governments in Canada and the United States should indeed invest in these resources. I'm going to talk a little about that. Okay. So, speaking of governments, I want to ask you, because I know you sit on the Board of Directors for Texas Where Earth Resources, and they've just announced a deal with the U.S. Defense Logistics Agency. And I understand that this is the first time they've ever awarded a contract like this before, so talk to me about this. It's certainly the first one ever in the rare earths field. I wouldn't know about the actual history. But the point of this contract, as you say, is to determine whether or not continuous iron chromatography is an effective and economical means of recovering rare earths from deposits such as Texas Where Earths. So to me, it's the first I've ever heard of this, although I understand in World War II they might have awarded similar contracts, the ancestor of this agency. People have to understand this is not just an award to Texas Where Earth to supply a few grams of yttrium. This is in fact the agency determining whether or not Texas Where Earths is on the right path to develop its project with the right non-traditional technology, which is continuous iron chromatography. I understand that the originator of that technology will be a panelist next week at the conference. Is that correct? Well, it is correct, and I was just about to say I'm kind of putting you in the hot seat here, Jack. Yes. What we have next week is we're going to have a number of the top disruptive, innovative and revolutionary and groundbreaking rare earth extraction technology representatives all on the same panel. Right. Now, can I get you to comment on how you think that's going to go down? It's all a matter of economics. The three technologies I'm looking at are MRT, the technology being developed for U-Core rare metals, the continuous iron chromatography that's being developed for Texas Where Earths, and what I call targeted solvent extraction, which is the very modern variation of solvent extraction that has been developed by rare element resources. And I believe all three of those companies will be on a panel to discuss their technologies as they apply to their own deposits and as they might apply to resource deposits in general. So this is actually the first time these latest developed technologies will have been put in the same room and talking to each other, let's say, their promoters. And quite frankly, this is probably the most important panel at the conference and certainly the most interesting one that I've ever seen. Well, thank you for that. I agree with you and of course we're also going to have the, it's my understanding we're going to have the Oak Ridge National Laboratories with the membrane extraction technology and the innovation metals technology as well. So we've actually extended this panel for over an hour and a half because I don't think we can handle this many scientists together in one hour or less. So speaking of that and speaking of the upcoming technology metals summit, we also have Amanda Lacaz from Linus who's going to be kicking it off. You're obviously going to be introducing her. She's going to be talking about Linus as a turnaround play and what they're planning on doing and being competitive with the Chinese with their processing and their cost. Can you talk to us a little bit about how you perceive Linus and what you expect to happen in this presentation? As I commented yesterday on Investor Intel, I think that Linus is producing at least two thirds, perhaps 100% of all of the rare earths produced outside of China in the so-called rest of the world. Now Linus in my opinion and from knowledge, direct knowledge I have is the lowest cost separator of light rare earths on the planet and therefore that's why it's surviving and that's why it's competitive. Now they've had some rough times, they have a quite nice state-of-the-art huge processing system in Malaysia, in fact it's the world's largest solvent extraction plant dedicated to light rare earth separation. It's not only the largest, it's the largest one ever built and in contrast to a recently failed company, the Linus plant works. So I'm very optimistic about their future, the Japanese seem to love supply from Linus. Unlike some national nations and corporate representatives of those nations, the Japanese have poured their money into things that work and some things that didn't work. Japanese have spent a lot of money in India, in Vietnam, that hasn't worked out so well but the money they've invested by giving off, they accept the lead to Linus has been a success. So I think Linus is the star of the rest of the world where earth industry. Well they are and I'm looking forward to seeing Amanda present. Also of course we have Mark Smith doing a lunch presentation on NIO Corp. We're going to be discussing a lot about the super alloys, what's happening in the technology metals sector overall and Jack as the founder of the term, you coined the term technology metals. I want you to know that I just finished having an interview with Hastings Wear Metals and they kept talking about how they're focused on technology metals. So technology metals of course now expand, we've expanded it to lithium and graphite. Can you tell us a little bit more for our audience who may not understand what you meant by technology metals when you came out with this term? Yeah I mean those metals, they're not all rare metals but those metals that enable the technologies we have today that underpin the society. The most important technology metal is not a rare metal, it's called copper. Copper is literally the vascular system of our civilization but in order to take the electricity generated let's say in northern Manitoba to charge an iPhone in Florida requires more than just copper. It requires rare earths, lithium, graphite, uranium, many many many others. The point is these metals and materials, I call graphite a material although it's elemental and of course a metal would be like copper. There are a variety of these materials, all of them are important to technology because in one way or another they either conduct electricity or they can be made to conduct electricity including graphite, graphite is a good conductor. The future of technology is now downstream tracing. You're going to see from now on unbelievable developments in the technology of lithium ion batteries, graphene based devices and new rare earth devices and alloys that will completely change the context in which we speak of these things. We are now entering the next phase of development of technology metals and materials which is extreme high tech. That's why it's so important to pay attention to these new technologies for recovering the rare earths economically and from low concentrations as well as high concentrations. We're going to need these materials, the technology metals more than ever and we can't waste them. Recycling is becoming a big deal. There's already a 25,000 ton a year industry in China and it's a zero ton a year industry in the United States. What do you think about that? I think we need to change that. Well Jack, fantastic, I love your conclusion and I especially liked when you were mentioning moving downstream the water sound effects behind you. So once again Jack, thank you so much for joining us, we really appreciate it. Okay, thank you Tracey.