 Hi this is Jack Lipton and this is Critical Materials Corner. Today we're going to look at APEO and we're going to talk to its CEO and chairman, president. All those jobs rolled into two people. Tom Dreyfus, the founder of the company, and Fred Kozak, who is today, assumed the role of president. I would like to know, Fredrica, congratulations on your new position and I'd like to put you on the spot. I'd like to ask you now, what exactly are your plans for APEO in the next 24 months? How are you going to move the deposit to development as a mind and what are you going to do with the material after you have extracted from the earth? Well, for day one on the job, Jack, that's quite a question. We know what APEO's plans are through the summer and we've got a very active, excuse me, delineation drilling program arranged for the summer. We're looking at winterizing our camp up on location so that we will be able to drill through the winter and specific to our plans in the next 24 months. Well, I can see that we will be able to pull ore out of the deposit within that time frame as to where it goes. That will be the next question. We know this is a Saskatchewan Research Council and Saskatoon is building a processing facility for rare earths. We do know that there are other opportunities both in North America and outside of China for rare earth processing. My understanding is that the Saskatchewan Research Council will have their system ready in about 24 months or sooner. Is that correct? Yes, they have said before the end of 2022. So hopefully within the next 18 months. And what's the company doing about the need to extract the rare earths from the monazide ore? In other words, to prepare a mixed rare earth material that will feed the separation plant of the Saskatchewan Research Council. Who's going to do that chemical engineering work? Tom, would you like to take that? Jack, we started a benchmark, a better word study that is done at the Saskatchewan Research Council right now. So the aim there would be to sort of separate the monazide from the horse rock and also produce carbonate concentrate. The fact, you city I want to remind our viewers is Uranium City, Saskatchewan, which is basically a center of the Canadian uranium mining refining industry. So I guess that answers my next question, which is what you guys plan to do with the uranium and the thorium. And can I assume that it will be processed in Uranium City or nearby and it will be legally disposed of or sold? Well, Jack, I mean, this is down the road. But let me give you our thoughts. Our thoughts is we're going to concentrate the monazide in either on the property or Uranium City, and we're going to drive it to either the Saskatoon or some other place where it's going to be processed. If we do a deal with SRC, for example, the Saskatchewan Research Council, they are licensed to deal with their activity, and they will be the uranium. Obviously, we know what we're going to do with it. We're going to be selling it. But in terms of the thorium, they will deal with that. Here's the point. Monazide has been the real sleeper in North America anyway, and most of the rest of the world, because no one could process it because they could not legally do anything with the uranium and thorium, either to sell it or to store it. Now, as I'm sure you know, we've now got a major operation going in the United States with energy fuels, which is fully licensed to process uranium and sell it and to store thorium, as is believed the Saskatchewan Research Council. So you really are the only guys in town, and you're certainly the only ones in Canada who can address monazide as a feedstock, and I want to remind everyone that monazide is 50% to 60% richer in magnetic rare earths than bassinocyte, so that if you have your druthers, as they say, you would always mine monazide. The reason it hasn't been done up till now is because of the issue of radioactivity. Now that this issue has been solved once in the US and now in Canada, I think that we're going to see a revival of the Canadian rare earth industry, but with a new emphasis on monazide. So I'm very interested in following what you're doing, and I'm very glad you got to it. I happen to know that your monazide is probably the richer monazide in critical rare earths of any deposit I have ever come across on this planet. Now the size of it is going to be very important. I know you don't know that yet. That's what you're looking for. You haven't really proven out the resource yet, but good luck to you guys because you only have one direction to go. Jack, we're quite excited. As you mentioned, we've got the highest or one of the highest monazide in the world. We also have gallium, and we know that that occurs with monazide, and we're doing some work to reassign all drill holes to see how much is there, but our goal is to be a major critical rare earth supplier in North America. Just as a very interesting final comment I want to make is this. The largest gallium refiner in the Western world outside of China is neopreformance materials of Toronto. So I have a feeling that neo is going to be talking to you in the very near future about that, and with that I'd like to say thank you very much, and really we have to follow this one because this is Canada's most prominent at this point in terms. Thank you, Jack. Thank you, Jack. It's a pleasure to speak with you again.