 Today I have the pleasure of speaking with Greg Andrews from Search Minerals. How are you today Greg? I'm great. Thank you, Tracy Greg, I could not be happier for search minerals shareholders Everyone following your story. You said you were going to achieve these milestones So let's start with the most recent one you signed an MOU Non-binding MOU for an off-take agreement with USA Rare Earth I understand what this means, but perhaps those out there an investor in tell land do not so let's talk about this first Sure. Yeah, signing the MOU with an off-take agreement is important for us as as what it does is that it sort of validates that you know When we get into production that we have sales at the end of the day The 500 tons per annum that we signed with US Rare Earth would represent about a third of the production that we anticipate from our Foxtrot and Deep Fox Deposits, so it's really important that we we continue down that supply chain For our funding partners that was that's important for them to see the credibility and validity of our project in that sense Well, not just the credibility, but the significance of this I know Jack Lifton did a piece about this recently about how this will make you both Really providing a supply chain for rare or Earth's in North America Do you agree with this and can you comment a little further on this, please? Yeah, absolutely Tracy. It was important is that that is our goal is to strengthen the North American Rare Earth supply chain, strengthen and create it And this is just one of the the stepping stones. US Rare Earth is doing a mind-to-market They bought the magnet facility from Hitachi So they have their facilities that they're working towards and then and when we look at our supply chain You know, we've gone from producing our concentrate We we've signed with Saskatchewan Research Council and US Rare Earth so looking at the separation for the oxides And now Tracy we want to the market's really pushing us to to to make the neodymium metal And that just pushes us further down the supply chain and having the off-take agreement Sort of starts to solidify that route for us Speaking of route, I actually think you called it the sprint to production or was it race to production? We we say sprint to production Tracy and and it really kick started in February when they uh, you know You know search has been in the headwinds for you know, in all rarest companies for the last five years But the tailwinds sort of started shifting in January, February, and we were able to raise Some funds both hard hard funds and flow through funds which allowed us to do our work programs Which were necessary for our sprint production when we want to do our sprint production that involves getting our pea updated which we expect that for January and February of 2022 The work that we've done with the funds that we raised we did 7 000 meters of drilling in our deep fox We we produced 6 000 assays that we've got all the results back. Dr. Randy Miller and his team Work tirelessly to get ours because we've put on tight deadlines for ourselves In amongst all that we still did our our fox metal and silver fox They're going to be drill ready for next year too. So a lot of things were accomplished in that short amount of time That that we're very proud of our team that was able to get that done And for those of you out there following rare earths or critical materials in general You may not appreciate where this sprint is actually Expected to be we have a timeline, right? We're looking at the end of january. Is that correct, right? Yeah, and I think uh, tracy, that's really going to reset Our business plan because our pea the only pa we have was from 2016 And so there's really five things that have really changed in significant way from 2016 to the one that we expect number one adding deep fox as a resource with fox trot will Be allowed to increase our production to 2 000 tons per day, which is great our Continued pilot plant work by david reisinger has been able to complete has increased the recoveries from 79 percent to 90 percent Our deep fox resource in itself had 15 percent higher grades Which is great. So all those elements Are contributing to you know our expected pea You know being quite robust when we release it and the other thing tracy that we're quite excited about is we believe that we'll be able to say That you know, not only will it be robust, but we'll be economic at today's prices as we know the prices have doubled So our 2016 pa said We're not economic, but our prices need to double for us to be economic And now those prices have come to our forecast, which is is great for us And while we always attempt to have short impactful interviews I have to ask you one more question because you touched on this already. You mentioned Dr. Miller right dr. Randy Miller dr. David Driesinger one of the things we've been discussing on investor intel Some of the news lately about another rare earth exploration product project that lots of money had been invested in Had to be withdrawn At for now because they just can't find the talent To get it done. So if you could just talk about your talent Some people may appreciate being reminded of what you have put together because you have been building this for some time And you have some of the most talented players in the rare earth processing Supply chain on your team already. Congratulations. Thanks, Tracy. Well, one of the things when we Entered this space was was You know to be that low cost capital cost producer little operating costs and we look at You know four pillars really defining the rare earth space Where by number one pillar is the resource and number two that you have to be able to process it Number three you need to be able to separate it and number four you need to have the offtake So when I look at my four pillars and I said I've talked to randy miller managing the resource That's a check mark with David Driesinger Managing the processing. That's a check mark separation. We're working with us for air since the scatch on research council So that's great and the recent mo you with us for air just helps complete our pillars that we're that we've been working towards Well, speaking of pillars that most people don't discuss As you have perhaps the friendliest group of shareholders I've ever seen in my entire life I think everybody that lives in newfoundland is a shareholder. Obviously, that's an overstatement But you have a group of friendly Loyal shareholders that have been cheering for you. Uh, would you agree that that Conclusion is correct. Oh, it is Tracy. And you know when I when I'm out there in, you know, I was out there Just recently visiting all the town councils On the street people know who search minerals are this is a project when when I talk to the town councils that just the the Their communication is great. This is a great project for southeast Labrador our workforce You'll have a workforce. Our families will come home. Our communities are shrinking You know, we really this this is a project that that the province is really taking notice of and the shareholders Have been have been loyal with us since they invested in since 2011 Waiting for waiting for us to complete our job and and with that we just constantly thank our shareholders Our indigenous partners and it took a bit community council provincial government federal government all those people that Have invested in us when the rare earth wasn't really capturing the investment dollars, but it captured their their dollars and imagination Well, for those of you new to search minerals search minerals is on the spritz production and the timeline is early 2022 Greg Andrews. Thank you so much for joining us today. Congratulations on your recent mo you offtake agreement with usa rare earth Thank you, tracy