Gerard Barron

And so the mining companies involved then got busy looking for more minerals on land.

But when you see this deposit, like they estimate there are more than 20 billion tons of these.

Wow.

More than 20 billion tons.

As I said, we have an estimated 2 billion tons on our license area.

So it's generally regarded we've got the best ground out there.

So you had all of these countries form this treaty.

And of course-

Well, not not format agree a treaty but Ronald Reagan was the president then and he's like no way in the world We're not going to join another international treaty.

So America stood aside and Said well because no one has sovereignty over the oceans, right?

Every nation can Traverse the oceans every nation has the rights to the seabed minerals on the floor To lay cables

But all of these other countries said, well, when it comes to the seafloor minerals, how about we agree a set of rules?

And so they signed the treaty, but America did not.

And so, you know, it's been a pretty exciting time.

year for us, last 12 months at least, because we've pivoted our business away from this international organization to now focus entirely on permitting this resource through the U.S.

administration.

And that really became possible with the election of President Trump.

Well, it's amazing, right?

This forms through precipitation.

So it grows a little bit like a pearl grows.