Gerard Barron

And so we turn 100% of this into saleable material.

And it's got about 33% pure metal.

But the rest of the material is, there's some silica in there.

There's a lot of crystallized water in there.

So about 24% of it is moisture.

But the rest of it, we all turn into saleable product.

And that in itself is almost...

Well, very unique to this resource because on land, you know, you go looking for a copper deposit.

And last year, the average grade of copper mined was about 0.6 of 1%.

So it means that you go digging up a ton of material, a thousand kilograms of material, and you have to treat it and process and cart it and take it places looking for six kilograms of copper.

So it's very inefficient and it's very expensive and it creates a lot of impacts.

Whereas we lift these up, take them to shore, process them, and we turn it all into saleable material.

So it's kind of unique.

You do the processing as well.

That's our plan.

And the reason why we're so excited about the U.S.

is because President Trump and his administration made reindustrialization a priority because for decades, America has been outsourcing mining and processing and refining to other parts of the world, particularly China.

And then, of course, you wake up one day and you realize that

your adversaries have control out of all of the critical minerals that you need.

And it was a foolish playbook in hindsight, but it was hard and heavy industry.