Gerard Barron

So it's a great, great starting point.

And that's why America will be able to compete with countries like China as well.

CapEx is higher, but the government recognized that, so they'll make it easier.

But operationally,

Actually, you can compete largely because energy is abundant and affordable.

But when we use heat, we generate really hot.

I mean, the furnaces go up to 1,200, 1,300 degrees Celsius.

And as that material comes out, it cools down again.

But then when you go and use it, you've got to heat it back up again.

One of the immediate opportunities is to be able to use it when it's still hot.

You save all the energy of it cooling down and you avoid having to spend energy heating it back up again.

There are opportunities to build adjacent industries near where we are to be able to use those materials in their current form.

But if we then look at manganese, what else is it being used for?

It's used in water purification.

It's used in fertilizer.

It's used in batteries are now moving to a manganese-rich battery cathode.

So it used to be very high in nickel, still is.

But it's now starting to use more manganese and less nickel because manganese is cheaper.

So all of a sudden, America could be very competitive.

And we've already produced our first, it's called manganese sulfate.