Tony Sage

The Romanian government is heavily involved.

50% is going to go to them.

And we've signed deals with UCOR in the States, re-alloys.

And we followed MP materials to Saudi.

They signed a deal with Trump and MBS a few months ago.

We followed that lead, and we're building a processing plant in Saudi.

But all of the product from the Saudi processing plant will go to the U.S.

Okay, so we partnered with the Romanian government with their nuclear department.

They're reprocessing nuclear rods already in the plant.

We're going to build our plant next door.

The technology is there for us to do that.

We're using the same technology in Saudi Arabia, so that will be set.

The 25% of the product that's coming directly to the United States, we're using the U-Core technology.

They've got a plant in Louisiana.

And we're using the realloys technology, which is based in Ohio.

So that's 25% pure product going to the U.S.

for U.S.

But the Saudi 25% we're going to refine there is going to go to the U.S., the end product, which are the terbiums, the hasmiums, the niobiums, the galliums, et cetera.

Look, in a lot of areas of Greenland, as President Trump said, is under ice, under a lot of ice.

We're very lucky with our deposits.