And that’s key when we’re competing head to head with China and the Asia Pacific region on shoring manufacturing.
Mike Niehuser: So this goes along with the theme of that you can pretty much take not anything, but pretty much anything. And regardless of what kind of waste it is from different kinds of batteries, in conditions sprayed left out in the rain, whatever it is. If you have a basic understanding of your feedstock, you’re able to purify it, so that none of it goes to the minimal amount as possible goes to the dump. I think that’s what I’m taking away here. And I guess it depends on, you just prove that you can do it just a matter of finding the right partner at the right place and such. So that’s what I drive into that.
Mark LaVerghetta: Yes. You’re right. Auto manufacturers are highly focused on all of that, reducing the total amount of waste that come out from any of their production. Our ability to do that, we provide very efficient solutions for us, typically in the recycling process, you can only go after NMC because you need that nickel cobalt value to justify your cost structures. For us, it showcases how low our cost structure is. We can extract the lithium very effectively, very cost efficiently in a low-cost manner and very high purity form, at commercial scale from LFP battery chemistry. Again, we’re the only ones that we know that have been able to showcase that.
Mike Niehuser: Okay. So along those lines, you’ve got a shipment of spodumene coming from Africa. How soon do you think you’re going to be able to tackle that? And is that going to kick off marketing to lithium mining companies as they seek to upgrade their lithium with maybe what could become a standardized process in the industry? Is that – what’s the timing on that?
Mark LaVerghetta: Yes, it’s a good question. I think timing is always hard to predict just given counterparty’s timelines. But what I think you can take away from it is our ability to refine lithium very effectively from manufacturing or scrap or end of life whether it’s LFP or NMC or if it’s the input, the feedstock input is ore-based virgin spodumene ore it really doesn’t differ from a technology perspective. It’s very, very similar from a cost structure and purity perspective. We look forward to communicating our milestones of purifying lithium coming from natural occurring ores. We have our process lined out. We know what our technology capabilities are. We’re fine tuning those today, and I think we’ll be in a position here in the short-term to communicate those milestones.
And then, right, as you think about it, I think, well, it hasn’t been – it’s already begun. The reason Mark Jensen is not on the call today is because he’s visiting some of our partners and looking to expand some of our partnerships abroad to source those raw materials, those natural lithium-based stores to bring in. And again, it showcases our technological advantages of purifying that lithium ore into high purity carbonate or hydroxides form what the battery industry really needs.
Mike Niehuser: Well, just a question for modeling for me. As far as, like, either revenues, et cetera, on the ReElement side with the rare or sort of the lithium with what you just mentioned or with the carbon assets, with everything that’s going on there, narrowing activity there, should we just assume that it’s market dependent production there. And as you move closer to be able to start Wyoming County in earnest, there’s going to be a couple of quarter slump in revenues as things come back into place and you sort out some of these sale agreements. It looks like there’s a lot going on.
