Mark LaVerghetta: There is a lot going on. I think from the press release today, I think there’s some decent value that we’ve tried to showcase that the market is putting on our carbon assets, right? We talked about earlier on the call and in the press release. We believe our platform of carbon assets is very attractive given the hard work and restructuring efforts that we’ve taken place. And I think the market is looking at that as a valuable asset, a very valuable growth asset we’re seriously considering all options. But I think the fact that we put that on the front page, we’re moving towards certain divestiture options. But, again, we’re only going to make decisions that are in the best benefit of our shareholders.
Mike Niehuser: Well, in the meanwhile, how soon could Wyoming County move into something respectable as a startup of the existing infrastructure with the additional opportunities, et cetera?
Mark LaVerghetta: Yes. We’ve started some of that early development over at Wyoming County. I think sometime next year, we would be in position to start getting some development production started over there.
Mike Niehuser: Meaningful. Yes. Okay. And as far as, like, revenues from ReElement or the lithium, too early to tell when we might start seeing revenues?
Mark LaVerghetta: And I think one thing to consider as this entire infrastructure here in the United States gets stood up, right? There’s very little that’s being produced today. There’s not a whole lot of magnet manufacturing that’s being produced in the United States, but we’re partnered –we have partners with two of the three we’ve heard of a fourth with grand plans to put magnet manufacturing here in the United States. We’re in discussions with them. But currently, today, very little rare earth centrifuge on the manufacturing happens. Same with giga factories here for energy storage and battery production. So we continue to stockpile product. We continue to run our pilot programs where you’ve been at our facility.
We’re running our facility much more frequently in a batch process. A lot of times, we’re taking that purified product and showcasing it back to our potential partners or pilot program partners that we are nurturing into full commercial partnerships. We think that’s more valuable than dropping a few kilograms into the marketplace showcasing the efficacy of our technology and putting up really sound commercial partnerships is probably what suits us best currently.
Mike Niehuser: Yes. Well, inquiring mines want to know. But one last question, and I’m sorry for hogging the Q&A. But could you just make a couple of comments about your facilities? It looks like things are starting to take shape as far as capacity and co-locating. And I’ll just step off the call, but thank you for taking my questions.
Mark LaVerghetta: Yes. Well, we currently, as we’ve talked about in the past, our Noblesville, Indiana facility is currently running. It’s really an R&D center, but just given the technological advantages of chromatography, we can actually run good throughput through that facility. We’ve talked about our expansion up in Marion, Indiana, 42-acre campus, building that out with much larger scale, capacity, initially. Initially, we’ll look to build that capacity out of 2,000 tons of output of pure rare earth oxides per annual, as well as…
Mike Niehuser: How many tons did you say?
Mark LaVerghetta: 2,000 tons of purified rare earth oxides per year on the rare earth side and on the critical minerals side. Again, it’s a little bit harder to model on the battery side of things based off of the variety of inputs, the quality of the inputs, the different chemistries of the inputs, but we’re building that out to be about a 5,000 per year of high purity lithium carbonate, 5,000 tons. And a third of that was, let’s just say recycled NMC, chemistry from a black mass perspective, from an input, that would equate to about 3,000 to 3,500 tons of a mixture of nickel and cobalt sulfates. And then we currently are looking at advancing lithium preprocessing in Eastern Kentucky.
