Kirk Taylor: Yes. I think at this point, we’re now getting discussion with SEC and we’re trying to maximize shareholder and strategic value along that process. We wanted to make sure that it is a proper public company and not just spun out just for the sake of spinning out. So we really wanted to go through the process, keep our options open, and get it to this point of being actionable when the value is there to act upon. I really – I think that’s probably as far as we want to go, I don’t want to get into it, we have one comment or no comments or so.
Mark LaVerghetta: Right. Mike, I’ve always also said repeatedly when you’ve talked to me in the past, or I’ve talked is the spin out of ReElement is a, strategic; but, b, it’s not – we like to execute on things quickly, right? And I think we’ve showcased our ability to do so. But in regards to the ReElement spin-off, it’s not – speed is not the primary objective here. I think if speed were the primary objective, we could separate ReElement and let it drop off into the public market and let the public market figure out how to value it. Or we can help investors hit the easy button by discovering value through the capital raising process through strategic partnerships.
Michael Samuels: Okay. No, I understand. Okay. Thank you.
Mark LaVerghetta: Thank you. We appreciate it.
Operator: [Operator Instructions] And we’ll take our next from Steve Segal with KBB Asset Management. Your line is open.
Steve Segal: Hey, Mark. The question I was going to ask was just answered, but I was just wondering, I know we talked a lot – well, you talked a lot about lithium so far in this call. Has there been any new things or new developments in the magnet area as far as partnerships?
Mark LaVerghetta: On the magnet side of things or on the lithium?
Mark LaVerghetta: Yes, magnet side?
Mark LaVerghetta: We continue to have very strong pilot programs in our pipeline today where we intake a variety of feedstocks from large powerful manufacturers, auto OEMs. We continue to showcase our – the efficacy of our technology, showcasing what we’re able to do in providing sustainable sources back into their supply chain of those critical raw materials. So, yes, there’s – there continues to be progress and developments made. We just haven’t gotten to a point yet where we’re able to publicly announce them by name. But we’re getting – I would say we’re getting closer on the magnet side. I think one thing to also highlight, Steve, is the flexibility of our platform allows us to look at – from looking at different feedstocks, our ability to take the entire powertrain of an EV and recycle it back into high purity sustainable products is differentiated as well.
So our ability to take the motor and magnets out of an EV, recycle them back gives us the ability to talk to OEM’s battery team as well and vice versa rather than just looking at for a battery recycler, and we can only handle NMC battery chemistry. We have a much broader and appealing proposition from an auto’s perspective, I would say, to look at. But we continue to drive those pilot programs forward with what we feel is a high degree of success. And, yes, we look forward to communicate – communicating those milestones when we’re able to.
Steve Segal: Okay. And then the other question is, like, as far as the – sorry about that. As far as the LOI goes for the whole seal. Like, is there some type of a timeframe on that? Because, in the – or in the meantime, you still have to progress and get Carnegie reopened when you can and get Wyoming starting, right?
