Mike Niehuser: Well, just a comment. I really like what you said about the ionic clays, for lithium and rare earth, since that is kind of where you got into this whole ReElement business to begin with. But if somebody just listened to this call for the first time, they would think that you are trying to planning on supplanting the entire refinery industry. And then they would kind of walk away probably incredulous having not seen your success firsthand. But that is kind of the direction you are going, isn’t it? To be just real opportunistic, to exploit every opportunity you can anywhere along the supply chain from beginning to end.
Mark LaVerghetta: 10-years from now, ReElement will display solvent extraction in the world. Now the legacy facilities will be running, but nobody will build a new one. Our technology is superior. It is lower cost, it is more environmentally sensitive and it is highly scalable. I’m highly confident of that. Now, we continue to prove it. And to your point, yes, we got into this space by, we developed ReElement by just trying to treat environmental liability. That is why we developed the business plan over nine years ago, when we bought the mines, we were treating water with it. That is why we developed the electrolysis technology with Dr. Bodi. That is how I met Dr. Wang cause we were looking for once we could concentrate it, we were looking for a way to refine it.
We have been building this for a long time. We have also been processing commodities for 20-years. Lithium, rare earth elements, all this stuff. They are commodities. People think it is really sexy and exciting and you can jump into it and it is just, you can print money if you just build something that is not the case. You still have to have a cost structure that makes sense and you still have to be able to do it in a way that is one commensurate with product quality your customers actually want. That is what ReElement does. But we are also building that on the backbone of a team that is been processing commodities for a really long time and understand how to survive those markets. And we have done it. We are hell, 95% of the coal business around us went bankrupt during the eight years when we were growing our business.
And we are now one of the largest, longest standing coal mining operations in eastern Kentucky today because we never went bankrupt cause, we have built our business model to survive and thrive.
Mike Niehuser: The Knott site came in handy too.
Mark LaVerghetta: Well. Oh, it is awesome, right? I mean, yes. And the people. There are phenomenal.
Mike Niehuser: Well, thanks for taking all my questions and appreciate it very much and congratulations on all the things you have done, especially with the non-dilutive financings is really quite, quite hard to take all in. Thank you.
Mark LaVerghetta: Well, a hundred percent. I appreciate it. And non-dilutive financings are key. We are all shareholders. I mean, that is what motivates us when we wake up in the morning, making sure we are protecting the dilution within the company and also positioning it to grow so it is not sitting on our hands just hoping financing comes in. It is making moves to bring in innovative capital. Kirk Taylor, our CFO’s done an absolutely phenomenal job at that. I mean, the guys – he is super smart on how to make sure we protect the shareholders through capital allocation. Thanks for your questions.
Operator: We appear to have no further questions at this time. I would like to turn the program back to the speakers for any additional or closing remarks.
Mark Jensen: Excellent. Well, I have kept you guys on here for quite a while. One, I want to thank you all for joining. We know you have better, other things to do and taking a few minutes out of your day to listen to us speak, we appreciate that. We couldn’t be more excited and thankful for the position we are in, the team that we built and the opportunities we have in front of us. The next few months, next few weeks, next few days are going to be quite exciting for us. Please stay tuned to what we accomplished as a business. It is going to take a lot of groundwork, and we are prepared to do that to take this business to the next level. And eventually, our marketplace will respond to that, as one of the management of some of the largest shareholders in this company, obviously, we care about market value.
We care about it over the long-term. And we know that fundamental business development and expansion will eventually drive market value. But I thank you all for your time. Excited about the future and look forward to speaking to you again here in the near-term.
Operator: This does conclude today’s program. Thank you for your participation and you may disconnect at any time.
