Mike Niehuser: Great. That’s just super. The transportation, you laid out is undeniable, a huge cost savings. But I guess as I have learned about your technology, it’s, it is so effective in producing high purity material that, that I have the side benefit of being flexible for different types of material that you process. And I was €“ the original part of my question was, is that each one of these lithium mines has a unique or, and my sense is, is that your chromatography process isn’t distracted by the nuances of the ore in terms of you just have to get it into the right condition, and then just present it to your columns with the technology. And so it just seems like it could be a universally a very €“ something that would be considered by every company going in as opposed to feeling like they need to develop something proprietary, it would take years and cost like?
Mark Jensen: So, what’s unique about not only is our patents are great, and our trade secrets are better. But what also we possess is the ability to run simulation software that we can plug in based on our Ictus machines that we own that we can plug in the data, that will run the virtual simulations to tell us our mass balance calculations, which means we can process any orders any chemistries. Because of that software, we can move very quickly. We don’t have to spend weeks or months in labs running analysis to dial in or solvent extraction call of tanks and change our emulsion chemicals and ratios. We don’t have to do that, All we need to do is run it through our mass balance calculations based on what ore body is coming in to run those simulations virtually.
That software we control that was put together through 40 years of research by Dr. Wang and Dr. Yi Bing on our team now is an absolute game changer for us, not only for the lithium bodies, but also the magnet materials. And that is what’s unique about the flexibility of our technology and then the purity. I mean purity matters. Purity is I mean the impurities within a battery are oftentimes what causes a combustion event, which causes fires with a battery. When I first met Bob, that’s one thing that he is like, you need to make sure you can bring high purity. And we showcase that to him, he joined our technical advisory board and then just recently agreed to join our Board, because he felt comfortable with the efficacy of our technology and the proof and our technology of how it works.
He watched the facility run and he is like, that’s the goal. That’s a game changer. And I mean, I am obviously super thankful to have him on our team, because he is a rock star. I mean he is probably the most respected or one of the most respected guys in the battery industry. To have him on our team, I mean it’s hard to express our gratitude towards that, but he believes in the technology, and that’s important.
Mike Niehuser: Does the co-location that you are seeing that opportunity? Does that reduce the need to be able to build the facility in Indianapolis that you have kind of got online, or is that €“ and what’s the timing for that?
Mark Jensen: Yes. We have not announced our second facility. We did say it’s going to be in Indiana. We are €“ the bid has been approved for that facility. Now, we are waiting on documents. We have already started renovating it. But no, so the co-location opportunities would not displace and we still need a bigger facility. We weigh over on our existing facility already. So, we need to meet our larger scale facility, but that we €“ also the partnership opportunities for people to co-locate at our facility. The facility we selected, this 42 acres, it’s a huge site. And so the ability to bring in partners alongside of us, we get magnet producers, battery producers, can producers. We are in conversations with them, because we will have a lot of excess capacity at that site. And it will be our first €“ it will be our large scale internal site. But also then, from there, it will be all about co-location.
