Part2 NR Mar22/22Tracy A. Moore: Canada Rare Earth is in business. We have sales, we make purchases, we have customers and simultaneously, we're developing a proprietary property, in South America and acquiring a completed rare earth refinery. What really differentiates us from others, is that we are in business and simultaneously developing proprietary streams. We have three key elements to our business strategy. The first of which is resource development, based on multiple proprietary properties and augmented with exceptional third-party supply, which is immediately available. Secondly, is the development of a value-added midstream processing capability. We're looking at acquiring a refinery and developing another as well. We're in discussions, with two national governments and some other prospective joint venture partners, to establish a rare earth business. Thirdly, as I mentioned, we have sales of products to our solid customer base, and we are actively in discussions developing other prospective customers. As a result, we're actively looking to increase our supply, of readily available products, to sell into our solid and expanding customer base. Dr. Allen Alper: That sounds very good. I wonder if you could tell our readers/investors a little bit about the rare earth market, the uses of rare earths, and where you think it's going? Tracy A. Moore: We're in the rare earth business, and obviously we're in the business because we believe in the future. With increasing numbers of technologies that utilize and benefit from rare earths, we see the number of applications increasing and also the unit numbers of each application increasing. We believe that there is a good demand going forward for the rare earth elements. Additionally, we believe we can capture a share of the existing market and a good amount of the future growth. There are many international businesses and national governments looking for alternate supply. They are extremely concerned about whether the supply of rare earth will be continuously and reliably available to them from current sources. They see strategic vulnerabilities, arising from possible adverse foreign actions, pandemics, global tensions, natural disasters and other events that could disrupt the access and distribution of these critical elements. We are positioning to provide an alternative and alleviate some of the uncertainty. While we see good amount of demand today and an increasing amount of demand going-forward, we're solidly of the view that the secure, reliable and transparent supply we are building will help accelerate demand at an even faster rate. Rare earths have many significant benefits that are applicable to an extremely broad range of applications. Our supply will help relieve some of this global angst regarding tenuous supply. From our perspective, we see demand increasing at an accelerating rate with security of supply. That looks promising to us.