1 00:00:00,000 --> 00:00:29,980 Getting other things done, business walks. Yeah, I mean, I think with the examples I've heard today, there are probably at least five companies here in the state that would kind of, you know, call it by products of their, you know, what they have, they can ship it to a facility like this. Yeah. And actually get the processing done. So, so the need there, I think we've got to work to do on the engineering. And the economics and then decide how 2 00:00:29,980 --> 00:00:34,300 how and what type of capital would be invested. 3 00:00:34,660 --> 00:00:37,000 What we heard from the Office of Security Capital is, 4 00:00:37,140 --> 00:00:38,460 we love doing ventures, 5 00:00:38,680 --> 00:00:40,220 so we've looked at some money into this. 6 00:00:40,500 --> 00:00:44,740 We'd like industry to have some skin in the game and, of course, 7 00:00:44,940 --> 00:00:46,920 and say it would be great if the state did some. 8 00:00:47,500 --> 00:00:52,300 So the more to do conceptually on the financing, 9 00:00:53,880 --> 00:00:56,440 and then they kind of gave us the bar of what they wanted 10 00:00:56,440 --> 00:01:00,920 of the sea, technically, before we advance it. 11 00:01:00,920 --> 00:01:03,280 So, you know, you know, I thought this was presently 12 00:01:03,280 --> 00:01:05,480 in the way we got to have industry, 13 00:01:05,680 --> 00:01:07,260 like identifying the industry partners 14 00:01:07,260 --> 00:01:09,800 and making sure you have those people as you go in, 15 00:01:10,280 --> 00:01:11,440 there's no other way to do it, right? 16 00:01:11,580 --> 00:01:15,060 So I guess what I would sort of Brian is, 17 00:01:15,380 --> 00:01:20,520 do you feel like, could you, do we have those industry partners 18 00:01:20,520 --> 00:01:22,800 ready to sort of say, this is how we would structure it 19 00:01:22,800 --> 00:01:25,280 or do we need to come up with this structure first 20 00:01:25,280 --> 00:01:30,680 and then go to an industry of where is that chicken and the egg from your industry perspective? 21 00:01:31,700 --> 00:01:39,080 Yeah, I think that you know one of the challenges we have on this is you know most of the industry 22 00:01:39,080 --> 00:01:44,000 partners that are you know pursuing critical mineral projects I mean they are very narrowly tailored 23 00:01:44,000 --> 00:01:49,020 and there is definitely a gap especially on the processing side as Mick talked about 24 00:01:49,800 --> 00:01:54,180 so I think that there's definitely industry partners that would be very willing to raise their 25 00:01:54,180 --> 00:01:59,320 hand and say, yes, if this type of facility existed or these types of services existed, 26 00:01:59,500 --> 00:02:06,240 we would utilize them, and we would be part of essentially the customer base for a facility 27 00:02:06,240 --> 00:02:06,960 like that. 28 00:02:07,740 --> 00:02:13,680 And I think that two of some of the larger companies you could potentially get interest 29 00:02:13,680 --> 00:02:20,220 in participating financially, or we've talked about potential land or equipment donations, 30 00:02:20,380 --> 00:02:21,280 things of that nature. 31 00:02:21,740 --> 00:02:27,040 I think that a lot of that does depend on, you know, what that structure ultimately looks like. 32 00:02:28,120 --> 00:02:34,980 And, you know, if we can put together a structure that, you know, is going to provide needed services 33 00:02:34,980 --> 00:02:43,700 and, you know, but also some protection where it's not, you know, one kind of where it's, again, a collective effort 34 00:02:43,700 --> 00:02:47,600 where you've got the, you know, the state and industry and academia and everybody working together 35 00:02:47,600 --> 00:02:51,740 if there's federal support, I think that that's going to bring a lot more people to the table. 36 00:02:51,980 --> 00:02:55,060 And so, I mean, as you said, I mean, it is sort of a chicken and egg issue. 37 00:02:55,180 --> 00:02:59,320 But I think that if we're able to put some, you know, structure around it, 38 00:02:59,340 --> 00:03:05,400 at least, you know, as a proposal, and then that obviously can be refined as you get concrete 39 00:03:05,400 --> 00:03:11,020 commitments from companies that do want to participate, you know, that would be a good way to proceed, 40 00:03:11,020 --> 00:03:16,860 and you know, could put us in, and it could be able to go back to, you know, the officer's 41 00:03:16,860 --> 00:03:23,100 strategic capital or other federal partners to try and, you know, get partnership on that side as well. 42 00:03:23,800 --> 00:03:28,420 I mean, that the federal investment, if, you know, there is a federal investment and with a state investment 43 00:03:28,420 --> 00:03:33,400 another, I mean, that's going to bring in private capital because, I mean, that's what we've seen in a lot of these 44 00:03:34,080 --> 00:03:39,380 critical mineral investments that OSC has already made. You know, they make a small investment 45 00:03:39,380 --> 00:03:43,580 and then that brings a bunch of further investment in the capital markets. 46 00:03:44,240 --> 00:03:47,920 Sure. I mean, and at the risk of sounding always like a broken record, I look at the success 47 00:03:47,920 --> 00:03:55,280 we've had at the San Rafael Lab. And, you know, we have one very, very successful project there 48 00:03:55,280 --> 00:04:01,140 that has spurred interest for many others where if we were to take every single one of those projects, 49 00:04:01,140 --> 00:04:08,500 we are over our capacity without even linking. But that investment was a big investment on the state 50 00:04:08,500 --> 00:04:13,660 right? We spent a lot of money to make sure that we had the land and we spent my infrastructure 51 00:04:14,060 --> 00:04:19,260 and as we look at what potential expansion of that will look like, it's not, it is, it's really 52 00:04:19,260 --> 00:04:22,640 expensive because if we're going to build something like this, we're going to have to provide the land 53 00:04:22,640 --> 00:04:28,620 and have to provide the infrastructure. It's not, you know, and that's where I think, you know, donations 54 00:04:28,620 --> 00:04:34,440 can potentially be good, but I think, I think as we think about the structure, I think it just goes 55 00:04:34,440 --> 00:04:42,120 back to, you know, what is it that they require at the strategic capital office and does that fit 56 00:04:42,120 --> 00:04:47,540 with the model that we have envisioned and if it doesn't, you know, and I'll be the first to say, 57 00:04:47,860 --> 00:04:51,600 I don't, I don't know. Well you're asking the right question. I think that's the same way 58 00:04:51,600 --> 00:04:55,940 I've been debating. Did saying, okay, we need to have a broader discussion about is that, 59 00:04:55,940 --> 00:05:00,280 That's that into the framework that the state is looking at. 60 00:05:01,200 --> 00:05:03,460 So is that according to Emmy? 61 00:05:04,260 --> 00:05:06,940 I mean, so we've got first down. 62 00:05:07,380 --> 00:05:08,260 I would get a survey. 63 00:05:08,580 --> 00:05:09,540 You can connect with the office. 64 00:05:10,000 --> 00:05:12,020 What's next out of this council? 65 00:05:14,460 --> 00:05:24,840 Yeah, you know, our takeaways yesterday were that we should probably pursue, probably 66 00:05:24,840 --> 00:05:31,420 two to three financial structure options that might work and then have this council 67 00:05:31,420 --> 00:05:40,040 faith. And we can get those back to you relatively quickly. And I think that's probably decision 68 00:05:40,040 --> 00:05:40,400 one. 69 00:05:42,560 --> 00:05:48,160 There's a second decision that we ought to make and it's around, you know, what that 70 00:05:48,160 --> 00:05:53,120 facility looks like and whether we ought to do some initial feasibility, just with some 71 00:05:53,120 --> 00:05:57,520 engineering firm, SPRIC prize, am I remembering kind of our list, right? 72 00:05:58,140 --> 00:05:58,980 Yeah, that's correct. 73 00:06:00,020 --> 00:06:00,160 Yeah. 74 00:06:01,160 --> 00:06:06,380 And I think what we may want to do in the council is say, it's part of that 10 million. 75 00:06:07,160 --> 00:06:08,680 So let's make this decision to us. 76 00:06:08,840 --> 00:06:11,600 And then it's part of that 10 million to be allocated a little bit. 77 00:06:11,740 --> 00:06:15,960 I think there are three places we could go, again, because of the feasibility dollars. 78 00:06:16,480 --> 00:06:20,540 It's going to be part of the higher ed research fund, right? 79 00:06:20,540 --> 00:06:21,900 that we could apply for a grant there. 80 00:06:22,700 --> 00:06:25,060 We could allocate a little bit here, 81 00:06:25,560 --> 00:06:27,440 and there's just this feasibility study 82 00:06:27,440 --> 00:06:28,700 that would need to be done. 83 00:06:29,560 --> 00:06:32,140 Then we will have, I think my next week, 84 00:06:33,540 --> 00:06:37,020 some rough estimates of what initial trance might look like 85 00:06:37,020 --> 00:06:39,160 to do that engineering feasibility. 86 00:06:41,300 --> 00:06:44,740 It's, and I think maybe it's just the way my brain works 87 00:06:44,740 --> 00:06:47,980 says, do we, we can make the argument 88 00:06:47,980 --> 00:06:52,300 that if we make a facility that will allow for different types of processing to be able 89 00:06:52,300 --> 00:06:57,300 to be fed up and commercialized, that the speedy projects that they're looking for from 90 00:06:57,300 --> 00:07:01,660 a long-term defense perspective will actually be facilitated if there's a way to, because 91 00:07:01,660 --> 00:07:03,760 right now there's just no way to be risked otherwise, right? 92 00:07:04,120 --> 00:07:08,740 So I can see that there's a really good argument if they're open to it, which is a... 93 00:07:08,740 --> 00:07:09,440 Wait, they were. 94 00:07:09,700 --> 00:07:09,960 They were. 95 00:07:10,140 --> 00:07:10,380 Okay. 96 00:07:10,440 --> 00:07:11,400 There's not a question, right? 97 00:07:11,540 --> 00:07:14,060 And then so then it kind of spoils down to it. 98 00:07:15,080 --> 00:07:15,480 Yeah. 99 00:07:15,600 --> 00:07:16,360 Do it fast. 100 00:07:16,360 --> 00:07:23,180 And I would say to you that in the, again, my program record experience is if we have potential 101 00:07:23,180 --> 00:07:27,440 industry partners that we can go to them and say, I mean, for us to do the engineering 102 00:07:27,440 --> 00:07:32,140 is great, but it's a lot better to say, what engineering do you need and then helping 103 00:07:32,140 --> 00:07:32,460 me? 104 00:07:33,220 --> 00:07:36,720 You know, because if it likes, I'll use just a crane as an example. 105 00:07:36,880 --> 00:07:41,480 If company A needs a crane and once they're done, somebody else is going to be a crane. 106 00:07:42,120 --> 00:07:45,740 So it's not that the engineering is wasted, but we have to reconfigure depending on who's 107 00:07:45,740 --> 00:07:46,900 in the space in a given moment. 108 00:07:47,840 --> 00:07:53,160 So how much do we need to cater to the broader good, 109 00:07:53,380 --> 00:07:55,340 as opposed to just finding people who need something 110 00:07:55,340 --> 00:07:57,120 that we can cater to in the near term, 111 00:07:57,580 --> 00:07:58,240 and get out the door? 112 00:07:58,420 --> 00:07:58,780 I mean, is that? 113 00:07:59,260 --> 00:08:01,220 Yeah, and now I think you're thinking about it, right? 114 00:08:03,220 --> 00:08:08,000 So the full facility is half billion dollar, right? 115 00:08:08,220 --> 00:08:09,740 But that's probably an overbuilt facility. 116 00:08:10,080 --> 00:08:12,000 Your point, you say, all right, 117 00:08:12,000 --> 00:08:18,040 What are the first four to five customers that scales backwards, right? 118 00:08:18,320 --> 00:08:20,340 It doesn't cost nearly as much. 119 00:08:21,480 --> 00:08:26,360 The trade-off is, if you do end up building the whole thing, and cost you more than, you know, 120 00:08:26,440 --> 00:08:31,260 would have a few more offer. But I think that's probably the right way to think about it. 121 00:08:31,340 --> 00:08:38,760 It is focused on near-term solutions, see what that facility would be needed, right? 122 00:08:38,760 --> 00:08:44,640 talk to take that feedback and you have how would we solve that problem and see what see where it goes from there. 123 00:08:44,880 --> 00:08:59,620 Yeah, so you guys folks who are actually producing their extracting better sending at other places for processing that are in need of, 124 00:08:59,920 --> 00:09:05,220 I mean just we've already extracting that that's one of the costs. 125 00:09:06,020 --> 00:09:15,860 The big example is white Mesa that was exporting semi-refined or custodian processing and then bringing it back in. 126 00:09:16,440 --> 00:09:21,680 And then now there's like a place in North Carolina or something like if they shortened it a little bit. 127 00:09:23,120 --> 00:09:26,200 And that's just part of growth, right? 128 00:09:26,480 --> 00:09:34,960 I mean, because they need the infrastructure and this additional stream that they're building will help a lot of that. 129 00:09:34,960 --> 00:09:37,320 And this is just part of growth, right? 130 00:09:37,520 --> 00:09:38,360 This is just part of growth. 131 00:09:38,440 --> 00:09:42,420 But starting with people who are producing here, 132 00:09:42,820 --> 00:09:45,260 you know, that are having to go someplace else, 133 00:09:45,420 --> 00:09:47,900 that we could then start to help the customer. 134 00:09:47,900 --> 00:09:48,040 Yeah. 135 00:09:49,400 --> 00:09:51,160 That makes us faster. 136 00:09:51,700 --> 00:09:54,160 It makes us, I think part of the challenge 137 00:09:54,160 --> 00:09:55,260 that we're gonna have to work through 138 00:09:55,260 --> 00:09:58,560 is that we're gonna have folks that do send out 139 00:09:58,560 --> 00:10:00,500 to have their self-process. 140 00:10:01,460 --> 00:10:03,280 Is it a better investment for the state 141 00:10:03,280 --> 00:10:09,140 to find a place where there's not a current processing option that is working in a market 142 00:10:09,140 --> 00:10:13,180 space and make it happen here because it didn't create a market, it was part of the 143 00:10:13,180 --> 00:10:19,760 stash of it. As you look at just mineral production around the world, I've shared this before, 144 00:10:19,980 --> 00:10:23,420 being in Peru where they're mining copper and they're making capos and then they're sending 145 00:10:23,420 --> 00:10:29,900 into Germany. That works in the market. If we're going to start something here and make a big investment, 146 00:10:29,900 --> 00:10:31,580 And if there's something that's already working in the market, 147 00:10:32,000 --> 00:10:35,200 we might be better served to find a place 148 00:10:35,200 --> 00:10:36,600 to make something marketable here, 149 00:10:36,800 --> 00:10:39,040 rather than replacing a market activity. 150 00:10:39,640 --> 00:10:41,380 And I mean, it may not be the right answer, 151 00:10:41,580 --> 00:10:44,440 but I think we need to sort of look broadly at, 152 00:10:44,760 --> 00:10:47,640 is there a way to what is going to be 153 00:10:47,640 --> 00:10:49,040 the most near-term success? 154 00:10:49,220 --> 00:10:51,360 Because if we're trying to get minerals that we are 155 00:10:51,360 --> 00:10:54,600 prevented from getting because of strongholds overseas, 156 00:10:55,020 --> 00:10:58,700 as opposed to we're trying to pull business from somewhere else. 157 00:10:58,700 --> 00:11:05,320 think it just depends on. It's easy for me, I just think we ought to be thinking strategically 158 00:11:05,320 --> 00:11:13,160 about this. And whether it's what takes us from here to here faster, it gives us a base 159 00:11:13,160 --> 00:11:22,420 that then to grow it. And I, you know, that's just the opportunity that's out there for money 160 00:11:22,420 --> 00:11:26,980 and that's what drives it, or is it something else? 161 00:11:27,440 --> 00:11:29,420 And I don't know the answer to that question, 162 00:11:29,680 --> 00:11:32,880 but it would be helpful to have a- 163 00:11:32,880 --> 00:11:34,680 What you're saying is actually courted 164 00:11:34,680 --> 00:11:35,740 as council senator. 165 00:11:36,680 --> 00:11:39,520 I mean, really, you know, instead building it up 166 00:11:39,520 --> 00:11:41,860 and creating the market and building the need 167 00:11:41,860 --> 00:11:43,200 so that Utah is- 168 00:11:43,200 --> 00:11:44,820 And you have to have a strategy 169 00:11:44,820 --> 00:11:46,520 to plan it around that. 170 00:11:46,780 --> 00:11:50,160 So I'll offer two things we've heard yesterday 171 00:11:50,160 --> 00:11:56,180 they and Brian, you know, I think investments that are being made now are certainly being 172 00:11:56,180 --> 00:12:04,420 made in very traditional technologies. And we do know that China owns economies of scale 173 00:12:04,420 --> 00:12:11,060 there. Right. And so I think one of the 50s that goes here, if it was here and you may be 174 00:12:11,060 --> 00:12:17,000 stealing market in the short term, if we invest right, we are actually going to invest in 175 00:12:17,000 --> 00:12:23,060 new technologies that lower cost of reduction. That's what we are not seeing. That clearly 176 00:12:23,060 --> 00:12:30,600 is a longer term play that this mind center could do that. I think the second thing, you 177 00:12:30,600 --> 00:12:37,900 know, we see how do we play to that? Yeah. That's longer term and how do we get as 178 00:12:37,900 --> 00:12:45,160 well? Yeah. I mean, I think that's the I think that's the trick. In my mind, it would 179 00:12:45,160 --> 00:12:51,340 be probably making the argument that we can process or at least develop some of these 180 00:12:51,340 --> 00:12:56,440 new sites here in the state with this capacity. 181 00:12:56,820 --> 00:13:01,740 So, you know, we've talked to Ionic, they're not going to process their river immediately. 182 00:13:02,440 --> 00:13:05,280 They would bring it to this plan. 183 00:13:05,860 --> 00:13:09,500 I think there's got to be a short-term, geez, we're going to open up some new sites here 184 00:13:09,500 --> 00:13:10,000 in the state. 185 00:13:10,000 --> 00:13:16,100 And then the longer-term play is the technology, kind of artificial intelligence, a mine optimization 186 00:13:16,100 --> 00:13:16,660 play. 187 00:13:17,800 --> 00:13:26,960 I mean, what's attractive to, you know, being around Salt Lake City is, you've heard 188 00:13:26,960 --> 00:13:34,800 it has been, you know, the talent, you know, acquiring talent is hard in rural communities. 189 00:13:34,800 --> 00:13:41,280 And there's there's a double-end sort here. We do want to develop rural communities at the same time 190 00:13:41,280 --> 00:13:47,920 The technology development and talent is tough to do at the other side of that the people who are working in these world 191 00:13:47,920 --> 00:13:48,780 areas 192 00:13:49,340 --> 00:13:54,860 Really enjoy how far their dollar goes on a hundred thousand dollar your salary in San Juan County 193 00:13:54,860 --> 00:14:00,100 Right, I mean there's they live a life we can't here because of the cost of getting down 194 00:14:00,100 --> 00:14:06,880 Yeah, so that's a positive and I mean and it would just been season to the flip side of you get more people down there 195 00:14:06,880 --> 00:14:12,500 You need more housing and it and then this is something we see across all across all the energy and mineral space 196 00:14:12,500 --> 00:14:16,280 And if you go that they will come which has which is great 197 00:14:17,080 --> 00:14:20,400 Which brings a zone challenges that people would rather solve up front 198 00:14:20,400 --> 00:14:24,380 Which you can't solve it up front because you don't know if people are going to come and so we're really dealing with that 199 00:14:24,380 --> 00:14:26,900 I think across the state of how do we and 200 00:14:26,900 --> 00:14:31,040 And there are other parts of the government that are working on this, but how do you make 201 00:14:31,040 --> 00:14:35,760 sure that you're reasonably planning for growth in a way that facilitates development and 202 00:14:35,760 --> 00:14:40,660 doesn't strangle whole communities with, you know, so, and I think too that when we start 203 00:14:40,660 --> 00:14:45,620 getting into the innovative stuff, using, I got Mary on a mental as an example, the things 204 00:14:45,620 --> 00:14:49,740 that they're doing to try to get people to be, to be on site, the way that they're cycling 205 00:14:49,740 --> 00:14:54,240 people through and, you know, and I know even Valor is looking at, you know, how can we 206 00:14:54,240 --> 00:14:58,060 work with housing, so I think if you have good companies that are working with you, we can 207 00:14:58,060 --> 00:14:59,640 solve for some of those things. 208 00:15:00,000 --> 00:15:12,580 It would work together, but it's still a pretty tremendous challenge. But the innovation, I think, is where that's where we can create the market here that makes more sense rather than what we put it in. 209 00:15:12,580 --> 00:15:17,540 Yeah, getting things lower costs, being able to look forward for our excavating 210 00:15:19,280 --> 00:15:25,500 gaps, and then we're getting lower costs, solutions, and that just moves us faster. 211 00:15:26,420 --> 00:15:30,620 Then we can start to think about how do we, how do we support these communities? 212 00:15:31,080 --> 00:15:38,440 That is kind of off to the side, but we went out to cover those visits to a couple of potential 213 00:15:38,440 --> 00:15:44,240 of spaceport sites. And the interesting part is people that want to, many people in 214 00:15:44,240 --> 00:15:50,800 Muskegee say, they want some growth, they want some economic peace, but that's kind 215 00:15:50,800 --> 00:15:56,980 of okay. Part of it comes here and part of it comes to larger populations in it, which 216 00:15:56,980 --> 00:16:06,920 I think makes you think about this differently. And for them, that's like, that's okay. So 217 00:16:06,920 --> 00:16:12,860 So I just think there are ways to, what's the say how to be able to do is to build a more 218 00:16:14,480 --> 00:16:19,840 complete approach to this, a more of an ecosystem approach versus just, we're trying to do 219 00:16:19,840 --> 00:16:20,020 that. 220 00:16:21,880 --> 00:16:26,100 I have a comment or suggestion, recognizing I'm not a member of the council, so I want to 221 00:16:26,640 --> 00:16:26,900 come here. 222 00:16:27,060 --> 00:16:27,480 I'm all done. 223 00:16:27,700 --> 00:16:27,800 Go ahead. 224 00:16:28,000 --> 00:16:28,660 Okay, I'll make that. 225 00:16:29,940 --> 00:16:32,820 But I want to move this space forward for a little bit, you know, Senator Miller knows 226 00:16:32,820 --> 00:16:38,300 as well, but the space for exploration committee is not industry, and they don't know what the 227 00:16:38,300 --> 00:16:38,920 industry wants. 228 00:16:39,260 --> 00:16:42,500 So what they're doing is they're going up to the market and they're saying, hey market, 229 00:16:43,340 --> 00:16:46,460 if we build a space for the talk, would you actually use it? 230 00:16:46,700 --> 00:16:47,560 What would you use it for? 231 00:16:47,720 --> 00:16:48,860 Do you want to use it for launches? 232 00:16:49,100 --> 00:16:50,040 Do you want testing? 233 00:16:50,280 --> 00:16:52,420 Do you want to use it for other related activities? 234 00:16:53,100 --> 00:17:00,200 And that way they can design their recommendations and their future steps, based on what demand 235 00:17:00,200 --> 00:17:01,900 signals that we're seeing won't mark it, right? 236 00:17:01,900 --> 00:17:04,860 I think there's some lessons to be learned there. 237 00:17:05,020 --> 00:17:10,400 The people in this room, we're all mostly government people here, and you don't really know what the market is. 238 00:17:10,420 --> 00:17:18,220 That's why I think they go so instructive for you to suggest to the beginning to go out to the market and just see what they want, right? 239 00:17:18,680 --> 00:17:20,380 That was really great, a good set. 240 00:17:20,740 --> 00:17:31,280 And I think that we should, rather I would recommend probably that this group has the connections within that market to find out what they could use in mindset or forward, 241 00:17:31,280 --> 00:17:33,280 and what the best business case is for. 242 00:17:34,240 --> 00:17:37,060 And I think maybe the people in this room 243 00:17:37,060 --> 00:17:39,400 could go out and talk with their people and come back 244 00:17:39,960 --> 00:17:42,900 with the top two or three use cases 245 00:17:42,900 --> 00:17:44,620 that they think might be most successful. 246 00:17:45,340 --> 00:17:48,120 And based on that, we can build that into an engineering set. 247 00:17:49,220 --> 00:17:49,440 Together. 248 00:17:49,900 --> 00:17:52,900 Oh my, by the way, I don't know if we could do that. 249 00:17:53,020 --> 00:17:54,120 I think we'd hire a firm. 250 00:17:54,400 --> 00:17:55,360 Right, that would get blue. 251 00:17:55,360 --> 00:17:57,140 That would be some sort of validate. 252 00:17:57,680 --> 00:17:59,540 Right, and I would say one of the challenges though 253 00:17:59,540 --> 00:18:06,620 is that as we look and hold industry because of the very need and because I think when you start, 254 00:18:06,980 --> 00:18:10,720 I mean a space port maybe I'm wrong but like if I have a rocket there's only so many places 255 00:18:10,720 --> 00:18:15,520 I can go launch it and a launching you're going to have shared services and I don't know if there's 256 00:18:15,520 --> 00:18:21,280 going to be greater shared services and if you need a processing circuit is just for any type of 257 00:18:21,280 --> 00:18:26,420 minerals it's going to be so different that the shared ecosystem is a little bit trickier to build on 258 00:18:26,420 --> 00:18:29,760 right. So one of the challenges I think we've had, and I'm talking to my mom, it says we've 259 00:18:29,760 --> 00:18:33,900 surveyed industry, we said we want to build this mind center, we want to be helpful, and they've 260 00:18:33,900 --> 00:18:40,140 given us not very much to say we have a bunch of commonality that we can easily identify how to do it. 261 00:18:40,220 --> 00:18:45,360 Is that a fair way to transform it? Yeah, that's accurate, you know, so with, let's say, 262 00:18:45,560 --> 00:18:53,480 12 things, 12 core concepts that get back, really half of them fit into a mind center, okay? 263 00:18:54,040 --> 00:18:57,140 Well, it was a very open-ended survey, right? 264 00:18:57,240 --> 00:19:01,060 We wanted that feedback that we already have a lot of stuff to meet these needs, but 265 00:19:01,060 --> 00:19:07,680 if there were four or five things that they said that a mine center could do, that's a good 266 00:19:08,200 --> 00:19:09,100 amount of momentum. 267 00:19:09,640 --> 00:19:10,460 I tried to agree with you. 268 00:19:10,580 --> 00:19:10,740 Did I? 269 00:19:11,200 --> 00:19:17,500 No, I mean, I don't always like when people disagree with me because I'm not right all the time. 270 00:19:18,080 --> 00:19:22,180 But I just think that maybe we need to be more appreciative in what we are asking people 271 00:19:22,180 --> 00:19:26,500 to, perhaps, to say we want to build additional, like we want to build a place for you to 272 00:19:26,500 --> 00:19:31,940 come build these things. I mean, I think it's, as we look, we're not getting very feedback 273 00:19:31,940 --> 00:19:35,640 that it's super consistent that we can say this is really easy. I think it's your point 274 00:19:35,640 --> 00:19:39,540 going to the Department of War, what they want. We need to make the decision about the 275 00:19:39,540 --> 00:19:42,960 structure and then go to industry and say here's the structure we're looking at. How do 276 00:19:42,960 --> 00:19:47,260 we do this? I'm not even interested because what I don't want to do is try to come up with 277 00:19:47,260 --> 00:19:50,860 some tortured thing that just doesn't work, right? 278 00:19:51,040 --> 00:19:52,800 I mean, we don't need it so bad 279 00:19:53,220 --> 00:19:54,520 that we should do it poorly 280 00:19:54,520 --> 00:19:55,840 and then have it not be successful. 281 00:19:56,280 --> 00:19:57,440 We need something that's successful 282 00:19:57,440 --> 00:19:58,820 that draws and brings in business 283 00:19:58,820 --> 00:19:59,980 and actually solves the problem. 284 00:20:00,340 --> 00:20:02,320 So that's why I think it's a little bit tricky 285 00:20:02,320 --> 00:20:04,600 is that industry, when you say, 286 00:20:04,840 --> 00:20:05,980 what are your big needs 287 00:20:05,980 --> 00:20:08,580 and what is your barrier to development 288 00:20:08,580 --> 00:20:11,760 and they're like, oh, roads, railways, schools, 289 00:20:12,180 --> 00:20:14,400 and those are all absolutely things that are important. 290 00:20:14,840 --> 00:20:16,560 But we just need to take those off the table 291 00:20:16,560 --> 00:20:19,640 those things that we're going to do. I'm talking about like that's a whole 292 00:20:19,640 --> 00:20:22,940 different problem that we're going to need to solve in different ways, but 293 00:20:22,940 --> 00:20:26,740 like we're going to build a facility. What is it that you want to see in that 294 00:20:26,740 --> 00:20:31,960 right? I mean so part of and I forgot about this. So part of part of my request 295 00:20:31,960 --> 00:20:37,480 Dan and OGM is really take these things. In the report that we give you all give 296 00:20:37,480 --> 00:20:42,760 this counsel and that's let's say six seven days. It's going to offer 297 00:20:42,760 --> 00:20:46,600 for recommendations that the Mind Center can consider. 298 00:20:47,100 --> 00:20:49,420 It's also the way to highlight current programs 299 00:20:49,420 --> 00:20:53,020 in the state that are designed to help build rail, right? 300 00:20:53,740 --> 00:20:55,880 So there's a lot of what they've asked for. 301 00:20:55,980 --> 00:20:58,240 We already have mechanisms in the state 302 00:20:58,240 --> 00:20:59,500 to some degree of success. 303 00:21:00,080 --> 00:21:00,880 Let's move in that ball. 304 00:21:02,400 --> 00:21:03,580 And I'll have that ready. 305 00:21:03,760 --> 00:21:04,820 We'll have that ready for you. 306 00:21:05,580 --> 00:21:07,360 I'm just getting to excited before I think. 307 00:21:07,460 --> 00:21:08,020 Oh, I'm not yet. 308 00:21:08,200 --> 00:21:09,440 We just need to come into my morning. 309 00:21:09,620 --> 00:21:10,400 What the heck? 310 00:21:10,480 --> 00:21:10,760 Anyway. 311 00:21:10,760 --> 00:21:15,060 Okay, so we can move on from that, but we will obviously continue to work through that. 312 00:21:15,520 --> 00:21:18,260 Maybe we can go ahead and turn to you for the Atlas update as well. 313 00:21:18,480 --> 00:21:22,420 Yeah, I would call it, I recognize the time, and I think we can summarize the critical 314 00:21:22,420 --> 00:21:23,020 matter of Atlas. 315 00:21:23,740 --> 00:21:30,720 We have been working with the Utah GS Facial Research Center to develop a website, sort 316 00:21:30,720 --> 00:21:35,040 of base one, where at least if an operator could come, or anyone, to stay colder can come 317 00:21:35,480 --> 00:21:40,400 and find everything they're looking for, whether it's Utah Geological Survey data, 318 00:21:40,400 --> 00:21:46,420 right away our transmission sites where is the rail right what are the water 319 00:21:46,420 --> 00:21:50,460 rights all of that stuff exists around the state in various geospatial 320 00:21:50,460 --> 00:21:56,280 platforms it's already there and the UGRC is agreed to build out a website 321 00:21:57,040 --> 00:22:01,580 that is a one-stop shop for all of that and that was one that was the first phase 322 00:22:01,580 --> 00:22:06,640 of the critical of the of the NIRL Atlas on the flip side they gave us a very 323 00:22:06,640 --> 00:22:12,840 robust estimate of what it would cost. And so we are considering working with Utah Geological 324 00:22:12,840 --> 00:22:19,660 Survey to do it for a little bit less money, right? But we plan to have something there by 325 00:22:19,660 --> 00:22:23,880 the next meeting, probably by the end of September, where we can come back and say, this is the website, 326 00:22:24,400 --> 00:22:28,140 maybe it's only in a sandbox at this point, but it's something we go in to move around. 327 00:22:30,200 --> 00:22:31,500 That's where we are. Thank you. 328 00:22:32,080 --> 00:22:34,300 Any questions on that? That's great. 329 00:22:35,160 --> 00:22:41,700 All right. Then we will go ahead and turn it over to Brian if you want to talk about any other critical minerals project. 330 00:22:43,220 --> 00:22:45,780 Yeah. I actually do have a presentation. 331 00:22:46,120 --> 00:22:48,280 Did you figure out how to cast there? 332 00:22:48,860 --> 00:22:49,560 Yeah. You're good. 333 00:22:49,900 --> 00:22:53,200 Okay. You see if I can actually do this. 334 00:23:06,780 --> 00:23:09,260 That's showing up. 335 00:23:11,760 --> 00:23:13,700 Can you guys see that? 336 00:23:14,480 --> 00:23:15,160 We can. 337 00:23:15,920 --> 00:23:16,160 Okay. 338 00:23:19,740 --> 00:23:25,260 I think we can make it all right. 339 00:23:25,420 --> 00:23:26,980 Okay, I'm just it's okay. 340 00:23:26,980 --> 00:23:31,580 There's not a lot. I don't I don't have any fancy stuff like jcads, so I'm just going to go through 341 00:23:31,580 --> 00:23:36,580 really quickly and just talk about sort of the the state of play right now with critical minerals. 342 00:23:37,920 --> 00:23:42,620 So just just to give you guys a sense, this is what we're currently producing here in the state 343 00:23:42,620 --> 00:23:48,920 like actively right now. So we're producing 11 critical minerals here in the state, which is it's 344 00:23:48,920 --> 00:23:55,020 great. A lot of these are coming out of you know out of operations where again they've got 345 00:23:55,020 --> 00:23:58,500 you know, multiple critical minerals coming out of the same operation. 346 00:23:59,340 --> 00:24:03,180 So this is something that, you know, we're excited about and that we want to build upon. 347 00:24:03,900 --> 00:24:06,340 Where we have what I call installed capacity. 348 00:24:07,040 --> 00:24:12,320 These are critical minerals that we have the facilities. They're just not currently operating for one reason or another. 349 00:24:13,620 --> 00:24:19,960 And, you know, some of this market issue, some of it is, you know, the facilities themselves or their operations are under question. 350 00:24:19,960 --> 00:24:22,920 but here we've got in cell capacity for lithium magnesium, 351 00:24:22,920 --> 00:24:24,740 radium, titanium, and vanadium. 352 00:24:25,360 --> 00:24:28,520 The lithium magnesium and titanium, we're all in the old 353 00:24:28,520 --> 00:24:32,860 US mag site that the state is working on getting up 354 00:24:32,860 --> 00:24:33,480 and running again. 355 00:24:33,620 --> 00:24:36,520 Renium is a rheotental canocon, and they could produce that 356 00:24:36,520 --> 00:24:38,140 again, and if they had a market for it and say 357 00:24:38,140 --> 00:24:41,780 with vanadium at energy fuels, those are just market issues. 358 00:24:42,920 --> 00:24:46,100 These are some of the minerals where we have no resources 359 00:24:46,100 --> 00:24:47,180 or historical production. 360 00:24:47,460 --> 00:24:49,700 So these are things that could be brought online very quickly 361 00:24:49,700 --> 00:24:54,700 because again we know we have these resources and you know again if there were investment 362 00:24:54,700 --> 00:24:58,900 in market we could bring a lot of these online quickly and then the thing that I want to 363 00:24:58,900 --> 00:25:03,940 spend most of the time talking about are just some of the projects that are currently in 364 00:25:03,940 --> 00:25:10,240 development in the state. So you know first of all with copper we've got you know two very 365 00:25:10,240 --> 00:25:14,680 significant expansions going on in our copper industry one is Maryana minerals that every reference 366 00:25:14,680 --> 00:25:20,000 before the others, Milford Mining, they're both in expansion mode and so we should see a lot 367 00:25:20,000 --> 00:25:25,660 more copper production coming online in the near future. On Germanic and Gallium, we really have, 368 00:25:25,860 --> 00:25:29,680 we have three different ways of producing in the state of producing Germanic and Gallium, 369 00:25:29,700 --> 00:25:34,900 but really only two of them are kind of inactive development right now. One is Germanic and Gallium 370 00:25:34,900 --> 00:25:40,640 at our Florespar mine, which is a byproduct of that Florespar mining operation. And then the other 371 00:25:40,640 --> 00:25:44,380 is a mine down in Washington County, which is actually primary source 372 00:25:44,380 --> 00:25:46,840 to remaining in Galilee, and it's under development right now. 373 00:25:47,400 --> 00:25:50,680 The floor spot we actually are producing now, and so that just barely came 374 00:25:50,680 --> 00:25:55,860 online. Antimony we talked about with American Tungsten and Antimony Company, 375 00:25:56,740 --> 00:26:03,080 which again is developing the Antimony mine in Antimony, Utah, and the Central 376 00:26:03,080 --> 00:26:07,640 Utah, and then also just announced an Antimony smelter that they intend to build 377 00:26:07,640 --> 00:26:13,160 in Cedar City. We talked about tungsten earlier. Again, a lot of claims out there in the West 378 00:26:13,160 --> 00:26:17,920 Desert and a facility in the West Desert to do initial processing of tungsten. And that would 379 00:26:17,920 --> 00:26:23,760 likely be paired with the refinery in Nevada. There are multiple uranium projects. We talked 380 00:26:23,760 --> 00:26:28,600 about the one with this technology. So that's, again, sort of, you know, on-site remediation and 381 00:26:28,600 --> 00:26:36,120 production of uranium. And then we also have lines from energy fuels, lines that, you know, 382 00:26:36,120 --> 00:26:40,100 have been in care and maintenance that are now producing again and then also a company 383 00:26:40,100 --> 00:26:46,220 called ISO Energy that is developing prospects here in Utah and also has announced that 384 00:26:46,220 --> 00:26:51,400 they want to potentially rehabilitate the shootering mill that's down close to Lake Powell. 385 00:26:52,140 --> 00:26:53,760 We have multiple lithium operations. 386 00:26:54,000 --> 00:26:58,280 We talked about water leaf a little bit, which is very exciting the support that they've 387 00:26:58,280 --> 00:26:58,640 gotten. 388 00:26:59,180 --> 00:27:05,460 We've also got a one lithium, which signed to deal with Pasco and South Korea, which is a major 389 00:27:05,460 --> 00:27:13,160 with them off-taker, and there may be opportunities for either off-take of lithium to their manufacturing 390 00:27:13,160 --> 00:27:17,400 facilities in South Korea, or actually building manufacturing facilities here in the US. 391 00:27:19,100 --> 00:27:24,260 Multiple potash plays, these are mostly brine potash plays in southeastern Utah, 392 00:27:25,500 --> 00:27:30,000 and companies that are sort of in various stages of exploration and development on that. 393 00:27:30,960 --> 00:27:35,460 Silverland Zinc. This is mostly in the and manganese. This is mostly in the 394 00:27:35,460 --> 00:27:39,520 Tintic District. So these are historic mining districts that we have three 395 00:27:39,520 --> 00:27:43,440 different companies that are in active exploration and development of those 396 00:27:43,440 --> 00:27:47,760 projects. And then also the the manganese. This is actually from a tailings 397 00:27:47,760 --> 00:27:52,560 facility in the Tintic District where you know we're basically just need a 398 00:27:52,560 --> 00:27:57,300 processing option for the manganese. So something that again something like a 399 00:27:57,300 --> 00:27:59,560 mine center could potentially help to fill that gap. 400 00:28:00,520 --> 00:28:03,720 And then the last thing is what we call our polymetallic deposit. 401 00:28:03,720 --> 00:28:08,640 This is ionic that we've talked about a little bit in this meeting where they have the opportunity 402 00:28:08,640 --> 00:28:14,640 to potentially produce a number of different critical minerals from their haloisite clay deposit 403 00:28:14,640 --> 00:28:20,920 there and targeting also the silica and aluminum production from that deposit. 404 00:28:21,500 --> 00:28:24,640 So you can see a lot of great activity that's happening in the state. 405 00:28:25,440 --> 00:28:31,600 In many cases, you know, these are things where, you know, we have established processes 406 00:28:31,600 --> 00:28:36,100 or facilities for some of these operations and a lot of things that, you know, we've 407 00:28:36,100 --> 00:28:40,400 done historically, and now we're coming back online, and in some cases, again, like with 408 00:28:40,400 --> 00:28:45,260 our, you know, our probably metallic deposit with ionic or the manganese or some of these 409 00:28:45,260 --> 00:28:50,480 others that would be beneficial to have more processing testing and scaling options. 410 00:28:51,500 --> 00:28:58,000 So that is my quick report on critical minerals, critical minerals here in the state. 411 00:28:58,260 --> 00:29:00,380 So any questions or comments on any of that? 412 00:29:01,800 --> 00:29:11,680 Ron, I'm actually curious, where is tutoring in the progress space? 413 00:29:11,680 --> 00:29:23,860 So they just barely announced that they were interested in rehabbing that operation, so they had a public announcement probably about two months ago. 414 00:29:24,620 --> 00:29:29,740 So it's still very much in kind of the development phase. 415 00:29:30,900 --> 00:29:33,520 But I mean, even to have that announcement was pretty significant. 416 00:29:33,860 --> 00:29:37,820 Even two or three years ago, we wouldn't have seen that on the uranium side. 417 00:29:37,820 --> 00:29:38,220 So. 418 00:29:40,680 --> 00:29:47,060 And like I said, the this is stuff is awesome. Yeah, yeah. And also what other thing to mention, 419 00:29:47,220 --> 00:29:54,240 this and ISO actually are in the process of doing it joint venture. And so they're actually sort of, 420 00:29:54,320 --> 00:29:59,140 you know, combining operations in certain parts of North America. So that's an exciting development as well. 421 00:30:00,000 --> 00:30:26,720 Fantastic. Great. Thank you, Brian. I appreciate that. We only have a few minutes left. Do we want to run into, go into close session to do our. So good to do that. If we're on timing. Yeah. Okay. Is there a motion to go into a closed session to have a discussion regarding additional members for the Utah Particle Minerals Council and to discuss their qualification, which is close under Utah Code 52420518. 422 00:30:32,540 --> 00:30:36,900 We're going to see if we'll call vote on that, Jake would you call a vote for me? 423 00:30:37,620 --> 00:30:38,240 Oh, yeah. 424 00:30:38,460 --> 00:30:39,180 Thank you. 425 00:30:40,180 --> 00:30:41,020 President Randall? 426 00:30:42,320 --> 00:30:42,740 Yes. 427 00:30:43,480 --> 00:30:44,180 I get it. 428 00:30:44,800 --> 00:30:45,080 Sorry. 429 00:30:45,760 --> 00:30:47,080 I know what I said in the list. 430 00:30:48,100 --> 00:30:48,720 Representative Sherwin. 431 00:30:51,260 --> 00:30:51,420 Yes. 432 00:30:51,420 --> 00:30:51,480 Yes. 433 00:30:52,060 --> 00:30:58,600 Chair Opsky, Director Thomas, Mr. Hart. 434 00:31:00,980 --> 00:31:01,940 Yes. 435 00:31:06,280 --> 00:31:07,780 Mr. Summers. 436 00:31:08,400 --> 00:31:08,580 Yes. 437 00:31:10,080 --> 00:31:10,740 Okay. 438 00:31:11,360 --> 00:31:19,060 Usually we would go into a separate room and everyone in the room and on the call is, 439 00:31:19,060 --> 00:31:24,260 member of the council or staff to members of the council so we can just go and then 440 00:31:24,920 --> 00:31:28,940 propose the recording and then we will start a new recording we can just go straight 441 00:31:29,660 --> 00:31:30,080 Thank you. 442 00:31:30,180 --> 00:31:31,000 Thank you. 443 00:31:31,360 --> 00:31:31,720 Thank you. 444 00:31:31,780 --> 00:31:31,920 Thank you.