Thanks everybody for coming here for the first kickoff at 8:00 A.M. Nice to see everybody. I joined as CEO a few months ago. As a 10-year microcap club guy, it's like finding those opportunities that are certainly outweighed on the upside. This is what drew me to this opportunity. I'm not a mining guy. I'm basically an investor. It's super exciting for me to be here today. If you look at First Canadian Graphite, we've got one of the highest grades of graphite. If you look at worldwide deposits in the world, we're one of the top 5% to 10%. We're in a great district. I'm not doing great here this morning. I'm still waking up. Sorry, guys. We got a great management team. My CFO is here this morning. We're putting together a great board. Actually, that'll come through in a few weeks here. Basically, we already have a resource, and basically want to take that 10x and then just go into production as soon as possible. We're starting our field work in the next few weeks. Again, if you look at our market cap, we've got basically a CAD 15 million market cap, and we've got a multi-billion CAD resource, I believe. A little bit of work to do between now and then. Big project, 167 square kilometers. All right. I guess when you look at the team now, we've got everybody we actually need to actually move forward and go into production. We've got a nice share structure, good shareholders and that type of thing. When you look at where we're at, we're in Quebec. We've got basically an infrastructure here. We've got the Baie-Comeau port there, so we can ship anywhere internationally. We've got year-round road access, and as well, basically, we can ship anywhere with rail as well. Then there's also the grid power there too. We're kind of in one of the best places to mine in the world, really. If you look here, we're in a good spot. We've got a lot of claims right around Nouveau Monde Graphite. They've got an NPV of CAD 3.6 billion just on that one Matawinie location there. We're. I don't know. That whole area there is hosting super high grade. It's a good spot to be. We were here actually last week. If you can see the outcrops there. It's super high grade, so it's a good spot there. Here's where it gets exciting for me, because basically we've got a resource on zone one, which is one of the smaller areas there. We've got multiple areas to actually go and discover multiple kilometers. We've got a chance to really increase this to probably over 100 million tons. I don't know if I can say that. Again, if we look here, we've got outcroppings at surface. Anyway. If we look at what we did this year, we've gone out and we've flown airborne EM. We've got a really strong EM anomalies. Then we're starting with our summer program here. If you don't understand graphite, this is the interesting part, is nobody really talks about it. The demand for graphite is basically 10 to one on the lithium side when you get into the batteries. If you go back to even. That we could benchmark, they talk about needing another 97 mines here. We talk about the graphite we've got. It's all jumbo and large flake. It's highest quality, highest grade. It really doesn't get better. I guess that's it here this morning. Sorry, I'm still waking up. Love to answer some questions if anybody had any. Can you go back to the picture of the outcrop? Can you share what makes you excited about that and what it all means? If you look here, we were just there a week ago, and basically I guess the best way to explain it is if we go back here. Graphite's an amazing conductor. When you shoot EM on it just lights up like a light bulb. What you've got here, this is 3.7 km, right? 3.6, right? 3.8 or whatever it is. They're super large, right? There's not really. Again, a forward-looking statement, right? We've got graphite, right? I don't know about how graphite mining compares to gold mining. What's the process like? Is it challenging? How do you separate it? Yeah. Actually, the nice thing about graphite, it's super simple. You just do a mill and a float, and you do a few of those. What I'd like to do is just create a concentrate. Basically, create a concentrate and then sell it to a processor, right? A lot of the other companies have done integrated, vertical production or they want to make anode material and things like that. I think we just want to make a concentrate and sell it to a processor, right? John, you showed this picture, and those loads look pretty far apart. I'm not quite sure what the scale is, but would you feel that would suggest that the need to build an infrastructure to get to those locations is pretty significant? You have to build roads, railroads, bring in equipment. You have to apparently drill or excavate to get there. You're going to end up having what appears to be a significant cost to just get things set up so that you can actually extract. What's your plan for developing this infrastructure? Do you do one at a time, or how do you go about making sure that laying your infrastructure down so that you maximize the return on that allocated capital for the return that you get out of any one of those? It's already set up, really. You've got road access all the way to the area. Rail lines or road access? Yeah, I'm not going to say that those are the exact roads, I was just here, right? You've got an area there where you can set up a camp. It's basically one hour each direction. I don't envision having multiple locations producing. I think we're going to find maybe it's zone 13, maybe it's zone four, whatever it's going to be. You just develop one. When you extract, you load it onto trucks or rail? It would be trucks. Trucks. Yeah. You've got basically a road straight to Baie-Comeau, right? You can ship internationally or go to rail, whatever you want to do there. Is the extraction material is it processed in situ or there has to be 100% cleanup? Where does it get processed, or how is it get processed if it needs to be? Yeah. Basically what I'd like to do is just create a concentrate, right? Just you mill it, you crush it, you come out with a 95%, 98% concentrate of graphite, right? Where are you going to mill it? On-site. There? Yeah. I think that whole upgrading process, doing all that is not what we want to do, right? I think it's just create the concentrate, ship it to the processors that are doing that thing. Where is the Nouveau Monde Graphite site on that map? All right. Nouveau Monde Graphite 's got their Matawinie projects right in the middle there. Right around us. Yeah. Is that their entire site? That's not where they're going to go into production. They're doing something closer to Montreal. John, what's the realistic timeline to first production? We'll see, right? Got to do a PEA and a feasibility study, but I don't know. I think we could get there in a few years, like three, four. Okay. Yeah. What milestone should investors be looking at next and when? Right now, we'll go into the field. We'll be doing some field work. We'll do some metallurgy that allows me to go and actually work on offtake agreements, that type of thing. Then we'll drill here in fall. Do you have this timeline mapped out on your site just so investors can watch? Yeah, I'm working on all that. Okay. Yeah. Just upgrading everything. It's been a little challenge here the last few months, so rebrand, all that good stuff. Yeah. Who buys the product? Who buys the concentrate product that you produce? Well, this is what interests me so much is basically there's no North American production of graphite, right? I've had meetings with Ford. Again, all forward-looking statements here. Nobody's creating graphite, right? I've got people that are asking for the U.S. government saying they'll help me. The Canadian government says they'll help me with the G7. Is it the Made in the USA or Buy American? Is that what's driving it right now? Well, I think when you look at it, China took the whole production of graphite and processing for the last 25 years. There's no production, right? Everybody just said, "Well, we'll ship it overseas," you realize, okay, well, we actually need to have our own supply. I don't know. For me, it's like, okay, if I can have the highest grade, low-cost production of a graphite concentrate, I don't see how that doesn't turn into something commercial. Forward-looking statement, clearly. Yeah. John, any good comps for how we can think about what the business may be worth after drilling results Q1? How do you guys look at that? Yeah. If you look at the numbers on it, right, we got a sub-CAD 20 million market cap. If we can prove up, let's say, 50 million tons at 17%, if you can get CAD 1,000 a ton for that, it gives you a bit of an idea there. Focus Graphite's trading around a CAD 40 million market cap. I think if you look at Nouveau Monde Graphite, they're around that billion-CAD market cap, CAD 800 million or something like that. I don't know. We're so small at this point, right? A lot of upside here for sure. The elephant in the room is how you guys can raise the money to do it all. Yeah, we've already got CAD three and a half million. The wonderful thing on this is the leverage on drilling for something like this is amazing, right? If you run the numbers on what Focus and Nouveau Monde Graphite did, 20,000 meters of drilling will get you basically to 50 million tons if you're hitting, right? If you do that, you're basically talking CAD 4 million-CAD 5 million. How much? CAD 4 million-CAD 5 million, right, of drilling, right? You've got, I don't know, a multibillion-dollar resource there. It's not like gold where you have to really do that 25-meter spacing, and it's not chasing the veins and things like that. It's all at surface. This is where it made a lot of sense to me because basically we can go spend CAD 4 million or CAD 5 million and prove up a billion-dollar resource and then make the next steps towards production there. Got it. Yeah, because I was looking at the numbers on what the latest, well, cash is CAD 0.29 million. You have CAD 3.5 million in the bank? Yeah. I don't think that number's right. Yeah, we've got CAD 3.5 million right now. There's no rush to raise capital. Yeah. The incentives too are incredible, right? If we actually spend hard dollars on drilling or exploration, we get back 45% from the government. Okay. We can also raise money through flow-through as well. Do you have to deal with any natives' stance? Yeah. Actually, we've got a great relationship with the First Nations we deal with there, the Pessamit. They're awesome. Yeah. Great group. I was there a week ago. Yeah, just wonderful people, and as long as you treat them well, you're fine. It's like normal business, right? Yeah. John, how much does the drilling cost you roughly? The drilling type results. Basically, CAD 4 million to CAD 5 million will get you there. Yeah, that's it. I envision just basically doing a single drill program this winter and then increasing that reserve and then basically going for the PEA feasibility and then go to production. You still think that could be out by results? Yep. Yeah. We should be able to start drilling in November, right? I know everybody wants everything tomorrow, right? It's fun. Is there any corollaries on the production cost side of things that you can point to just to illustrate what that could look like down the road? Yeah. It's still pretty early on that, right? It's a basic float system, right? You mill, you float, then you mill and float it again. It's basic. There's not a lot of chemicals involved or things like that in the extraction. I don't know. I think when we ran AI on it like CAD 300-CAD 600 a ton, right? John, it's CAD 4.5 to drill. You've got CAD 3 and a half in the bank. Is it true what I think you guys were talking about, getting half back from Quebec? Where does that come? When would that come back to the company? Six months. Yeah. We take a half off of CAD 5 million, kind of cashed up to get there. Yeah, it's pretty good. More or less how it compares. I'm not too worried. I don't know. At the conference we were at last week, there was a lot of groups there with flow-through funds, and there's 10 groups that said, "Well, we'll give you money right now." I don't feel like we have a problem raising the money. I'd rather do it on the excitement that, hey, we've done some more field work, and we got some metallurgy going. Basically working on that side of things. More commercial than just we're focused on having to spend the money on drilling. Fair. Yeah. All right. Well, thank you so much for coming this morning.