Established public technical literature supporting the plasma-assisted rare earth recovery approach. Florida/Piney Point phosphogypsum working basis defined and documented.

• Piney Point phosphogypsum assay and mass basis documented
• REE and TENORM constituent suite identified
• Product pathway options defined

Sampling and assay of prospective feedstock resources against the ARE element suite. Each Turkish host resource will be independently sampled and assayed.

• Host development discussions underway
• Sampling protocol defined
• Assay against ARE element suite in progress

Individual process subsystem validation work packages advancing in parallel. Specific subsystem details are not disclosed publicly.

• Subsystem validation workstreams active
• U.S. compliance and classification workstream active
• Engineering workstream active

Combined subsystem operation under representative feed conditions. Timing subject to completion of feed characterization and subsystem validation.

• Pending completion of subsystem validation
• Integrated testing protocol to be defined
• Product qualification samples to be generated

Analytical, regulatory, and customer-acceptance qualification of prospective product forms. ARE is working with qualified counterparties to define specifications.

• Buyer and processor discussions initiated
• Qualification specifications to be defined with counterparties
• Regulatory acceptance pathway under development

Full-scale operation subject to completion of all prior gates, executed host and offtake agreements, regulatory approvals, and project financing.

• Subject to all prior gate completions
• Host agreements required
• Regulatory approvals required
• Project financing required