In my opening statement, I mentioned a few of the projects we anticipate in the future. For example, I talked about Nouveau Monde Graphite and its project to produce value-added graphite anode material. Sayona and Nemaska Lithium are working on projects to transform spodumene into lithium carbonate and lithium hydroxide. Sayona is waiting to find out whether its application will be approved, and Nemaska's project has received approval. The issue of financing has yet to be settled, however.
Lithium and graphite processing have their place in the new sectors. I have no doubt that, at some point, the possibilities of rare earths will be explored. As I understand it, more R and D is required on that front than in the case of lithium and graphite. The goal is definitely processing. Everyone wants to undertake processing in Quebec. Processing is being talked about all over Canada. More processing is on everyone's mind.
We need to plan for all markets. Some are already well established. You're talking to representatives of Vale Canada and Glencore Canada. The nickel sector is doing well, and the same is true of copper and cobalt in Ontario. We have always advocated the opportunities that new sectors present, so the processing of critical and strategic metals is a promising area for Quebec and the rest of Canada.
I said this already, but I can't stress it enough: the government needs to move quickly on approving projects so they can advance. The race is on.