Thank you for that excellent question, Mr. Blaikie. It's an excellent question.
For our refinery work, we're taking cobalt.... In fact, cobalt is not even produced in North America yet. That will come. We're taking cobalt from abroad, bringing it into Canada and creating the first supply of cobalt in North America. Then we have to put it in a battery. That chemical process doesn't yet exist, by and large, in North America. In year one, when we start producing, we hope that we will be maybe a year ahead of a bigger supply chain, and we hope that supply chain develops on this side of the border. In year one, we may be shipping a lot of our product to Europe. Some of it may go to Korea or Japan, where the install capacity is for the chemical process, the cathode-active material process.
There's a lot of discussion going on. I know at the federal and provincial level there is a lot of hope that we'll get the battery makers here in Canada. To me, from the policy side—and I think this is being done by your staff—it's important to try to connect those dots from where it's mined to where we sell our vehicle and to see where those gaps are.
I think that with the new administration in the U.S., we have maybe a little more competition than we did a year ago. I'd suggest that maybe we just have to move swiftly and bring all of together. We can have those discussions.