Thank you, Madam Chair.
Thank you to all the witnesses for being here today.
I want to start with Ms. McDonald.
You mentioned in your opening that you're a supporter of rare earth mining. We just did a study that involved the Inflation Reduction Act, and the United States and Canada are moving forward with mandates. In terms of the amount of money the Americans are putting into it, there's a credit of $3,750 U.S. for a vehicle containing an electric battery having specific percentages. What's happening is that those percentages are increasing. It's 40% by 2023, 50% by 2024, 60% by 2025, 70% by 2026 and 80% by 2027 and thereafter. It is significant.
These are already called rare earth minerals. I was just wondering if we can meet these governments' mandated targets for these batteries. What's your opinion on that?