Thank you very much for your presentation.
This is a study meant, I think I can safely say, to give us an introduction to the industry, and certainly I've heard a lot of terminology that doesn't really help identify this rare earth element sector clearly. I'm looking forward to questions that would clarify that.
I will take about fifteen minutes at the end of the meeting to deal with two subjects. One is to pass the budget for the committee, or at least look at the budget for this study. The other is to discuss the handling of Bill C-5, which will come to committee. It collapsed in the House today, so it will come to committee next Monday. I want to discuss the time that will be needed to discuss it.
Having said that, let us get directly to questions or comments on the issue we're here to deal with today, starting with Mr. Leef, the best darn MP from the Yukon, for up to seven minutes.