High level, if we look at the transformation of iron ore into steel, you essentially have to melt it. If you're melting more contaminants, you're creating more CO2 emissions. Having an extra-pure material like we have here in the ground in Canada allows our customers to reduce a significant amount of CO2 emissions.
As an example, if you use the blast furnace technology, which is the main technology that's used to produce steel, by using our material you can reduce CO2 emissions between 10% and 20%. When you go towards the electric arc furnace, then you can reduce CO2 emissions by 50% using our material.
It gets critical once you get towards electric arc furnaces, because once you've delivered that type of technology, you cannot buy lower-grade iron ore. You need to buy high-purity iron ore. That's where we have a unique opportunity here in Canada, because we produce exclusively high-grade iron ore.
