1 00:00:03,730 --> 00:00:06,240 Sean Aylmer: Welcome to the Fear and Greed Daily Interview. I'm Sean 2 00:00:06,240 --> 00:00:09,159 Sean Aylmer: Aylmer. We talk a lot about rare earths on this 3 00:00:09,160 --> 00:00:12,140 Sean Aylmer: podcast. Some of the companies that mine them have had 4 00:00:12,140 --> 00:00:16,250 Sean Aylmer: extraordinary growth in recent months and years. Rare earths are 5 00:00:16,250 --> 00:00:20,040 Sean Aylmer: increasingly important as we shift towards renewable energy and demand 6 00:00:20,040 --> 00:00:23,040 Sean Aylmer: grows for batteries in everything from mobile phones to electric 7 00:00:23,040 --> 00:00:26,090 Sean Aylmer: cars. At the same time, the United States is pushing 8 00:00:26,090 --> 00:00:28,600 Sean Aylmer: to shore up its supply of rare earths to reduce 9 00:00:28,600 --> 00:00:31,730 Sean Aylmer: reliance on China, where most of the world's supply comes 10 00:00:31,730 --> 00:00:34,860 Sean Aylmer: from. Today, I wanted to get an insight into how 11 00:00:34,860 --> 00:00:37,830 Sean Aylmer: they're found, mined, and used from one of the companies 12 00:00:37,830 --> 00:00:41,680 Sean Aylmer: doing it. American Rare Earths is an ASX- listed company 13 00:00:41,830 --> 00:00:45,100 Sean Aylmer: with rare earth operations in the US. Chris Gibbs is 14 00:00:45,100 --> 00:00:47,659 Sean Aylmer: the CEO of American Rare Earths and my guest this 15 00:00:47,659 --> 00:00:50,601 Sean Aylmer: morning. Chris, welcome to Fear and Greed. 16 00:00:50,601 --> 00:00:52,630 Chris Gibbs: Hey, thank very much, Sean. It's a pleasure to be 17 00:00:52,630 --> 00:00:53,220 Chris Gibbs: with you today. 18 00:00:53,710 --> 00:00:56,620 Sean Aylmer: Now, rare earths aren't actually that rare, is that right? 19 00:00:57,650 --> 00:01:00,150 Chris Gibbs: That's exactly true. It's a little bit of a misnomer. 20 00:01:00,150 --> 00:01:05,009 Chris Gibbs: The rear earths, they're abundant, and what actually makes them 21 00:01:05,010 --> 00:01:09,700 Chris Gibbs: rare is that it's the actual processing and extracting those 22 00:01:09,700 --> 00:01:14,490 Chris Gibbs: minerals which makes them rare. They're in a high abundance 23 00:01:14,490 --> 00:01:17,350 Chris Gibbs: in the crust, and even you find them in plants, 24 00:01:17,350 --> 00:01:20,700 Chris Gibbs: and even we've probably got rare earths in some of our 25 00:01:20,980 --> 00:01:25,100 Chris Gibbs: body. So they're quite abundant, but the real challenge is 26 00:01:25,100 --> 00:01:29,610 Chris Gibbs: how do you capture those, refine those, and separate those 27 00:01:29,610 --> 00:01:33,640 Chris Gibbs: so that you can do that in an economical viable way. 28 00:01:33,940 --> 00:01:38,500 Sean Aylmer: Okay. So we'll get to that in a moment. I'm really going 29 00:01:38,500 --> 00:01:40,759 Sean Aylmer: over my head here. The periodic table was never my 30 00:01:40,760 --> 00:01:44,180 Sean Aylmer: thing in chemistry. What are some of these minerals that 31 00:01:44,180 --> 00:01:44,880 Sean Aylmer: we're talking about? 32 00:01:45,370 --> 00:01:48,390 Chris Gibbs: Okay. The rare earths, well, they're these metals or rare earth 33 00:01:48,400 --> 00:01:53,050 Chris Gibbs: oxides or lanthanides they're called, and they're a silvery- white 34 00:01:53,050 --> 00:01:57,060 Chris Gibbs: heavy metal, and there's 17 of these. The other names, 35 00:01:57,480 --> 00:02:01,650 Chris Gibbs: and don't quote me on all these names, Sean, some 36 00:02:01,650 --> 00:02:03,250 Chris Gibbs: of them are a little bit hard to pronounce, but 37 00:02:03,930 --> 00:02:08,080 Chris Gibbs: from lanthanum, cerium, praseodymium, neodymium, and- 38 00:02:08,080 --> 00:02:08,530 Sean Aylmer: Well done. 39 00:02:08,530 --> 00:02:14,280 Chris Gibbs: There's a list that goes on, but they're just a few of those and there's a couple, scandium and 40 00:02:14,990 --> 00:02:18,790 Chris Gibbs: yttrium, which are not part of that lanthanide family, but 41 00:02:18,790 --> 00:02:20,820 Chris Gibbs: they occur in the same mineral deposits. 42 00:02:20,930 --> 00:02:24,510 Sean Aylmer: Okay. And so what are they used for and are they used 43 00:02:24,930 --> 00:02:30,340 Sean Aylmer: as a collective or are they, the individual metal used 44 00:02:30,340 --> 00:02:34,900 Sean Aylmer: in different ways or are all 17 basically interchangeable or 45 00:02:34,900 --> 00:02:37,130 Sean Aylmer: are they individually used, and how are they used? 46 00:02:37,610 --> 00:02:40,790 Chris Gibbs: Look, there's different applications and used in different things. And 47 00:02:41,060 --> 00:02:44,799 Chris Gibbs: sure, it is a challenge sometimes to separate these rare 48 00:02:44,800 --> 00:02:48,760 Chris Gibbs: earths because again, like I said, some of the challenges 49 00:02:48,760 --> 00:02:51,740 Chris Gibbs: here have been, how do you actually separate these out? 50 00:02:51,740 --> 00:02:55,030 Chris Gibbs: But some of the things are actually used in components. 51 00:02:55,030 --> 00:02:58,920 Chris Gibbs: For example, many devices in our modern society, such as 52 00:02:59,290 --> 00:03:03,730 Chris Gibbs: the screens for our smartphone, computers, flat screen panels, they're 53 00:03:03,730 --> 00:03:07,200 Chris Gibbs: also in your motors or your computer drives, batteries of 54 00:03:07,250 --> 00:03:11,760 Chris Gibbs: hybrid vehicles, electric vehicles, and also in things like wind 55 00:03:11,760 --> 00:03:15,310 Chris Gibbs: turbines and yeah, engines in that regard. But the real 56 00:03:15,310 --> 00:03:17,970 Chris Gibbs: challenge is, how do you separate them out? And couple 57 00:03:17,970 --> 00:03:20,960 Chris Gibbs: of them have held very tightly close together, for example, 58 00:03:20,960 --> 00:03:26,770 Chris Gibbs: the neodymium and praseodymium, which are the magnetic minerals. And they're 59 00:03:26,770 --> 00:03:30,280 Chris Gibbs: the ones which we're really focused on and looking at 60 00:03:30,419 --> 00:03:34,250 Chris Gibbs: really moving our projects forward with those two products to 61 00:03:34,340 --> 00:03:38,710 Chris Gibbs: minerals. But they're used in a wide variety of applications 62 00:03:38,800 --> 00:03:41,160 Chris Gibbs: and, like I said, the real challenge is how do 63 00:03:41,160 --> 00:03:45,510 Chris Gibbs: you separate those apart? Because they are held tightly together 64 00:03:45,510 --> 00:03:48,810 Chris Gibbs: in the mineralized deposits. And the other challenge as well 65 00:03:49,540 --> 00:03:54,280 Chris Gibbs: is that so often these rare earths are associated with 66 00:03:54,720 --> 00:03:59,240 Chris Gibbs: some materials and minerals that we don't want them to 67 00:03:59,240 --> 00:03:59,990 Chris Gibbs: associate with. 68 00:04:00,240 --> 00:04:00,480 Sean Aylmer: Yeah. Right. 69 00:04:00,900 --> 00:04:05,050 Chris Gibbs: Nasties, such as thorium and uranium are so often found 70 00:04:05,050 --> 00:04:08,710 Chris Gibbs: with rare earths. So yeah, that's the challenge, processing them. 71 00:04:09,010 --> 00:04:11,860 Sean Aylmer: So how do you process them? How do you separate 72 00:04:11,860 --> 00:04:14,300 Sean Aylmer: them? And sorry, you're going to have to dumb this 73 00:04:14,300 --> 00:04:15,450 Sean Aylmer: down, Chris, with someone like me. 74 00:04:17,870 --> 00:04:20,930 Chris Gibbs: Well, you know what? Dumbing it down is not hard 75 00:04:20,930 --> 00:04:24,640 Chris Gibbs: for me because I'm also not a metallurgist or a- 76 00:04:24,640 --> 00:04:25,440 Sean Aylmer: You're not a geologist? 77 00:04:25,560 --> 00:04:26,190 Chris Gibbs: No, I'm not a geologist. 78 00:04:26,190 --> 00:04:27,660 Sean Aylmer: You're a business guy, are you? 79 00:04:28,020 --> 00:04:30,210 Chris Gibbs: I'm a business guy, but hey, look, I've- 80 00:04:31,600 --> 00:04:33,520 Sean Aylmer: You're doing well with those names then, I got to tell you. 81 00:04:34,170 --> 00:04:37,210 Chris Gibbs: Hey, look, the interesting thing though, is I have run 82 00:04:37,480 --> 00:04:41,480 Chris Gibbs: chemical processing plants, I've run a metals refinery. I've run 83 00:04:41,480 --> 00:04:45,460 Chris Gibbs: a mine. And a lot of this is nearly like 84 00:04:45,460 --> 00:04:49,060 Chris Gibbs: mining 101. Like the first part of the process is 85 00:04:49,240 --> 00:04:54,270 Chris Gibbs: regular mining, which is just really extracting the minerals out 86 00:04:54,270 --> 00:04:58,500 Chris Gibbs: of the earth. That comes through open pit or underground 87 00:04:58,500 --> 00:05:02,420 Chris Gibbs: mining, and then going through the phases of really crushing 88 00:05:02,490 --> 00:05:05,849 Chris Gibbs: and grinding down to get to the end product. But 89 00:05:06,290 --> 00:05:09,539 Chris Gibbs: once you've gone through the crushing and grinding, you go 90 00:05:09,540 --> 00:05:15,160 Chris Gibbs: then through the processing phases and again, different processes here 91 00:05:15,160 --> 00:05:20,570 Chris Gibbs: using things like magnetic separation, flotation, and then through purifying 92 00:05:20,570 --> 00:05:24,360 Chris Gibbs: and refining these various rare earths. But it does depend 93 00:05:24,360 --> 00:05:28,299 Chris Gibbs: on the ore and the type of ore, but again, 94 00:05:28,580 --> 00:05:31,980 Chris Gibbs: it's very similar to a lot of other mining processes 95 00:05:31,980 --> 00:05:35,250 Chris Gibbs: that are out there today. But the real complicating factor 96 00:05:35,250 --> 00:05:37,680 Chris Gibbs: is, like I said before, is that you do have 97 00:05:37,680 --> 00:05:42,880 Chris Gibbs: some radioactive materials that are present in some of the rare earth deposits. Now, 98 00:05:42,880 --> 00:05:46,770 Chris Gibbs: fortunately for American Rare Earths, our deposits are low on 99 00:05:46,810 --> 00:05:51,080 Chris Gibbs: thorium and uranium content, but that itself, for some other 100 00:05:51,150 --> 00:05:56,239 Chris Gibbs: producers do present a challenge because once you go through 101 00:05:56,240 --> 00:05:59,640 Chris Gibbs: that refining and processing phase, you do need to dispose 102 00:05:59,640 --> 00:06:00,640 Chris Gibbs: of those materials. 103 00:06:00,650 --> 00:06:02,860 Sean Aylmer: Okay. So I want to get onto your big projects 104 00:06:02,860 --> 00:06:04,740 Sean Aylmer: in Wyoming and Arizona in a moment, but I'm just 105 00:06:04,740 --> 00:06:07,130 Sean Aylmer: going to keep the thread of this going. So once 106 00:06:07,130 --> 00:06:10,560 Sean Aylmer: you have processed them and you have the product that 107 00:06:10,560 --> 00:06:14,650 Sean Aylmer: you want, what's the process of getting it to market? 108 00:06:15,200 --> 00:06:17,900 Sean Aylmer: I presume there's the London Metals Exchange or somewhere like 109 00:06:17,900 --> 00:06:21,490 Sean Aylmer: that, where people buy and sell it. Do you literally ship 110 00:06:21,490 --> 00:06:23,820 Sean Aylmer: it off to the buyer? Is that how it works? 111 00:06:24,050 --> 00:06:28,290 Chris Gibbs: Well, no. Look, again, people have set up different arrangements. 112 00:06:28,290 --> 00:06:31,260 Chris Gibbs: And in my previous life, I was actually part of 113 00:06:31,460 --> 00:06:36,460 Chris Gibbs: running a molybdenum business and producing metals that were sold 114 00:06:36,470 --> 00:06:41,089 Chris Gibbs: into the marketplace and specialty products. And as a metal 115 00:06:41,089 --> 00:06:46,700 Chris Gibbs: producer, you produce generally in super sacks or into pellets 116 00:06:46,790 --> 00:06:50,610 Chris Gibbs: or a metal product, which you then essentially can sell 117 00:06:50,610 --> 00:06:57,190 Chris Gibbs: direct to customers. Unlike some other metals where there's major exchanges, 118 00:06:57,240 --> 00:07:03,150 Chris Gibbs: these metals are sold primarily in the open market and sold 119 00:07:03,680 --> 00:07:09,150 Chris Gibbs: directly through your customers or, again, there's intermediate folks which specialize 120 00:07:09,150 --> 00:07:12,290 Chris Gibbs: in these. So there's a whole array. It's not like 121 00:07:12,580 --> 00:07:16,630 Chris Gibbs: gold or some other materials which are sold in a different 122 00:07:16,630 --> 00:07:21,570 Chris Gibbs: sort of scenario. These are setting up through customers and 123 00:07:22,150 --> 00:07:26,210 Chris Gibbs: having the commercial arrangements in place. But again, you also 124 00:07:26,540 --> 00:07:29,400 Chris Gibbs: do have folks that you specialize where you can- 125 00:07:30,510 --> 00:07:31,440 Sean Aylmer: Rare earth brokers. 126 00:07:31,440 --> 00:07:34,370 Chris Gibbs: Exactly, trade or brokers that you get into this regard. 127 00:07:34,760 --> 00:07:37,110 Chris Gibbs: And look, it does depend on the metal as well. 128 00:07:37,110 --> 00:07:41,180 Chris Gibbs: But it's a challenge, it's supply and demand and it's 129 00:07:42,210 --> 00:07:46,619 Chris Gibbs: a fairly open marketplace, but the marketplace has been held 130 00:07:46,620 --> 00:07:51,210 Chris Gibbs: down and essentially been dominated by the Chinese from the 131 00:07:51,350 --> 00:07:54,920 Chris Gibbs: process in refining phase for a number of years. And 132 00:07:54,920 --> 00:07:57,580 Chris Gibbs: that's really the push, which is to move away from 133 00:07:57,880 --> 00:08:01,530 Chris Gibbs: having the rare earths mined and processed in China. 134 00:08:02,100 --> 00:08:03,710 Sean Aylmer: Stay with me, Chris, we'll be back in a minute. 135 00:08:09,230 --> 00:08:12,220 Sean Aylmer: My guest this morning is Chris Gibbs, the CEO of 136 00:08:12,220 --> 00:08:16,360 Sean Aylmer: American Rare Earths, which is listed on the ASX. Okay. 137 00:08:16,360 --> 00:08:18,620 Sean Aylmer: So you've got two main projects in the US, Halleck 138 00:08:18,750 --> 00:08:23,210 Sean Aylmer: Creek in Wyoming and La Paz in Arizona. First, the 139 00:08:23,210 --> 00:08:26,440 Sean Aylmer: Wyoming project. This month, you've confirmed the site is home 140 00:08:26,440 --> 00:08:30,410 Sean Aylmer: to a major rare earth deposit. I suppose, how big is it 141 00:08:30,410 --> 00:08:32,150 Sean Aylmer: and is part of this, the fact that you can 142 00:08:32,150 --> 00:08:33,050 Sean Aylmer: actually process it? 143 00:08:33,580 --> 00:08:37,170 Chris Gibbs: Okay. Well, right now, this is an early phase project. 144 00:08:37,660 --> 00:08:42,320 Chris Gibbs: What we've just completed is our maiden drill campaign. And this 145 00:08:42,320 --> 00:08:44,920 Chris Gibbs: is quite exciting for us because we picked up this 146 00:08:44,920 --> 00:08:48,709 Chris Gibbs: deposit just over a year or so ago. And we 147 00:08:48,960 --> 00:08:53,670 Chris Gibbs: have been doing extensive field exploration work. And by doing 148 00:08:53,670 --> 00:08:57,589 Chris Gibbs: that field exploration work, we've identified fairly high- grade values 149 00:08:57,590 --> 00:09:03,840 Chris Gibbs: of rare earth elements doing our field observations. And as 150 00:09:03,840 --> 00:09:06,780 Chris Gibbs: a result of that, we went about doing that this 151 00:09:07,050 --> 00:09:10,100 Chris Gibbs: first round of what we call a maiden drill campaign. And 152 00:09:10,100 --> 00:09:14,650 Chris Gibbs: this deposit is huge. It goes over 4, 000 hectares. 153 00:09:15,030 --> 00:09:15,050 Sean Aylmer: Wow. 154 00:09:15,940 --> 00:09:20,790 Chris Gibbs: So it's a large deposit and essentially it's on what's 155 00:09:20,790 --> 00:09:24,250 Chris Gibbs: called a pluton. The reason for doing this drilling was 156 00:09:24,650 --> 00:09:27,670 Chris Gibbs: we did essentially like pilot drilling to look at the 157 00:09:27,670 --> 00:09:30,929 Chris Gibbs: mineralization and the depth of this deposit to see if 158 00:09:30,929 --> 00:09:33,130 Chris Gibbs: it actually goes down to the depths that we're hoping 159 00:09:33,130 --> 00:09:36,730 Chris Gibbs: it would. And so we've put nine drill holes in 160 00:09:36,890 --> 00:09:40,140 Chris Gibbs: over this area. And while we're also conducting this drilling 161 00:09:40,140 --> 00:09:44,280 Chris Gibbs: campaign, we continue to have field samples and using handheld 162 00:09:44,280 --> 00:09:49,860 Chris Gibbs: XRF machines and have actually observed grades from 3, 000 parts 163 00:09:50,340 --> 00:09:53,679 Chris Gibbs: per million up to now exceeding 20,000 parts per million, 164 00:09:53,679 --> 00:09:57,510 Chris Gibbs: which is exceptional grade. And so as a result of 165 00:09:57,510 --> 00:10:01,630 Chris Gibbs: what we've seen to date, we've already initiated work to 166 00:10:01,630 --> 00:10:04,780 Chris Gibbs: go on, to do our next phase of drilling. But 167 00:10:04,780 --> 00:10:07,470 Chris Gibbs: it's very clear to us that we have something very 168 00:10:07,470 --> 00:10:11,770 Chris Gibbs: special here at Halleck Creek. We're still waiting for the 169 00:10:11,770 --> 00:10:16,400 Chris Gibbs: core sample results, but putting aside, getting those results, we're 170 00:10:16,400 --> 00:10:20,150 Chris Gibbs: very encouraged with what we've seen to date. This is 171 00:10:20,150 --> 00:10:23,440 Chris Gibbs: great, because we do believe we've got potentially one of 172 00:10:23,440 --> 00:10:25,900 Chris Gibbs: the largest rare earth deposits here in the US. 173 00:10:26,140 --> 00:10:29,449 Sean Aylmer: So in the US, why is it that it hasn't 174 00:10:29,450 --> 00:10:32,050 Sean Aylmer: got a overly, or maybe it has got a world- 175 00:10:32,050 --> 00:10:36,320 Sean Aylmer: developed rare earth industry, but I would've thought given the 176 00:10:36,320 --> 00:10:39,209 Sean Aylmer: geography, it would have a lot of rare earths. Is 177 00:10:39,210 --> 00:10:42,510 Sean Aylmer: it just that they don't have the processing facilities? I suppose, why is it 178 00:10:42,510 --> 00:10:43,360 Sean Aylmer: all coming out of China? 179 00:10:45,000 --> 00:10:48,430 Chris Gibbs: Look, I think bottom line is, it's not just the 180 00:10:48,440 --> 00:10:52,730 Chris Gibbs: US, but folks back in Australia and also Canada, we 181 00:10:52,840 --> 00:10:56,250 Chris Gibbs: drop the ball when it comes to rare earths and 182 00:10:56,250 --> 00:11:00,189 Chris Gibbs: some of these critical materials. And China, sure, has had 183 00:11:00,190 --> 00:11:03,050 Chris Gibbs: a strangle hold on this since really the 1990s and 184 00:11:03,420 --> 00:11:07,330 Chris Gibbs: across the board. Some of these other societies drop the 185 00:11:07,330 --> 00:11:10,900 Chris Gibbs: ball on it, but there's a huge focus on critical 186 00:11:10,900 --> 00:11:15,910 Chris Gibbs: materials now within the US and also within Canada and 187 00:11:15,910 --> 00:11:20,270 Chris Gibbs: within Australia. We're seeing that now as a result of 188 00:11:20,270 --> 00:11:23,110 Chris Gibbs: really what these end products are used for. They're required 189 00:11:23,110 --> 00:11:26,160 Chris Gibbs: for the modern day society, they're required for this greener 190 00:11:26,210 --> 00:11:30,559 Chris Gibbs: and cleaner economy that we're wanting to live in. Let's 191 00:11:30,559 --> 00:11:33,650 Chris Gibbs: face it, there's the trade wars that go in this 192 00:11:33,650 --> 00:11:35,780 Chris Gibbs: regard and I don't think any of us want to 193 00:11:35,780 --> 00:11:39,809 Chris Gibbs: be held to ransom from being able to get supply. 194 00:11:39,809 --> 00:11:42,030 Chris Gibbs: And we've seen these challenges as well from a supply 195 00:11:42,030 --> 00:11:45,990 Chris Gibbs: front just recently. If you look at your computer chips, 196 00:11:46,440 --> 00:11:50,890 Chris Gibbs: look at what's happening just recently. It's a challenge. If 197 00:11:50,890 --> 00:11:56,350 Chris Gibbs: you look at the projections for rare earths, it's pretty amazing 198 00:11:56,350 --> 00:11:59,050 Chris Gibbs: going forward in the future that we need a lot 199 00:11:59,050 --> 00:12:02,600 Chris Gibbs: of it. And quite frankly, right now, there's only one 200 00:12:02,600 --> 00:12:06,559 Chris Gibbs: producing mine in the US. That's the Mountain Pass Mine 201 00:12:07,010 --> 00:12:11,080 Chris Gibbs: and the projections are that within the US alone, that 202 00:12:11,080 --> 00:12:15,650 Chris Gibbs: you'll need be between 10 to 20 equivalent mountain passes. 203 00:12:16,520 --> 00:12:19,490 Chris Gibbs: That's the projection. And right now, no, there's not a whole 204 00:12:19,490 --> 00:12:22,900 Chris Gibbs: lot of mining that takes place within the US. And 205 00:12:23,380 --> 00:12:25,750 Chris Gibbs: the time from mine to market, it does take some 206 00:12:25,750 --> 00:12:28,910 Chris Gibbs: time. So there's some catch- up that's taking place. For 207 00:12:28,910 --> 00:12:31,329 Chris Gibbs: American Rare Earths, we're in a great position because we've 208 00:12:31,330 --> 00:12:34,069 Chris Gibbs: got, we believe, two of the major rare earth deposits 209 00:12:34,070 --> 00:12:37,010 Chris Gibbs: in the US and we're moving those forward and we've 210 00:12:37,660 --> 00:12:40,950 Chris Gibbs: been doing so for the last couple of years. So 211 00:12:40,950 --> 00:12:43,700 Chris Gibbs: it's not like we're new to this. We've been there 212 00:12:43,700 --> 00:12:47,210 Chris Gibbs: for some time. And we have been moving these projects 213 00:12:47,210 --> 00:12:49,980 Chris Gibbs: forward. But there's not a whole lot of folks in 214 00:12:49,980 --> 00:12:53,990 Chris Gibbs: this space, but it is increasing. There's more and more 215 00:12:53,990 --> 00:12:55,030 Chris Gibbs: coming into this space. 216 00:12:55,370 --> 00:12:57,540 Sean Aylmer: Chris, good luck with all. And thank you for talking 217 00:12:57,540 --> 00:12:58,410 Sean Aylmer: to Fear and Greed. 218 00:12:59,110 --> 00:13:00,699 Chris Gibbs: Hey, thank you very much, Sean. Appreciate it. 219 00:13:01,050 --> 00:13:04,069 Sean Aylmer: That was Chris Gibbs, the CEO of American Rare Earths. 220 00:13:04,140 --> 00:13:06,319 Sean Aylmer: This is the Fear and Greed Daily Interview. Join us 221 00:13:06,320 --> 00:13:08,890 Sean Aylmer: every morning for the full episode of Fear and Greed, 222 00:13:08,890 --> 00:13:12,540 Sean Aylmer: Australia's most popular business podcast. I'm Sean Aylmer. Enjoy your day.