Depends on how you look at it, The Tech was acquired in late...

Depends on how you look at it, The Tech was acquired in late 2021 early 2022, the Technology has gone from, Lab, Pilot and to Demonstration Scale, the Technology had to be proven, the only way to do that was to upscale and go into partnership with a Magnet Alloy Maker (LCM) and a Magnet Maker (VAC) followed by someone that can test those Magnets (FORD), hence the TRL Status below and prove Rare Earth Supply Chain can successfully be achieved, that takes time and money. Plus a technology that can Demagnetized large magnets for the start of the whole process