The Wisdom Wall

“a lot of the early work decades ago was you would get individual microbes and And you would put them together and try to make your own communities. And that never works.”

“These heap leaches that we're talking about, they are multi-billion dollar assets that have to run every day, so if an external party's innovation adds two points of recovery, that's nice, but if it disrupts the heap, Someone's quarter is destroyed. Someone's career might go with it because they're not hitting their…”

“If a strategic investor is also your customer, then every roadmap conversation sometimes can have a second agenda. You have to be very careful about if you're sharing information with other customers”

“You can add domestic supply without new permitting, which makes it the fastest lever that the country has.”

“The world does not have a copper discovery problem. We have a copper recovery problem.”

“we also made an early call to stay away from revenue shares on purpose. Part of that is because the second your fee is tied to a percentage of the customer's yield, you're incentivized to argue with them about where that improvement came from.”

“The bugs that are there are not necessarily the same ones as the microbes that are doing things, and if you can't tie that to the chemistry and the mineralogy and the operating parameters, it doesn't actually turn into a lever that you can use.”

“The challenge, though, is that it's still a stepwise way of de-risking and mining. A hundred million dollars today is not going to fundamentally change. I do not believe our ultimate success. If it did change that, we'd be out fundraising for a hundred million dollars, um, but it will enable us to sequence our…”

“It is the most effective non-precious material for transmitting electrons, and so every time we think about grid stabilization, electrification, or things like AI data centers, the copper backbone underpins all of it.”