Q1 twenty-six, you know — consolidated revenue plus price-protection income a record one thirty-two nine, total revenue ninety point six up forty-nine percent, loss narrowed to eight million — Mountain Pass hit records, nine seventeen NdPr oxide, one thousand six sold, twelve-nine-eight-three REO, Materials thirty-six seven adjusted, Magnetics nine six, but the context holds: twenty-five was two twenty-four revenue, eighty-five nine loss, real cash burn, so this is improvement off a capital-heavy build-out, not steady profit yet, big grain of salt on timing, these projects are hard.
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