Thank you for the question. Let me answer what I think you're asking. We operate the only NRC-licensed Western HALEU facility — the AC100M cascade at Piketon, Ohio. Phase II of the HALEU Operations Contract is complete: 900 kg delivered to DOE in June 2025, over 1.6 metric tons cumulative by Q1 2026. Base case is 12 metric tons per year, which in my view reaches nth-of-a-kind cost. Further cascades are progressive, tied to offtake and capital. First new cascade expected 2029; first-of-a-kind buildout with timeline hedged throughout. Day one: reduce lead time, reduce unit cost, de-risk.