July twenty-five we locked in the Department of War deal — four hundred million for Series A preferred, converts to thirteen-three common, four-thirteen-six net — plus the ten-year NdPr floor, magnet offtake, samarium loan under DPA Title Three. Filing calls it unconventional, flags that pieces need future appropriations Congress still has to pass. So it's a government-backstopped commercial position, yes, but with legislative-funding risk baked in, you know, puts and takes, big grain of salt on the timing.