Hon STUART NASH (Minister for Economic and Regional Development): Recently, I announced that the Government has invested in world-leading lithium recovery technology, helping Geo40 Ltd to scale up its proprietary technology in the central North Island. The investment of $2 million through Kānoa will see the Government take a further equity stake in Geo40 Ltd. It will allow the company to progress its lithium recovery process, which it does through processing the by-product of geothermal energy production, before moving to commercial-scale development. This is a game-changing programme of work that aligns exactly with New Zealand's global brand in that it has potential to strengthen our geothermal energy in advanced manufacturing sectors, contribute to a lower-carbon future, extract a premium due to New Zealand ingenuity, and diversify our regional economies.