Europe could be looking to mine the moon by 2025

The video discusses the collaboration between Ariane Group and PT Scientists, a German startup, to build a nuclear lander for a mission. The European Space Agency (ESA) plans to mine Regalith, or moon rock, from the moon's surface within the next six years. Regalith, which covers the entire moon surface, is composed of clay, glass fragments, minerals, and chemical compounds like iron oxide. These materials can potentially be used to extract oxygen, water, and fuel.

How long does the European Space Agency plan to conduct the mining mission?

What could be extracted from iron oxide according to the text?