The National Aeronautics and Space Administration (NASA) vision has as a cornerstone, the establishment of an Outpost on the Moon. This Lunar Outpost will eventually provide the necessary planning, technology development, and training for a manned mission to Mars in the future. As part of the overall activity, NASA is conducting Earth-based research and advancing technologies to a Technology Readiness Level (TRL) 6 maturity under the Exploration Technology Development Program that will be incorporated into the Constellation Project as well as other projects. All aspects of the Lunar environment, including the Lunar regolith and its properties, are important in understanding the long-term impacts to hardware, scientific instruments, and humans prior to returning to the Moon and living on the Moon. With the goal of reducing risk to humans and hardware and increasing mission success on the Lunar surface, it is vital that terrestrial investigations including both development and verification testing have access to Lunar-like environments. The Marshall Space Flight Center (MSFC) is supporting this endeavor by developing, characterizing, and producing Lunar simulants in addition to analyzing existing simulants for appropriate applications. A Lunar Regolith Simulant Workshop was conducted by MSFC in Huntsville, Alabama, in October 2007. The purpose of the Workshop was to bring together simulant developers, simulant users, and program and project managers from ETDP and Constellation with the goals of understanding users' simulant needs and their applications. A status of current simulant developments such as the JSC-1A (Mare Type Simulant) and the NASA/U.S. Geological Survey Lunar Highlands-Type Pilot Simulant (NU-LHT-1M) was provided. The method for evaluating simulants, performed via Figures of Merit (FoMs) algorithms, was presented and a demonstration was provided. The four FoM properties currently being assessed are: size, shape, density, and composition. Some of the Workshop findings include: simulant developers must understand simulant users' needs and applications; higher fidelity simulants are needed and needed in larger quantities now; simulants must be characterized to allow 'apples-to-apples' comparison of test results; simulant users should confer with simulant experts to assist them in the selection of simulants; safety precautions should be taken in the handling and use of simulants; shipping, storing, and preparation of simulants have important implications; and most importantly, close communications among the simulant community must be maintained and will be continued via telecoms, meetings, and an annual Lunar Regolith Simulant Workshop.