Ann: Trading Halt, page-41

That's correct. They still have money from what I understand but they would have had to raise probably around February and he didn't want to wait and potentially struggle early next year if the sentiment wasn't as favourable as now after US elections.

From what I gathered, his priority is definitely to fast track and go into production as soon as possible so he doesn't want the potential lack of funds to delay them by a few months. He also said that he will not wait for the sentiment towards Lithium market to shift to a more positive sentiment before going into production. If they can be up and running and producing in two/two and a half years, he will.

Overall, I thought it was quite encouraging and JP is still very excited about the project. I have been holding for over two years and it's quite frustrating for long term holders to be in the red with all the potential that HM has but I'm willing to wait a couple more years and see this hopefully unfolding nicely.