They were chasing a financing deal that never existed (or apparently 'unfavourable') for a long time before they realised they couldn't get the funds, and had to raise capital themselves. Don't spin what happened it to fit your own narrative mate.
The article you posted says they redesigned their lithium project - it says nothing about the plant "not working". Just another unsubstantiated opinion.
The reasoning is in the article you posted - you may need to read it again.
"How do you know their DLE plant actually works? Have you seen any product qualification other than Rio's marketing material?"
It's in their 2021 Rincon Project update. If you want specifics, email them. It isn't a publicly listed company so that information would be available to their investors. Obviously they did something right to flag RIO's attention and then to get bought out.
Li-related News/Articles/Reports, page-1690
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