Ann: Pause in Trading, page-40

It'll probably be the same process they used for EME (2005) and ALY (2007) back in the day when Uranium then Gold was all the rage. They spin up a new entity, I'll guess for the lithium assets in the US. They provide existing shareholders priority access to shares at 25c each to raise enough cash to continue the exploration / feasibility / scoping to ensure the mineral and mining fundamentals. JRL retain xx percent of the new entity (40% in EME's case). The new spin is then taken over before JRL get to mining stage (they are not miners they are an exploration company). The cash made from, let's say, 40% percent that JRL holds in the new lithium is then distributed as a special dividend to continued JRL holders.

Speculation only but suspect this is the way it's heading.