Ann: Hastings Strategic Direction and Financing Update, page-3

That is a very selective way of reading things. To offer a different perspective it looks like their hunt for funding has allowed them to easily get more than they need in terms of financing, which is in stark contrast to other REE projects. It seems to me that HAS haven't committed to it just yet because:
1. Its not slowing them down, they already have enough cash to secure the items that would delay their plan and are in construction already, so best to leave no stone unturned in terms of options, since they are the ones in the negotiating position.
2. The strategic financing option allows them to potentially participate in some of the downstream operations which would add to margin and change the economics of the project.
Will be interesting to see if something comes out of this. Perhaps neo materials are looking to open a new facility and would like a minority partner.
Quite happy with this update, a lot to digest there.