Ann: JLL Secures Funding to Advance McDermitt Lithium Project, page-7

I agree with siren4. Once the big end of town put their hands in their pockets for these sort of deals, they only do it for 1 reason, a substantial return, or, control.
Now the door is ajar and they receive a substantial parcel they can walk right in and start to dictate terms.

I'm sure most might have gone for 1 for every 3 held @ 30c to raise 6mill. With attaching short and long term options at 1 option for every 2 shares received.

Much rather keep institutions away for as long a possible. Maybe they need guaranteed funds for US grants or some other reason that JLL might explain at the webinar. For now not impressed.