Ann: Key Canadian Lithium Project Acquisitions, page-79

"Personally, this reeks of underhand dealing and management trying to make more on the sides."

Disagree, sorry. There's a far more logical explanation: you bought into a stock that has been in an extended six-month downtrend, and which spiked for a brief period and on some news, and then continued to be sold off again (as has the rest of the sector). If you look at the chart exactly the same thing happened in late Oct/early Nov last year when they released their MRE; it gapped up, hit the high $1.70's and then was steadily sold off as people realised a big resource only matters if you can monetise it.

Jumping in on the first buy-the-news day after a long downtrend is unfortunately a pretty reliable way to lose money (as I've also learned).