Ann: Quarterly Activities and Cash Flow Report, page-114

The big fall is a combination of the ATM facility combined with the fact they are rapidly running out of cash and have little chance of completing the project without additional finance.
People will say, they will get finance soon - maybe!
But as things stand today, with the company relying on predatory finance just to avoid running out of working capital, there is no realistic path forward other than a pause in construction (or a takeover offer). As the share price falls, financing only becomes more difficult. And if not in the past few months, why now?
After the announcement spruiking all the lithium being stored in the ponds, I'm starting to think that they may announce a stop to construction soon, use the ATM facility to tie up a few construction loose ends on the existing ponds, and then try to "wait it out."