Of course they won't, each time they draw down on the facility...

Of course they won't, each time they draw down on the facility they have to issue shares (with a 10% discount baked into them). At the current market cap they would have to add billions and billions more shares and dilute the register to death.

But even if they call on the facility for lesser amounts, it just creates selling pressure. If they want say $20M, they have to issue $20M worth of shares to Acuity but at a 10% discount to the selected VWAP. Acuity are a loan shark, all they do is unload the shares on the market to capture the highest margin they can. I've seen these 'facilities' work before with the likes of BRN, HIO etc. They're ruinous to the share price, there's a reason it's only struggling lithium players like SYA, LKE and GLN who have to turn to them.