Good point amigo. Most junior explorers go for a cap raising...

Good point amigo. Most junior explorers go for a cap raising when their piggy bank is just about empty and the shareprice has already tanked in anticipation of the inevitable cap raise. As a result they raise only a couple of million dollars, and dilution is large. Subsequently, the shareprice tanks further, which leaves shareholders angry. The difference here is that ARR doesn't need a cap raising - it has plenty of funds as well as financial support for research and metallurgical studies. Also, ARR's shareprice is very attractive and it is starting to head north again. So to raise $11 million, it will be issuing about 40 million shares (dilution is about 10%). The cap raising will enable ARR to fast track its development. ARR wants to be the next rare earth producer in the USA and the government has stated it wants to stop importing rare earths by 2026. So that is the timeframe for ARR.