A CR was always going to happen. I'm not sure why you think it wasn't.
A CR was part of project funding plan (debt and equity). A mix of funding methods is appropriate for this size project because it is unrealistic to expect either just investors or just debt suppliers to fund 100% of required capital.
In striking the balance, investors will note that the chemical plant is a new design, that supplies lithium, valuable by-products (such as Cs and Rb) and other by-products; leaving no solid waste.
I can understand why Sinomine is so interested in the technology, and are prepared to engage in tactics to exhaust support by investors in LPD to bring the technology into production in KIZAD. It would much prefer to secure the IP (legitimately or otherwise), and build a chemical plant in China.
Investors who have supported the company through its development program should consider whether this last hurdle prior to the funding package is acceptable to them.
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