Now, it is also possible that LBSR may not have serious plans to proceed with such dilution as you are fearing (though they may want the rights to do so), but are preparing JUST IN CASE they have to go that route. This could be a negotiating ploy too, letting others know that LBSR will not get trapped into having no alternatives but to accept whatever offers come along.

You put in writing what was going thru my mind. ONLY time will tell if...............

If this was not the reason, LBSR is planning to get the drill in the ground asap with S1 moves like this.

ICE