Exactly.

Note too that access to 8 million dollars limited to no more that 100 thousand dollars per month will take several years to compete, if it's ever fully drawn - which. in my opinion, is not likely at all.

Meanwhile, the effect on dillution from this, is related to prevailing share prices, meaning that as the price rises, fewer shares will become available for conversion. Meanwhile, finalizing the deal on NPSP is likely to end, or at least suspend this arrangement.

Oh, and it tells prospective partners that LBSR is not in financially desparate straits.

AIMHO

VP