RE:Further Dilution SEDAR answers your question: as of Sept 30, 2020 AGG had approx. USD $2.4MM of working capital and we are now 4.5 months later with a full drilling campaign underway and to be completed, plus normal course administrative expenses incurred since.
So they now need to fill the coffers by virtue of that, and it will also help them in their negotiations with an appropriate partner, whether JV, finance or takeover. You simply cannot enter into those types of negotiations with no money in the bank - puts them in a weak negotiating position.
It will also allow management to load up on options and buy-in at a great price one last time, before the impending action starts to happen, imho.