Financing takes at least 6 monthsIt's my believe that they are looking for a partner - not only for the development programs - but also for the CMR+HPA CapEx funding.
How long does it take to raise capital for a startup? Plan
at least six months to open and close a round.
The Fundraising Process in Seven Simple Steps 1. Gather your data on achievements and forecasting your financial needs
2. Prepare your pitch deck
3. Start reaching out to potential investors with your ask
4. Attend investor meetings
5. Field term sheets and proposals
6. Survive the due diligence process
7. Execute final documents and get money wired in
https://www.forbes.com/sites/alejandrocremades/2019/01/03/how-long-it-takes-to-raise-capital-for-a-startup/?sh=70aa86087a41 In July 2021 SCY updated their corporate presentation (step 2). Due diligence takes some time. The Phoenix deal with Barrick gives them a lot of credibility.
Financing will be completed in Q4, hopefully in October (which would be in 4 months).