RE:Funding announcements shortly. $5M is not a lot compared to the expected cost of a demo facility. I would think a demo would be near $100M. Usually though when the provincial government puts in money, the Fed's kick in as well. More to come on this I hope.
Even if the Fed's bump the funding to $50M, E3 is going to have to put some skin in the game. I hope they raise debt and service that debt with cash reserves. Issuing equity at these prices will be a slaughter to existing shareholders.