if they knew that the sale was progressing, why not convert options to provide some working capital. (assuming sale calcs showed a share price well in the money)
Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks
AN1 CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch