Ann: Quarterly Activities Report, page-11

A one month extension, isn't bad considering what they are trying to achieve. Getting the best finance deal is important, as the price of debt can make or break a company.

Unlike TGN we are purchasing a quarry business in addition to getting the funding to actually start mining tungsten.

With $600K in the bank, it's obvious they need cash and fast. Which means it must come from the finance they are negotiating.