A very interesting statement made in that same document regarding Thacker Pass was worded as follows:

" As a result, the scheduled timing for completion of the feasibility study will be adjusted once the Company has determined the targeted initial capacity and product mix that more accurately reflects market needs."  

That word, "adjusted", leaves a lot of leeway as to how definite the release date is for the Definitive Feasibility Study.  At least when we look at the ATM increase in Common Shares the company did state that there is currently a November 2022 end date on that situation.  It, in effect, constitutes a "Use or Lose Date", but on the other hand the company could move that Goal Post further out since they have done the Goal Post shuffle so many times on all other Goals.  It could happen.  

The ATM is stated in such a way that the company doesn't have to issue more Common Shares all the way up to the $100 Million USD level.  They hold out the possibility that they might not issue any at all, only some of that $100 Million USD Cap or all of it.  Just like at the County Fair where the guy has the pea under the shell and you are supposed to guess which of the 3 shells is hovering over the pea.

No question that the potential doubling of the production at Thacker Pass from 20 Million Tonnes per Annum to 40 Million Tonnes per Annum is a positive thing for LAC investors so that we see the company provides a carrot with its stick.  How nice. 

What a ride it has been to be a long time investor in LAC.  Indeed, what a ride!