Uh, why would it happen that way? Would it not make more sense for the company to release favorable information, and then negotiate a deal from a presumably higher share price?

Well, now that I think about it, perhaps not if we look at the possiblity of a deal that does not include "financing" as you may be thinking of it. A deal including the sale of a carried interest in Hay Mountain, may be possilbe, but I think it may be too early in this story for that to happen.

We shall see soon enough, I suspect.