...deals out more shares to keep the lights on. This neighbor to Hay Mountain has finished drilling, and a pre-feasibility, but needs a development partner. While this project is different on many counts as compared to Hay Mountain, both LBSR and EXMGF are looking for partners - LBSR for a drilling partner, EXMGF for someone to front development costs.

Meanwhile, LBSR is talking with many potential partners. Excelsior? Dunno, they are being pretty quiet on this subject, and over some months now.

http://finance.yahoo.com/news/excelsior-announces-strategic-partnership-us-185738658.html