What are the potential effects of the extended financing on the stock's liquidity and price volatility?

Liquidity – By extending the private‑placement deadline the company will keep the additional tranches of units on the market for another month, effectively increasing the number of tradable shares that will eventually hit the float. When the placement closes, the new shares will be registered on the TSX‑V, expanding the free‑float and tightening bid‑ask spreads. In practice this means tighter execution for both buyers and sellers and a modest boost to daily volume as the placement‑related trades are absorbed. For short‑term traders the higher float also creates a larger pool of liquidity that can be used to build larger positions without moving the market as much as before the extension.

Price volatility – The extension creates a two‑fold volatility driver. First, the prospect of dilution remains on the table; investors will price‑in the eventual dilution of existing holdings, which can generate a modest downward pressure and short‑term sell‑side momentum as the September closing approaches. Second, the delayed capital inflow signals that the company will still receive the funds needed to fund its RF‑power‑to‑heat projects, which can be viewed positively by fundamentals‑focused participants. Consequently, you can expect a short‑term spike in volatility—often manifested as higher intraday price swings and elevated implied‑volatility levels—followed by a potential stabilization once the financing is secured and the balance sheet improvement is reflected in earnings outlooks.

Actionable take‑aways

In short, the extended financing will lift the share float and ease execution, but the dilution narrative will keep the stock more volatile in the weeks leading up to the September closing. Traders should position for the near‑term volatility spike while keeping an eye on the longer‑term upside potential once the funds are in place and the company’s growth story gains traction.