The fundraising effort by De Grey Mining is a critical development for the company, as it secures the equity portion needed for the Hemi Gold Project's financing. This move not only demonstrates the project's viability and the company's commitment to advancing it but also potentially de-risks the investment for current and future shareholders. The issuance of shares at a discount could initially dilute existing shares but is a common practice for raising capital. The long-term outlook appears positive, given the project's scale and the company's strategic steps towards production.