It's likely it was renewed. As I mentioned earlier, if you look back to the November 2016 PR you'll see that part of the deal with the landowners was their agreement to defer up to $450K in land deposits until closing. In other words, the fees due upon exercise of an extension of the option (up to $450K anyway) have been deferred and thus it did not cost SWET anything to do the extension. It was a win/win. SWET has no money and my guess is the landowners (who can now terminate at any time) are not exactly swimming in offers for their little slice of desert property.
The landowners must have agreed at some point to reduce the cost of the extensions ... that's the only way the $450K makes sense because, as initially reported by SWET, the extension fee was set at $250K for each 6 month extension. I'm too lazy to bother to see if that's the case and, in any event, it's irrelevant because SWET's never going to exercise the option.
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