REG - Cloudbreak Discovery - Redefined Strategy and Portfolio Update/Fundraise

Cloudbreak DiscoveryAnnouncement

27/05/2025 07:00

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RNS Number : 0924K  Cloudbreak Discovery PLC  27 May 2025

Cloudbreak Discovery Plc

('Cloudbreak', or 'the Company')

 

Redefined Strategy and Portfolio Update / Fundraise

 

Cloudbreak Discovery Plc, (LSE: CDL), the natural resource explorer and
project generator, is pleased to set out its redefined strategic focus.

 

The Company continues to review and manage its portfolio in investments, as
reported in the Company's Interim Results for the Period ending 31 December
2024, which may result in the disposal of certain investments that are not
deemed to be core to the Company's strategy.  These investments are
debentures, equities and royalties within listed and private entities within
the Americas.

 

Following the Board changes in 2025, Cloudbreak has refined its investment and
acquisition strategy in the high value minerals sector, with focus on
exploration and development assets, specifically those that are near term
revenue or project pivots.

 

The Company will acquire or invest in either quoted or private companies,
partnerships, joint ventures or direct interests in projects where it can
support management teams, specifically targeting investments that offer
control over exploration and development assets or substantial shareholdings
in investee companies to maximise the potential of returns to shareholders.
Investment opportunities will be considered on a case-by-case basis and
minority interest investments will not be ruled out.  The Company with its
supporting team has considerable experience across the mining and oil and gas
sectors in a wide range of countries.

 

The Company is pleased to announce that it has completed an agreement with
Fitzroy Minerals Inc. (Formerly Norseman Silver Inc), for the sale of a net
smelter return royalty (the "NSR") on the Caribou Claims located in British
Columbia, Canada, the consideration being C$20,0000.

 

The Company continues its discussions with G2 Energy Corp. ("G2") on the
Masten Unit Energy Project located in Cochran County Texas, United States to
determine the best method of increasing the oil production capacity of the
Marsten Project. The Company has provided G2 with a US$2,000,000 debenture on
a two-year term in exchange for a 3.25% Overriding Royalty Interest in the
Project.  G2 continues to review funding for its planned exploration and
upgrading of its operations.  G2 has continuously produced oil for over two
years, with current production is 30 - 40 barrels per day.

 

The Company has raised GBP 180,000 via a subscription for 120 million new
ordinary shares at a price of 0.15 pence per share.  Peter Huljich, the
Executive Chairman, subscribed for 20 million shares.  The funds raised will
be used for corporate expenses and to accelerate the enhancement of the
Company's asset portfolio.

 

Application is being made for the new Ordinary Shares to be admitted to the
Official List (Equity Shares (transition) category) and to trading on the Main
Market of the London Stock Exchange which is expected to be on or around 30
May 2025. These shares rank pari passu with the existing ordinary shares of
the Company.

Following the issue of these shares, the Company's issued ordinary share
capital shall consist of 1,253,075,632 ordinary shares. The figure of
1,253,075,632 represents the total voting rights in the Company and should be
used by shareholders as the denominator for the calculation by which they can
determine if they are required to notify their interest in, or a change to
their interest in, the Company under the Financial Conduct Authority's ("FCA")
Disclosure Guidance & Transparency Rules.

 

 

Peter Huljich, Executive Chairman, states:

 

"The combination of Cloudbreak's tradeable securities, debentures and projects
and the completed placement, enable the Company to position itself strongly
going forward. We intend to expand the scope of the assets the Company will
invest in, specifically targeting high value mineral exploration assets which
the company will be able to develop, thereby enabling the Company to
successfully build a stronger underlying value proposition."

 

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended).

 

- Ends -

 

For additional information please contact:

 

 Cloudbreak Discovery PLC                         Peter Huljich, Chairman           Tel: +44 207 887 6139
 Novum Securities (Financial Adviser)             David Coffman / Anastassiya Eley  Tel: +44 7399 9400
 Oberon Capital             (Broker)              Nick Lovering / Adam Pollock      Tel: +44 20 3179 5355 /+44 20 3179 5315

 

 

About Cloudbreak Discovery PLC

 

Cloudbreak Discovery PLC is a leading natural resource explorer, project
generator and royalty business. Cloudbreak is focused on mineral exploration
and energy royalty acquisitions with the aim of bringing near-term cashflow
and driving shareholder value. Its primary operating jurisdiction is the
United States, but the Company also deploys its project generation model in
the international mining sector to acquire interests in projects of merit.

 

Through its wholly owned but independently operated subsidiary, Cloudbreak
Exploration Inc., the Company will develop its array of mineral assets,
whilst continuing to generate new projects with a particular focus on
commodities with high intrinsic value.

 

Cloudbreak's generative model across the mineral sector enables a multi-asset
approach to investing and exploration. Diversification within the natural
resource sector and amongst resource classes is key to withstanding the cycles
of investing.

 

 1.                Details of the person discharging managerial responsibilities / person closely
                   associated
 a)                Name                                                         Peter Huljich
 2.                Reason for the notification
 a)                Position/status                                              Executive Chairman
 b)                Initial notification / Amendment                             Initial Notification
 3.                Details of the issuer, emission allowance market participant, auction
                   platform, auctioneer or auction monitor
 a)                Name                                                         Cloudbreak Discovery Plc
 b)                LEI                                                          213800ZLZVEPOS7YID88
 4.                Details of the transaction(s): section to be repeated for (i) each type of
                   instrument; (ii) each type of transaction; (iii) each date; and (iv) each
                   place where transactions have been conducted
 a)                Description of the financial instrument, type of instrument  Ordinary Shares of £0.001
                   Identification code                                          ISIN: GB00B44LQR57
 b)                Nature of the transaction                                    Subscription for Ordinary Shares
 c)                Price(s) and volume(s)

Price (s)  Volume (s)
                                                                                £0.0015    20,000,000

 d)                Aggregate information
                   - Aggregate volume                                           20,000,000
                   - Total Price                                                £30,000
 e)                Date of the transaction                                      27 May 2025
 f)                Place of the transaction                                     Outside a trading venue
 g)                Additional information                                       N/A

d)

Aggregate information

- Aggregate volume

20,000,000

- Total Price

£30,000

e)

Date of the transaction

27 May 2025

f)

Place of the transaction

Outside a trading venue

g)

Additional information

N/A

 

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