REG-Marechale Capital Plc: Fundraise for Weardale Lithium & Notice of Final Results

Marechale CapitalAnnouncement

09/08/2022 07:15

09 August 2022

Marechale Capital Plc

(“Marechale” or the “Company”)

Marechale Completes Fundraise for Weardale Lithium

Publication of Final Results

Marechale Capital Plc (AIM: MAC), an established City of London based
corporate finance house with a long-term track record and a strong reputation
for advising and financing high growth consumer brands, leisure, clean energy,
mineral extraction and technology companies, is pleased to announce that it
has completed a first close fundraise of equity for the lithium exploration
and development company, Weardale Lithium Ltd (“Weardale”), at a
significantly higher valuation to the successful fund raising last year. Post
close, Marechale owns an 8.5% interest in Weardale.

Weardale is a lithium exploration and development business based in the
Weardale Valley, County Durham in the north of England. Lithium is globally
acknowledged as a critical mineral which is integral to the green transition.
The mineral is a key component in batteries which can be used in electric
vehicles and energy storage. As the UK government implements its climate
strategy, Weardale presents an opportunity to develop a domestic supply of a
critical raw material.

Patrick Booth-Clibborn, CEO of Marechale Capital, commented: “We are
delighted with the result of the fundraise and the response from shareholders
and new investors, which included experienced mining and private equity fund
managers.

“In the current climate, and as we look towards the future, there is a clear
appetite for companies which are integral to the green transition, and we are
pleased to have assisted Weardale as it advances its lithium brine projects in
the North East of England.

“The successful fundraise follows Weardale’s North East Future Resource
Conference which Marechale co-sponsored. We look forward to continuing to work
closely with Weardale and remain confident in the potential uplift value for
Marechale shareholders in Weardale Lithium, as well as our other clean energy,
technology and hospitality investments.”

Publication of Final Results

The Company can confirm that its final results for the year ended 30 April
2022 will be announced towards the end of August 2022. A copy of the results
will be sent to shareholders and an electronic copy will be available on the
Company website at www.marechalecapital.com

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014.

-ENDS-

For further information please contact:

 Marechale Capital plc Mark Warde-Norbury / Patrick Booth-Clibborn           Tel: +44 (0)20 7628 5582                                 
 Cairn Financial Advisers LLP (Nomad) Jo Turner / Sandy Jamieson             Tel: +44 (0)20 7213 0880                                 
 BlytheRay (Financial PR) Tim Blythe / Megan Ray / Madeleine Gordon-Foxwell  Tel: +44 (0)78 7574 4070 marechalecapital@blytheray.com  

About Marechale Capital

Marechale is an established City of London based corporate finance house, with
a long-term track record and a strong reputation in advising & financing high
growth consumer brands, leisure, clean energy, and technology companies. The
Company uses its balance sheet to co-invest in its client companies, along
with warrants and founder equity, in order to create shareholder value.

Cautionary statement

Certain statements made in this announcement are forward-looking statements.
Such statements are based on current expectations and assumptions and are
subject to a number of risks and uncertainties that could cause actual events
or results to differ materially from any expected future events or results
expressed or implied in these forward-looking statements. Persons receiving
this announcement should not place undue reliance on forward-looking
statements. Unless otherwise required by applicable law, regulation or
accounting standard, the Company does not undertake to update or revise any
forward-looking statements, whether as a result of new information, future
developments or otherwise.



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