Cloudbreak Discovery Plc (Cloudbreak) has announced its successful fundraising of £585,625 (comprising a placing of £60,000 and a subscription of £525,625) and subsequent placement to trading on the Standard segment of the London Stock Exchange’s Main Market.
Cloudbreak is a natural resource project generator which holds equity positions and royalties in a variety of projects in the natural resources sectors across multiple jurisdictions, primarily in North America and Africa.
Cloudbreak provides European investors with a business model and range of assets which to date has been a largely untapped opportunity in Europe. The company has the ability to pivot between commodities for the best prospects and opportunities but has a core focus on bulk, industrial and base materials and metals with an early focus on critical metals for the ongoing electrification revolution.
The proceeds of the Fundraise will be used to support Cloudbreak's immediate objective of developing its existing portfolio of assets and interests and acquiring suitable additions including lithium assets and bauxite projects globally, as well as cover operational costs generally.
Crowe's role and the team
Crowe acted as reporting accountant on the transaction, with the capital markets team led by Paul Blythe.
Client quote
We were eager to work with Crowe again as our trusted advisor, to provide support for this funding round. They have extensive experience in working with companies operating in the natural resources sector. We would certainly continue to recommend them to other companies in the industry in need for reporting accountant services.
Kyler Hardy, CEO, Cloudbreak Discovery Plc
