27
February 2024
Cloudbreak Discovery Plc
('Cloudbreak', or 'the Company')
Agreement with Lonestar
Lithium Inc.
Cloudbreak Discovery Plc, (LSE: CDL),
the natural resource project
generator, is pleased to announce that
it has signed an Exploration Agreement for the acquisition of its
proprietary database of lithium targets in the State of
Texas.
Smackover Resources LLC,
("Smackover"), a wholly owned subsidiary of Lonestar Lithium Inc.,
("Lonestar"), has purchased the proprietary database with regional
modelling and data compilation across eastern Texas from
Cloudbreak. The terms of the transaction include;
· 2.0m
shares in Lonestar
· USD$25,000 each time a Qualifying Transaction property is
generated from the database.
· 0.5%
Royalty produced lithium on each Qualifying Transaction
property
· Agreement is for 3 years from Effective Date
Andrew Male, Director, Interim CEO,
states: "This Exploration Agreement is a good example of the type
of transactions Cloudbreak has completed in the past and will
continue to do with a sector of its asset base. It took
considerable time and effort to compile this database and being
able to sell this on to Lonestar demonstrates the possible
valuation accretion by doing this type of business."
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
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For additional information please
contact:
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Cloudbreak Discovery PLC
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Tel: +44 792 6 397675
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Andrew Male, Interim CEO
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am@cloudbreakdiscovery.com
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Novum Securities
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Tel: +44 7399 9400
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(Financial Adviser)
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David Coffman / George
Duxberry
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Oberon Capital
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Tel: +44 20 3179 5355 /
+44 20 3179 5315
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(Broker)
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Nick Lovering / Adam
Pollock
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About Cloudbreak Discovery
PLC
Cloudbreak Discovery PLC is a
leading natural resource project generator and royalty business.
Cloudbreak is focused on 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 energy sector to acquire
minority 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 key to the
energy transition.
Cloudbreak's generative model across
the energy and 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.