Cloudbreak Discovery PLC Final Results for the Year Ended 30 June 2021 (0371X)
30 Diciembre 2021 - 1:00AM
UK Regulatory
TIDMCDL
RNS Number : 0371X
Cloudbreak Discovery PLC
30 December 2021
30 December 2021
Cloudbreak Discovery Plc
("Cloudbreak" or the "Company")
Final Results for the Year Ended 30 June 2021
Cloudbreak Discovery Plc (LSE: CDL), a natural resource project
generator, is pleased to announce its final results for year ended
30 June 2021 ("FY21" or the "Period"). A full copy of the results
is available on the company website.
Period Highlights
-- Admission to the Main Market of the London Stock Exchange
following a successful, oversubscribed, GBP2 million fundraising at
3p per share
-- Change of name to Cloudbreak Discovery Plc
-- Formation of a strategic alliance with Alianza Minerals Ltd
(the "Alliance") to explore for copper deposits in the Southern
United States
-- Temas Resources Corp., in which Cloudbreak has a 14.2 per
cent interest, entered into a joint venture with Erin Ventures Inc.
("Erin Ventures") for the development of Erin Ventures' Piskanja
Borate Project located in Serbia
Post Period Highlights
-- The Alliance made its first acquisition, the Klondike Property ("Klondike"), in Colorado
o A subsequent sampling programme expanded the known copper
mineralisation and delineated a new copper target with results
including 1.56% copper from a 4.6 metre chip sample
o The Alliance optioned Klondike to Allied Copper Corp. ("Allied
Copper") under an agreement which includes Allied Copper committing
to exploration expenditure and the Alliance retaining a net smelter
royalty
-- Cloudbreak initiated an exploration programme on the
Northwest Portfolio which targets polymetallic projects in
Northwestern British Columbia ("BC")
-- The Alliance made its second acquisition with the Stateline
Property ("Stateline") in Utah which has 22 unpatented mining
claims. Mineralisation and host rocks at Stateline bear strong
resemblance to those at the Lisbon Valley Mining Complex
-- Optioned the Atlin West Project in BC, which targets gold and
silver mineralisation in polymetallic vein systems, and the South
Timmins Project in Ontario, which is targeting lode gold
mineralisation, to 1315956 BC Ltd
-- Optioned the Yak Project, which targets gold mineralisation in BC, to Moonbound Mining Ltd
Commenting on the results, Kyler Hardy, CEO said: "Since listing
on the Main Market earlier this year, Cloudbreak has been
successfully executing its business model with 13 out of our 17
assets now optioned to partners. Through our strategic alliance and
partnerships, we can expect an active year ahead with sampling and
testing results from several projects. We look forward updating
shareholders as our projects continue to advance."
Financials
-- The loss of the Group for the year ended 30 June 2021 amounts
to GBP902,060 (30 June 2020: GBP1,073,538)
-- GBP1,277,617 in cash and cash equivalents held at the period
end (30 June 2020: GBP6,478). The higher level of cash is
attributable to fundraising activities completed during
Admission
-- Administrative costs as a percentage of total assets of 14.1
per cent, a decrease compared to 20.2 per cent for period ended 30
June 2020
-- Exploration and evaluation cash expenditures amount to GBP29,675 (30 June 2020: GBPNIL)
-- GBP4,353,318 carrying value of investments held at the period end (30 June 2020: GBP28,306)
-- Consolidated loss per share or the period ended 30 June 2021 was GBP0.85
-ENDS-
For additional information please contact:
Cloudbreak Discovery Tel: +1 604 428
PLC 9480
Kyler Hardy, CEO khardy@cloudbreakdiscovery.com
Henrik Mikkelsen, hmikkelsen@cloudbreakdiscovery.com
VP Corporate Development
Novum Securities Tel: +44 7399 9400
(Financial Adviser)
David Coffman /
Lucy Bowden
Shard Capital Partners Tel: +44 207 186
(Broker) 9900
Damon Heath / Isabella
Pierre
Blytheweigh Tel: +44 207 138 Cloudbreak@blytheweigh.com
(Financial PR/IR-London) 3204
Tim Blythe
Megan Ray
Stellium Services Tel: +44(0)207 129 Cloudbreak@StelliumServices.com
(Investor Relations) 1205
www.StelliumServices.com Andrew Wilson
Claire Bowden
About Cloudbreak Discovery PLC
Cloudbreak Discovery PLC, is a leading natural resource project
generator, working across a wide array of mineral assets that are
being developed and managed by an experienced team with a proven
track record. Value accretion within the projects being developed
by Cloudbreak's generative model enables a multi-asset approach to
investing and exploration. Diversification within the mining sector
and amongst resource classes is key to withstanding the cycles of
natural resource investing.
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