Cloudbreak Discovery: London’s only battery metals prospect generator
- Cloudbreak Discovery signs up explorer for Atlin West gold-silver project
- Cloudbreak stands out from the crowd as London’s only prospect generator in battery metals and bulks
- CloudBreak Discovery 'very encouraged' by borate project under a deal negotiated by Temas Resources
Quick facts: Cloudbreak Discovery PLC
Price: 2.25 GBX
Market Cap: £8.77 m
About the company
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.
Diversification within the mining sector and amongst resource classes is key to withstanding the cycles of natural resource investing.
How it is doing
The new partner, 1315843 BC Ltd, joins ‘project generator’ Cloudbreak for the venture to explore the recently staked Atlin West acreage which is located around 14 kilometres from Atlin and is seen as potentially hosting polymetallic vein systems.
"We are excited to explore the promising Atlin West Project with this group,” said Cloudbreak chief executive Kyler Hardy.
“Using Cloudbreak's expertise, coupled with that of 1315843 BC Ltd.'s, we believe that modern exploration applied to this claim group could further expand on the geologic picture and understanding of the potential currently only highlighted by limited prospecting to date.”
Cloudbreak Discovery PLC (LON:CDL) has appointed Rory Kutluoglu as chief operating officer, Cam Bartsch as vice president of exploration and Henrik Mikkelsen as vice president of corporate development.
Kutluoglu is a Canadian geologist with more than 15 years of exploration experience in a wide variety of commodities across Europe and North and South America. He currently works on the technical team with Cronin Capital Corp., a Canadian merchant bank focused exclusively on natural resources which advises Cloudbreak on target acquisitions and potential joint ventures. He is a director of Temas Resources Corp., a company in which Cloudbreak owns 15.8%.
Cloudbreak Discovery PLC (LON:CDL) said its strategic alliance with Alianza Minerals Ltd (TSX-V:ANZ) acquired its first project, the Klondike Property in Colorado, US.
The company said Klondike is an 843-hectare property covering the Paradox basin sedimentary package in San Miguel County and is known to host sediment-hosted copper deposits in the emerging Paradox Copper Belt.
Insight: Cloudbreak stands out from the crowd as London’s only prospect generator in...
As a ‘prospect generator’ the company will source and transact on mineral properties, following a business model that’s well-known in Canada, but which is less well established in the UK.
What management says
The firm has taken an indirect stake in a borate project under a deal negotiated by Temas Resources, a company in which it holds a 15.8% stake.
Temas has entered into a definitive option and joint venture agreement for the development of Erin Ventures’ Piskanja borate project in Serbia.
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