Cloudbreak Discovery PLC (LSE:CDL) said it decided to draw down £180,000 of a £10mln equity facility to advance its acquisitions of energy royalties, lithium assets and bauxite projects globally.
It issued 12 million new shares at 1.5 pence each, a 13% premium on yesterday's closing share price of 1.33 pence.
Cloudbreak entered into a £10mln equity drawdown agreement with Crescita Capital LLC in February 2021.
Cloudbreak focuses on natural resources key to the energy transition.