Business
Final Results for 2022 & Notice of AGM
Final Results for 2022 & Notice of AGM.
About this update from Cloudbreak Discovery Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 31 October 2022\n \n \n Cloudbreak Discovery Plc\n \n \n (\"Cloudbreak\" or the \"Company\")\n \n \n \n \n \n Final Results for the Year Ended 30 June 2022\n \n \n Notice of AnFnual General Meeting\n \n \n \n \n \n Cloudbreak Discovery PLC (LSE: CDL),\n a leading natural resources project generator with a particular focus on commodities key to the energy transition, is pleased to announce its final results for the year ended 30 June 2022 (\"FY22\" or the \"Period\").\n \n \n \n \n \n Period Highlights\n \n \n Company Updates\n \n \n ·\n Successful fundraise of £1.5 million to progress projects and execute on royalty acquisitions which provide near-term cashflow for the Company\n \n \n ·\n Strengthened the Board by appointing Paul Gurney, who was previously a Managing Director at the Bank of Montreal (\"BMO\"), a top 10 bank in North America\n \n \n Projects\n \n \n ·\n Staked and initiated an exploration programme on the Northwest Portfolio which targets polymetallic projects in northwestern British Columbia (\"BC\")\n \n \n o \n Optioned the Yak, Atlin West, Rizz and Icefall projects, which are part of the Northwest Portfolio, to partners\n \n \n o \n Commenced a high-resolution magnetic survey over the Northern Treasure, Rizz, Icefall and Atlin West projects\n to identify mineralised structures\n \n \n ·\n Cloudbreak and Alianza Minerals Ltd formed a strategic alliance (the \"Alliance\") focused on copper exploration in the United States\n \n \n o \n The Alliance staked the Klondike and Stateline properties in Colorado, and subsequently optioned both projects to Allied Copper Corp\n \n \n ·\n Optioned the South Timmins gold project, located in Ontario, to 1315956 BC Ltd now Calidus Resources Corp\n \n \n ·\n Entered into a Mineral Application Cooperation Agreement to jointly work towards submission of an application to acquire Petroleum Exploration License 1724 (\"Block 1724\"), located onshore Namibia\n \n \n ·\n Entered into a separate agreement to submit a petroleum development agreement for Petroleum Exploration Licence Block 2019 (\"Block 2019\"), targeting the Waterberg basin located in central northeast Namibia\n \n \n ·\n Staked the Foggy Mountain project in central BC, which\n lies along a mineralized corridor containing se...