09 August
2022
Marechale Capital
Plc
(“Marechale” or the “Company”)
Marechale
Completes Fundraise for Weardale Lithium
Publication of
Final Results
Marechale Capital Plc (AIM: MAC), an established
City of London based corporate
finance house with a long-term track record and a strong reputation
for advising and financing high growth consumer brands, leisure,
clean energy, mineral extraction and technology companies, is
pleased to announce that it has completed a first close fundraise
of equity for the lithium exploration and development company,
Weardale Lithium Ltd (“Weardale”), at a significantly higher
valuation to the successful fund raising last year. Post close,
Marechale owns an 8.5% interest in Weardale.
Weardale is a lithium exploration and development business based
in the Weardale Valley, County
Durham in the north of England. Lithium is globally acknowledged as a
critical mineral which is integral to the green transition. The
mineral is a key component in batteries which can be used in
electric vehicles and energy storage. As the UK government
implements its climate strategy, Weardale presents an opportunity
to develop a domestic supply of a critical raw material.
Patrick Booth-Clibborn, CEO of
Marechale Capital, commented: “We are delighted with the result
of the fundraise and the response from shareholders and new
investors, which included experienced mining and private equity
fund managers.
“In the current climate, and as we look towards the future,
there is a clear appetite for companies which are integral to the
green transition, and we are pleased to have assisted Weardale as
it advances its lithium brine projects in the North East of
England.
“The successful fundraise follows Weardale’s North East Future
Resource Conference which Marechale co-sponsored. We look forward
to continuing to work closely with Weardale and remain confident in
the potential uplift value for Marechale shareholders in Weardale
Lithium, as well as our other clean energy, technology and
hospitality investments.”
Publication of Final Results
The Company can confirm that its final results for the year
ended 30 April 2022 will be announced
towards the end of August 2022. A
copy of the results will be sent to shareholders and an electronic
copy will be available on the Company website at
www.marechalecapital.com
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
-ENDS-
For further information please
contact:
Marechale Capital plc
Mark Warde-Norbury / Patrick Booth-Clibborn |
Tel: +44 (0)20 7628
5582 |
Cairn Financial Advisers LLP
(Nomad)
Jo Turner / Sandy Jamieson |
Tel: +44 (0)20 7213
0880 |
BlytheRay (Financial
PR)
Tim Blythe / Megan Ray / Madeleine Gordon-Foxwell |
Tel: +44
(0)78 7574 4070
marechalecapital@blytheray.com |
About Marechale Capital
Marechale is an established City of
London based corporate finance house, with a long-term track
record and a strong reputation in advising & financing high
growth consumer brands, leisure, clean energy, and technology
companies. The Company uses its balance sheet to co-invest in its
client companies, along with warrants and founder equity, in order
to create shareholder value.
Cautionary statement
Certain statements made in this announcement are forward-looking
statements. Such statements are based on current expectations and
assumptions and are subject to a number of risks and uncertainties
that could cause actual events or results to differ materially from
any expected future events or results expressed or implied in these
forward-looking statements. Persons receiving this announcement
should not place undue reliance on forward-looking statements.
Unless otherwise required by applicable law, regulation or
accounting standard, the Company does not undertake to update or
revise any forward-looking statements, whether as a result of new
information, future developments or otherwise.