Image source: © 2025 Krish Capital Pty. Ltd.

Highlights

  • US asset sale completed to G2 Energy Corp., removing liabilities and boosting balance sheet.

  • £300,000 strategic placing secured at 0.25p per share with institutional investor.

  • Proceeds earmarked to accelerate asset portfolio growth and support working capital.

Cloudbreak Discovery Plc (LSE:CDL), the London-listed natural resource project generator, has confirmed the completion of negotiations to sell its US-based assets to G2 Energy Corp., marking a significant step in refocusing its portfolio.

Asset Sale Details

The agreement relates to Cloudbreak’s Masten Unit Energy Project in Texas. Under the terms, the Company will receive £50,000 on signing, followed by an additional £50,000 in staged payments over the next five months. Importantly, Cloudbreak will no longer carry any current or future liabilities associated with the US assets, while also removing an immediate £75,000 outstanding liability from its balance sheet.

The Company emphasised that the sale boosted its financial position by eliminating debt exposure while providing upfront and near-term cash inflows.

£300,000 Institutional Placing

Alongside the asset sale, Cloudbreak has secured £300,000 in gross proceeds through a placing of 120 million new ordinary shares at 0.25 pence per share with a new strategic institutional investor. The funds will be directed towards accelerating asset portfolio enhancement and general working capital.

Application has been made for the Placing Shares to be admitted to the Official List (Equity Shares – transition category) and trading on the Main Market of the London Stock Exchange, expected on or around 28 August 2025. Upon admission, the Company’s issued share capital will comprise 1,373,075,632 ordinary shares, representing the new total voting rights.