tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Cloudbreak Finalises WA Gold Acquisitions with New Share Issue

Story Highlights
  • Cloudbreak Discovery has secured full ownership of three Western Australia gold projects through issuing 117 million new shares.
  • The acquisitions position the explorer for near-term drilling and potential value creation amid a supportive gold price, with share capital rising 8.33%.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Cloudbreak Finalises WA Gold Acquisitions with New Share Issue

Claim 50% Off TipRanks Premium

Cloudbreak Discovery PLC ( (GB:CDL) ) has issued an update.

Cloudbreak Discovery PLC has completed the acquisition of the Darlot West Gold Project, its Darlot West expansion tenements and the Crofton Gold Project in Western Australia by issuing 117 million new ordinary shares, giving the company full ownership of these gold assets in a leading global gold jurisdiction. Management highlighted strong recent exploration results and near-term drilling plans at Darlot, expressing confidence that the newly consolidated portfolio and favourable gold price environment can support meaningful discoveries and enhance shareholder value, while the share issuance increases the company’s issued capital by 8.33% and brings total voting rights to 1.52 billion shares ahead of admission of the new stock to trading in London on 26 January 2026.

The most recent analyst rating on (GB:CDL) stock is a Hold with a £0.66 price target. To see the full list of analyst forecasts on Cloudbreak Discovery PLC stock, see the GB:CDL Stock Forecast page.

Spark’s Take on GB:CDL Stock

According to Spark, TipRanks’ AI Analyst, GB:CDL is a Neutral.

The score is held down primarily by weak financial performance (no revenue, ongoing losses/cash burn, and negative equity in 2025). Offsetting this are constructive technical trends (price above major moving averages) and a string of positive corporate developments around project acquisitions and exploration progress, while valuation remains challenged due to loss-making results.

To see Spark’s full report on GB:CDL stock, click here.

More about Cloudbreak Discovery PLC

Cloudbreak Discovery PLC is a London-listed resource exploration company focused on gold, precious and base metals, with a primary emphasis on mineral exploration in Western Australia. Through its wholly owned subsidiaries, the company aims to develop a portfolio of mineral assets, generate new high-value commodity projects and bring near-term cashflow to drive shareholder value using a multi-asset, generative model across the mineral sector.

Average Trading Volume: 13,310,433

Technical Sentiment Signal: Buy

Current Market Cap: £9.12M

Find detailed analytics on CDL stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1