TIDMMAC 
 
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                            Tel: +44 (0)20 7628 5582 
Mark Warde-Norbury / Patrick Booth-Clibborn 
 
Cairn Financial Advisers LLP (Nomad)             Tel: +44 (0)20 7213 0880 
Jo Turner / Sandy Jamieson 
 
BlytheRay (Financial PR)                         Tel: +44 (0)78 7574 4070 
Tim Blythe / Megan Ray / Madeleine               marechalecapital@blytheray.com 
Gordon-Foxwell 
 
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. 
 
 
 
END

(END) Dow Jones Newswires

August 09, 2022 02:00 ET (06:00 GMT)

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