{"id":126398,"title":"Cloudbreak Discovery Shares Surge on £600,000 Fundraise Backed by Institutions","publisher":"Share Talk","author":"sharetalk","published":"2025-08-28T10:28:46+00:00","modified":"2025-08-28T10:28:46+00:00","canonical_url":"https://www.share-talk.com/cloudbreak-discovery-shares-surge-on-600000-fundraise-backed-by-institutions/","markdown_url":"https://www.share-talk.com/cloudbreak-discovery-shares-surge-on-600000-fundraise-backed-by-institutions.md","json_url":"https://www.share-talk.com/cloudbreak-discovery-shares-surge-on-600000-fundraise-backed-by-institutions.json","category":"Mining","categories":["Mining"],"tags":["CDL","Cloudbreak Discovery","Darlot West Gold Project","Tom Evans"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/08/cdl-21-aug.webp?fit=1200%2C800&quality=80&ssl=1","format":"news","language":"en-GB","content":"[Cloudbreak Discovery PLC (LSE:CDL, OTC:CDBDF)](https://www.investegate.co.uk/announcement/rns/cloudbreak-discovery--cdl/placing-of-600-000/9076523) saw its shares climb by more than **20% on Thursday morning** after securing fresh backing from institutional investors.\n\nThe exploration company raised **£600,000 through a placing** at **0.475p per share**, supported by one existing shareholder and two new investors, including a **US-based mining-focused fund**.\n\nManaging director **Tom Evans** welcomed the outcome, commenting:\n\n> “I am delighted by the support provided by the strategic new and long-term shareholders of the company. This placing enables us to greatly accelerate the work programme planned at our recently announced increased acreage at Darlot West, and further, to crystallise some exciting opportunities the company has already negotiated exclusivity on.”\n\nIn London, Cloudbreak shares were up around **22% at 0.69p**, extending a remarkable run that has left the stock **over 330% higher in the past two weeks**, fuelled by optimism around the [Darlot West project](https://www.share-talk.com/shares-in-cloudbreak-discovery-jump-more-than-175-on-encouraging-assay-results/)."}