Marechale shares up as investee Weardale brings in former UK minister

Tue, 02nd Jun 2026 13:30

(Alliance News) - Shares in Marechale Capital PLC jumped on Tuesday after Weardale Lithium Ltd appointed former UK government minister Michael Fallon as a senior advisor.

London-based Marechale is an adviser and financing provider for consumer brands, leisure, clean energy, mineral extraction and technology companies.

As of August 2025, Marechale held around 8% of Weardale's share capital, its largest investment, comprising 467,000 founder shares and 20,800 options with a combined value of GBP2.9 million.

Shares in Marechale soared 23% to 2.40 pence each in London on Tuesday.

On Tuesday, Weardale said Fallon's appointment strengthens its strategic capability. Fallon served in UK government for more than three decades, as Secretary of State for Defence and as Minister of State for Business and Energy.

He was MP for Darlington in the 1980s and early 1990s, providing him with knowledge of the North East region where Weardale Lithium is developing its project in County Durham.

Located at a brownfield site in Eastgate, Weardale Lithium is developing a commercial lithium extraction facility from geothermal brines to produce battery grade lithium carbonate. Planning approval has been granted for a two-phase development, enabling commercial scale-up and represents the UK's largest permitted lithium extraction project.

Fallon said: "Weardale Lithium is operating in a sector of growing national importance and I look forward to supporting the company as it continues to develop its plans in the North East of England."

By Jeremy Cutler, Alliance News reporter

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