RE: Planning Permission approved29 Jan 2025 09:49
The below statement was in the last EOY report. The map is currently below the initial valuation, which was pre-planning permission (which is what was holding it back as people thought the NIMBY's might win). So you can double or treble the investment case, as a minimum. Current mcap around £2.5m!!!
Weardale Lithium Ltd is Marechale’s largest investment, comprising 500,000 founder shares and 20,800 options with a combined value of £3.0 million which has been recorded in the Balance Sheet. Weardale has proved lithium reserves in its secured mineral rights in Co. Durham and has submitted a planning application to build a pilot plant to utilise its existing boreholes. Marechale remains optimistic for a positive future outcome on this investment.