- Lions Bay Capital Inc. (LBI) announced that the value of the company’s listed investment portfolio was $10.9 million
- Lions Bay has realized profits on two of its main investments, Elementos Ltd. and South Hartz Potash
- Lions Bay Capital is focused on public and private investment opportunities in the mining, clean energy, and clean technology sectors
- Lions Bay Capital (LBI) opened trading at C$0.095 per share
Lions Bay Capital (LBI) announced the value of the company’s listed investment portfolio as of May 31, 2022.
The portfolio was valued at $10.9 million or an investment value of $0.08 per common share.
Lions Bay has realized profits on two main investments, Elementos Ltd. and South Hartz Potash.
The profits were used to reduce debt and increase the overall exposure to gold. Lions Bay`s main investment now is a holding of 41.3 million common shares with a fair value of $4.3 million
Lions Bay’s second-largest shareholding is in Elementos Ltd., which held 4.5 million shares with a value of $2.8 million. Elementos is currently completing a bankable feasibility study on the Oropesa tin deposit in Spain.
Lions Bay also holds 167 million shares and 54 million warrants in Parkway Minerals Ltd; 51 million shares and 8.6 million warrants in Kalina Power Ltd; and 5.7 million shares in South Hartz Potash.
Recently, Lions Bay entered into a farm in agreement with Savic Pty Ltd to earn up to a 50 per cent interest in a promising rare earths project in Western Victoria Australia by spending AUD $5 million over three years.
Lions Bay has also been providing seed capital to Epic Minerals Ltd. which is planning a listing on the ASX in the next year.
Lions Bay Capital is focused on public and private investment opportunities in the mining, clean energy, and clean technology sectors.
Lions Bay Capital (LBI) opened trading at C$0.095 per share.