Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
The latest update is out from Cobra Resources Plc ( (GB:COBR) ).
Cobra Resources Plc has announced its final results for the year ended 31 December 2024, highlighting significant progress at its Boland Project. The company has completed a sonic core drilling program and installed a wellfield for hydrological studies, supporting future ISR pilot trials. Cobra has also acquired full ownership of the Wudinna Project and obtained new tenements, expanding its exploration footprint. The company raised £2.3m to advance Boland towards commercialisation and successfully produced a potentially saleable Mixed Rare Earth Carbonate at laboratory scale. These developments position Cobra to capitalize on the rare earth market, aiming to become a cost-competitive ISR rare earth mine outside China.
More about Cobra Resources Plc
Cobra Resources Plc is a mineral exploration and development company focused on advancing the Boland Project in South Australia. The company is engaged in discovering and developing ionic Rare Earth Elements (REEs) and possesses extensive orogenic gold mineralisation. Cobra aims to leverage in situ recovery (ISR) mining, a low-cost and environmentally friendly extraction method, to enhance the economic viability of its projects.
YTD Price Performance: 6.82%
Average Trading Volume: 1,118,516
Technical Sentiment Signal: Sell
Current Market Cap: £10.31M
See more insights into COBR stock on TipRanks’ Stock Analysis page.