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Cobra Resources Plc ( (GB:COBR) ) just unveiled an announcement.
Cobra Resources PLC has published a prospectus related to the shareholder-approved conditional placing of 77,992,439 new ordinary shares, with the admission to the London Stock Exchange expected by 25 March 2025. This move is part of Cobra’s strategy to advance its rare earth elements project in South Australia, potentially impacting its market position by leveraging its innovative mining methods and expanding its mineral resource base. The company’s issued share capital will consist of 877,863,899 ordinary shares upon admission, providing stakeholders with a clear view of voting rights and shareholding structure.
More about Cobra Resources Plc
Cobra Resources PLC is a mineral exploration and development company focused on advancing a potentially world-class ionic Rare Earth Elements discovery at its Boland Project in South Australia. The company is pioneering the use of in situ recovery (ISR) mining, a low-cost, low-disturbance method, to extract rare earth elements without excavation. Additionally, Cobra’s Wudinna tenements contain significant orogenic gold mineralization, with a 279,000 Oz gold JORC Mineral Resource Estimate, suitable for open pit mining.
YTD Price Performance: -9.09%
Average Trading Volume: 1,212,226
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £8M
Find detailed analytics on COBR stock on TipRanks’ Stock Analysis page.