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Cobra Resources Plc ( (GB:COBR) ) just unveiled an announcement.
Cobra Resources Plc has completed the sale of its Wudinna Gold Assets to Barton Gold Holdings Ltd, receiving an initial payment of A$1 million in cash and shares. This transaction marks a significant milestone for Cobra, enabling further cash and share payments and allowing Barton Gold to commence exploration and resource expansion, potentially enhancing the value of Cobra’s shareholding in Barton Gold.
More about Cobra Resources Plc
Cobra Resources Plc is a mineral exploration and development company focused on advancing a potentially world-class ionic Heavy Rare Earth Element (HREE) discovery at its Boland Project in South Australia. The company is pioneering the use of in situ recovery (ISR) mining for rare earths, a low-cost, low-disturbance method that eliminates the need for excavation. Cobra’s assets also include extensive orogenic gold mineralization, with a significant gold resource estimate at its Wudinna tenements.
Average Trading Volume: 2,332,463
Technical Sentiment Signal: Buy
Current Market Cap: £32.92M
For an in-depth examination of COBR stock, go to TipRanks’ Overview page.