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Cobra Resources Plc ( (GB:COBR) ) has provided an announcement.
Cobra Resources Plc has announced the acquisition of new exploration licenses, expanding its landholding for the Boland Rare Earth Project by 36%. This significant expansion increases the resource growth potential of the project, which is strategically positioned for low-cost, environmentally friendly in situ recovery mining. The acquisition strengthens Cobra’s position in the rare earths market, with plans to rapidly advance drilling and resource expansion efforts.
More about Cobra Resources Plc
Cobra Resources Plc is a mineral exploration and development company focused on advancing its Boland Project in South Australia. The company is working on a potentially world-class ionic Rare Earth Elements (REEs) discovery, enriched with dysprosium and terbium, and is the only rare earth project in Australia amenable to in situ recovery (ISR) mining. Cobra is also involved in gold mineralization projects within its Wudinna tenements.
Average Trading Volume: 1,179,481
Technical Sentiment Signal: Buy
Current Market Cap: £12.51M
Find detailed analytics on COBR stock on TipRanks’ Stock Analysis page.