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Cobra Resources Plc ( (GB:COBR) ) has issued an update.
Cobra Resources PLC announced an update on its share capital and the exercise of warrants, resulting in the issuance of 7,460,165 new ordinary shares, bringing the total share capital to 932,342,594 ordinary shares. The exercise of warrants, including those by company directors, raised £223,804.95, and the new shares will be admitted to trading on the London Stock Exchange, enhancing the company’s financial position and market presence.
More about Cobra Resources Plc
Cobra Resources is a South Australian critical minerals developer focused on advancing assets at all stages of the pre-production pathway. The company is involved in the development of the Boland ionic rare earth discovery at the Wudinna Project, known for its suitability for in situ recovery mining, and has expanded its portfolio with the Manna Hill Copper Project.
Average Trading Volume: 3,569,134
Technical Sentiment Signal: Buy
Current Market Cap: £36.52M
For a thorough assessment of COBR stock, go to TipRanks’ Stock Analysis page.