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Cobra Resources Plc ( (GB:COBR) ) has issued an update.
Cobra Resources PLC has announced successful results from their flowsheet optimization studies at the Boland project, aimed at reducing costs and maximizing the value of strategic rare earth elements, particularly dysprosium and terbium. The company has demonstrated the ability to remove up to 90% of cerium from the solution before MREC precipitation, which simplifies the REE separation process and increases product value and marketability. This advancement is expected to enhance Cobra’s market resilience and cost efficiency, making their product more attractive to customers and strengthening their position in the rare earth elements industry.
More about Cobra Resources Plc
Cobra Resources PLC is a South Australian mineral exploration and development company focused on the extraction and optimization of strategic rare earth elements (REEs) through in situ recovery (ISR) methods. Their primary market focus is on producing a Mixed Rare Earth Carbonate (MREC) from their Boland project, which involves the separation of valuable dysprosium and terbium.
Average Trading Volume: 3,199,905
Technical Sentiment Signal: Buy
Current Market Cap: £34.03M
See more data about COBR stock on TipRanks’ Stock Analysis page.