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Cobra Resources Sells Wudinna Gold Assets to Focus on Rare Earth Project

Story Highlights
  • Cobra Resources sells Wudinna Gold Assets to Barton Gold for up to A$15 million.
  • The transaction allows Cobra to focus on its Boland HREE Project while retaining interest in gold assets.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Cobra Resources Sells Wudinna Gold Assets to Focus on Rare Earth Project

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Cobra Resources Plc ( (GB:COBR) ) just unveiled an update.

Cobra Resources PLC has entered into a conditional sale agreement with Barton Gold Holdings Ltd to sell its Wudinna Gold Assets for up to A$15 million, subject to shareholder approval. This transaction allows Cobra to focus on its Boland HREE Project while maintaining an indirect interest in the gold assets through shares in Barton Gold. The deal strengthens Cobra’s financial position and strategic options, enabling it to capitalize on the potential of its rare earth project while benefiting from the growth of Barton Gold’s expanded resource base.

More about Cobra Resources Plc

Cobra Resources PLC is a mineral exploration and development company focused on advancing its Boland Heavy Rare Earth Element project in South Australia. The company is involved in the discovery and development of ionic Heavy Rare Earth Elements, which are critical for various high-tech applications.

Average Trading Volume: 1,251,632

Technical Sentiment Signal: Strong Buy

Current Market Cap: £13.17M

See more data about COBR stock on TipRanks’ Stock Analysis page.

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