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The latest announcement is out from Cobre Limited ( (AU:CBE) ).
Cobre Limited has announced the completion of a two-tranche placement raising $500,000 and a fully underwritten Loyalty Options Rights Issue aimed at raising up to AU$1.18 million. This strategic move is part of Cobre’s refreshed growth strategy to unlock the potential of its tier-1 copper assets in Botswana, rewarding loyal shareholders and aligning with the company’s capital structure for sustainable growth and high-impact exploration.
More about Cobre Limited
Cobre Limited is an exploration and development company focusing on copper assets in Botswana, particularly in the Kalahari Copper Belt. The company employs a capital-light, catalyst-rich strategy to maximize discovery potential while minimizing shareholder dilution.
Average Trading Volume: 493,019
Technical Sentiment Signal: Sell
Current Market Cap: A$20.22M
For a thorough assessment of CBE stock, go to TipRanks’ Stock Analysis page.