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The latest update is out from Cobre Limited ( (AU:CBE) ).
Cobre Limited has secured a strategic investment of A$4 million from Tribeca Investment Partners to accelerate the development of its Ngami In-Situ Copper Recovery Project in Botswana. This investment will fund well-field development and further exploration, positioning Cobre as a potential upcoming copper producer in the Kalahari Copper Belt. Tribeca will also serve as a strategic advisor for copper offtake and debt funding, enhancing Cobre’s operational capabilities and market positioning.
More about Cobre Limited
Cobre Limited is a company operating in the mining industry, focusing on the exploration and development of copper projects. It is primarily engaged in projects located in the Kalahari Copper Belt in Botswana, with a market focus on copper production. The company has multiple projects, some of which are funded by partners such as BHP and Sinomine.
Average Trading Volume: 894,347
Technical Sentiment Signal: Buy
Current Market Cap: A$43.2M
For an in-depth examination of CBE stock, go to TipRanks’ Overview page.