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Kobo Resources Inc. ( (TSE:KRI) ) has issued an announcement.
Kobo Resources Inc. announced a non-brokered private placement to raise up to $3.0 million, aiming to issue 10,000,000 units at $0.30 per unit. The funds will support the company’s exploration initiatives at the Kossou Gold Project, focusing on expanding known mineralization zones and advancing geological surveys. The offering is expected to close by early September 2025, subject to necessary approvals, and will help enhance Kobo’s strategic exploration and development activities in Côte d’Ivoire.
The most recent analyst rating on (TSE:KRI) stock is a Buy with a C$0.55 price target. To see the full list of analyst forecasts on Kobo Resources Inc. stock, see the TSE:KRI Stock Forecast page.
More about Kobo Resources Inc.
Kobo Resources Inc. is a growth-focused gold exploration company operating in Côte d’Ivoire, a prominent gold district in West Africa. The company owns the Kossou Gold Project, located near Yamoussoukro, and is adjacent to a major gold mine with processing facilities. Kobo has conducted extensive drilling and trenching to explore high-priority gold targets, and it is expanding its exploration efforts in the region.
Average Trading Volume: 53,068
Technical Sentiment Signal: Buy
Current Market Cap: C$29.27M
For a thorough assessment of KRI stock, go to TipRanks’ Stock Analysis page.