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Kobrea Exploration Corp. ( (TSE:KBX) ) has issued an announcement.
Kobrea Exploration Corp. has completed the next payment under its option agreement for the Western Malargüe Copper Projects in Argentina, consisting of a cash payment and issuance of common shares. This payment is part of a staged process to acquire a 100% interest in the projects, which are subject to a net smelter return royalty. The completion of this payment marks progress in Kobrea’s strategic expansion in the copper exploration sector, potentially enhancing its market position and offering promising opportunities for stakeholders.
More about Kobrea Exploration Corp.
Kobrea Exploration Corp. is a mineral exploration and development company focused on acquiring and exploring base metal projects. The company holds the right to earn a 100% interest in seven projects in southwestern Mendoza Province, Argentina, which are highly prospective for porphyry copper and porphyry copper-gold deposits. Kobrea also owns the Upland Copper Project in British Columbia, Canada.
Average Trading Volume: 57,135
Technical Sentiment Signal: Buy
Current Market Cap: C$17.53M
For a thorough assessment of KBX stock, go to TipRanks’ Stock Analysis page.