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An update from Kobrea Exploration Corp. ( (TSE:KBX) ) is now available.
Kobrea Exploration Corp. has announced an increase in its private placement offering from $5 million to $8.5 million, with the addition of a $3.5 million non-brokered offering. This funding will be used for drilling and exploration at their projects in Mendoza Province, Argentina, as well as for working capital and general corporate purposes. The offering is expected to close by the end of September 2025, pending regulatory approvals, and aims to strengthen Kobrea’s exploration capabilities and market positioning.
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 considered highly prospective for porphyry copper and porphyry copper-gold deposits.
Average Trading Volume: 59,600
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$19.56M
For a thorough assessment of KBX stock, go to TipRanks’ Stock Analysis page.