Cobra Resources Advances High-Grade REE Project

Cobra Resources Plc (GB:COBR) has released an update.

Cobra Resources Plc has recently announced promising re-assay results which confirm high-grade rare earth element (REE) mineralization over a large scale at their Boland prospect within the Wudinna Project in South Australia. These findings coincide with the successful completion of a £600,000 fundraising effort, aimed at further developing their mining strategy, particularly the low-cost in situ recovery (ISR) method. The company has drawn attention to the potential of Boland to significantly impact the cost and environmental aspects of magnet and heavy REE mining.

For further insights into GB:COBR stock, check out TipRanks’ Stock Analysis page.