Cobra Resources Plc ( (GB:COBR) ) has provided an announcement.
Cobra Resources Plc announced the successful passing of all resolutions at its General Meeting, allowing the company to proceed with the allotment and issue of Tranche 2 Conditional Placing Shares and Tranche 2 Placing Shares, pending the publication of a secondary prospectus. This development is a strategic step for Cobra as it continues to advance its rare earth elements project in South Australia, potentially enhancing its market positioning and value for stakeholders.
More about Cobra Resources Plc
Cobra Resources Plc is a mineral exploration and development company focused on advancing a potentially world-class ionic Rare Earth Elements discovery at its Boland Project in South Australia. The company is pioneering the use of in situ recovery (ISR) mining, a low-cost, low-disturbance method, to exploit its rare earth deposit, which is the only one in Australia amenable to this technique. Additionally, Cobra’s Wudinna tenements contain significant orogenic gold mineralization, including a 279,000 Oz gold JORC Mineral Resource Estimate, suitable for open pit mining.
Average Trading Volume: 1,605,595
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £8.8M
See more data about COBR stock on TipRanks’ Stock Analysis page.