Cobra Resources Director Ups Shareholding Amid Project Advancements

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

Cobra Resources Plc, a mineral exploration company, reports that Director David Clarke has increased his stake by purchasing 1,250,000 shares, now holding 9.73% of the company. These acquisitions coincide with Cobra’s advancement of a significant ionic Rare Earth Elements discovery in South Australia, which promises a low-cost, environmentally friendly in situ recovery mining method. The company also highlights a substantial orogenic gold mineralization at its Wudinna Project.

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