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The latest update is out from Cobra Resources Plc ( (GB:COBR) ).
Cobra Resources has commenced field trials at its Boland Ionic Heavy Rare Earth Project in South Australia, aiming to demonstrate the feasibility of low-cost and environmentally sustainable in-situ recovery (ISR) mining. The company has executed a Deed of Assignment with the Barngarla Traditional Owners, facilitating the transfer of exploration licenses for new tenements with significant rare earth elements targets. These developments are crucial steps in Cobra’s strategy to become a leading producer of heavy rare earth metals, potentially impacting its market positioning and stakeholder engagement positively.
More about Cobra Resources Plc
Cobra Resources PLC is a South Australian mineral exploration and development company focused on advancing critical minerals projects. The company is engaged in the exploration of rare earth elements and copper, with a notable project being the Boland Ionic Heavy Rare Earth Project. Cobra aims to employ environmentally sustainable mining methods, such as in-situ recovery (ISR), to achieve low-cost production of valuable heavy rare earth metals.
Average Trading Volume: 3,532,621
Technical Sentiment Signal: Buy
Current Market Cap: £36.79M
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