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Cobra Resources Plc ( (GB:COBR) ) has issued an announcement.
Cobra Resources PLC has announced the exercise of warrants, raising a total of £74,950, and an application for a block listing of 47,698,117 ordinary shares on the London Stock Exchange. This development increases the total voting rights to 880,615,349, impacting shareholder calculations under FCA rules. Additionally, Cobra has extended the expiry of certain options held by directors, aligning with regulatory compliance. These actions reflect Cobra’s strategic financial maneuvers to strengthen its market position and operational flexibility.
More about Cobra Resources Plc
Cobra Resources is a South Australian critical minerals developer, focusing on advancing assets at various stages of the pre-production pathway. The company is involved in the Boland ionic rare earth discovery at the Wudinna Project, which is notable for its suitability for in situ recovery mining, and has expanded its portfolio with the Manna Hill Copper Project. Cobra recently sold its Wudinna Gold Assets to Barton Gold.
Average Trading Volume: 3,006,706
Technical Sentiment Signal: Buy
Current Market Cap: £50.92M
For a thorough assessment of COBR stock, go to TipRanks’ Stock Analysis page.