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Cobra Resources PLC announced on 16 April 2026 that it received notices for the exercise of warrants. This resulted in the subscription for a total of 750,000 new Ordinary shares, each with a nominal value of 1 pence, at an exercise price of 2 pence per share. The Company received a total consideration of £15,000 from this exercise, and the new shares were issued under its existing block listing.
| Date | 16 Apr 2026 |
| Time | 18:10:26 |
| Category | Capital structure |
| ID | 8364A |
16 April 2026
Cobra Resources plc
("Cobra" or the "Company")
Exercise of Warrants
Cobra (LSE: COBR), a South Australian mineral exploration and development company, announces that it has received notices of the exercise of warrants ("Warrants") to subscribe for a total of 750,000 new Ordinary shares of nominal value 1 pence each ("New Ordinary Shares"). The total consideration paid to the Company in connection with the exercise of such Warrants at 2 pence per new Ordinary Share was £15,000. The New Ordinary Shares were issued under the Company's existing block listing.
Enquiries:
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Cobra Resources plc Rupert Verco (Australia) Dan Maling (UK)
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via Vigo Consulting +44 (0)20 7390 0234
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Hannam & Partners (Joint Broker) Leif Powis Andrew Chubb |
+44 (0)20 7907 8500
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SI Capital Limited (Joint Broker) Nick Emerson Sam Lomanto |
+44 (0)1483 413 500
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Vigo Consulting (Financial Public Relations) Ben Simons Seb Weller |
+44 (0)20 7390 0234 cobra@vigoconsulting.com |
The person who arranged for the release of this announcement was Rupert Verco, Managing Director of the Company.
About Cobra
Cobra Resources is a South Australian critical minerals developer, advancing assets at all stages of the pre-production pathway.
In 2023, Cobra identified the Boland ionic rare earth discovery at its Wudinna Project in the Gawler Craton - Australia's only rare earth project suitable for in situ recovery (ISR) mining. ISR is a low-cost, low-disturbance extraction method that eliminates the need for excavation, positioning Boland to achieve bottom-quartile recovery costs.
In 2025, Cobra further expanded its portfolio by optioning the Manna Hill Copper Project in the Nackara Arc, South Australia. The project contains multiple underexplored prospects with strong potential to deliver large-scale copper discoveries.
In 2025, Cobra sold its Wudinna Gold Assets to Barton Gold (ASX: BDG) for up to A$15 million in cash and shares.
Regional map showing Cobra's tenements in South Australia
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