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Pin to quick picksCobra Resource. Share News (COBR)

Share Price Information for Cobra Resource. (COBR)

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Share Price: 1.05
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UK TRADING UPDATE SUMMARY: Bitcoin Miner Argo In Monthly Revenue Rise

Thu, 03rd Dec 2020 17:37

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Argo Blockchain PLC - UK-based cryptocurrency miner - Mines 115 bitcoin or equivalent in Novmeber, down from 126 in October. "The reduction in the number of coins mined in November compared to October is due to changes in mining difficulty and the Zcash halving which took place on November 17. This takes the total amount of BTC mined year-to-date to 2,369," Argo adds. Based on daily exchange rate, mining revenue in November was GBP1.5 million, up from GBP1.2 million in October.

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Iconic Labs PLC - media company - Announces JOE Media unit secures contracts worth more than GBP750,000. "The contracts are with clients in a number of sectors including gambling, video games, online music streaming," Iconic adds.

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Nucleus Financial Group PLC - Edinburgh-based financial wrap platform - Aquiline Capital Partners LLC says it does not plan to make offer for Nucleus after "highly preliminary discussions".

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Invinity Energy Systems PLC - vanadium flow batteries manufacturer - Plans placing to raise GBP20.5 million and further GBP2 million through open offer. Says 11.7 million shares placed at 175 pence each in placing, 1.1 million in open offer. "Funds raised will be used to scale up production capabilities to meet commercial demand, execute on sales pipeline and thereby assist in driving down unit costs," Invinity says.

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Volution Group PLC - Crawley, England-based supplier of ventilation products to the residential and commercial construction markets - Pens sustainability-linked revolving credit facility. The GBP150 million loan, with a GBP30 million accordion facility, replaces a GBP120 million loan. Facility runs for three years until December 2023, with option for two-year extension.

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Jupiter UK Growth Investment Trust PLC - investment trust - Updates on wind-down measures. Agrees to proposals with Brown Advisory Funds PLC to offer Jupiter shareholders a choice of roll over investment in Jupiter to new shares to be issued by a sub-fund of Brown, or electing for a normal cash exit.

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Global Petroleum Ltd - oil and gas company focused on Africa and the Mediterranean - Recently bought historic 2D seismic data of PEL0094 licence, Namibia. Also acquired historic data from underexplored eastern part of block. "The company expects the interpretation of this data significantly to enhance the prospectivity already identified in this area," Global Petroleum says.

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Cobra Resources PLC - exploration and mining company focused on the Wudinna gold project in Australia - Reports "significant high-grade gold intercepts" at Clarke deposit at Wudinna. "Given we still have 80% of the assay results still to come, we are very excited about these initial high-grade intersections at Clarke which have positive indications for the future of the Wudinna project," Director Craig Moulton says.

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Active Energy Group PLC - London-headquartered biomass-based renewable energy business - Says Player Design Inc appointed in September to complete engineering and construction process of CoalSwitch reference plant at Lumberton site. Active Energy sources additional equipment and begins procurement process. "Construction crews will commence work in January 2021 with commissioning of the plant expected during Q2 2021," Active Energy adds.

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Landore Resources Ltd - Canada-focused minerals explorer - Says drilling programme at BAM gold deposit, Canada, progressing as planned. Adds that 15 drill holes completed to date. Says gold prices surge in 2020 has meant more exploration in Canada, causing a backlog of sampling. "As a result the time now expected for full analysis has doubled to 6-7 weeks from delivery to the laboratory," Landore adds.

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Zephyr Energy PLC - Rocky Mountain oil and gas company - Signs drilling contract with Cyclone Drilling Inc. "Cyclone, based in Gillette, Wyoming, is one of the leading providers of rigs in the Rocky Mountain region," Zephyr adds. "Cyclone's fleet of modern rigs was purpose-built for operating in the remote locations and rugged environment of the Rockies, and they hold one of the best drilling safety records in the US oil and gas industry.

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Salt Lake Potash Ltd - Australia-focused miner - Says ASX voluntary trading suspension to remain until either an announcement of debt financing or opening of trade on December 10.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
25 Mar 2024 12:35

Cobra Resources shares jump on "sensational" Boland drilling results

(Alliance News) - Cobra Resources PLC on Monday said that results from sonic core drilling at the Boland ionic rare earths prospect demonstrated a sound source of magnet and heavy rare earths.

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19 Mar 2024 16:17

EARNINGS AND TRADING: Pebble doubles dividend despite reduced profit

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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27 Feb 2024 15:20

IN BRIEF: Cobra Resources says assay shows "massive scale potential"

Cobra Resources PLC - Australia-focused gold and rare earth exploration company - Reports historical drillhole stage 1 re-assay results at its Wudinna project in South Australia, which "support massive scale potential of palaeochannel-hosted ionic rare earths". Says testing has defined heavy rare earth oxide enriched mineralisation in the Yaninee Palaeochannel, southwest of the Boland prospect. Intersections confirm prospectivity across a further 150 kilometres squared of Cobra-held palaeochannel. Mineralisation is in same geological units as Boland, where conditions support high recoveries.

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19 Feb 2024 13:26

IN BRIEF: Cobra Resources reports "highly encouraging" Boland results

Cobra Resources PLC - Australia-focused gold and rare earth exploration company - Completes sonic core drilling at the Boland rare earths prospect in the Wudinna project in South Australia. Says preliminary observations "are highly encouraging", suggesting that Boland "has the right features to be a low cost, low impact source of magnet rare earths". Testing finds high grade concentrations of rare earths within permeable zones, coinciding with "exceptional metallurgical recoveries". Permeability testing is underway to define the site's production potential.

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12 Feb 2024 12:07

IN BRIEF: Cobra Resources up as company begins uranium testing

Cobra Resources PLC - Australia-focused gold and rare earth exploration company - Says it will begin testing for extensions of roll-front uranium mineralisation from the Yarranna uranium project, adjacent to the company's Boland ionic rare earths discovery in southern Australia. The Yarranna project is held by IsoEnergy Ltd, an Oxfordshire, England-based uranium company. In January, however, Cobra was granted an additional exploration tenement which extends to the southeastern portion of the Yarranna prospect. Historical water samples at Yarranna include U3O8 up to 12,300 micrograms per litre. Uranium's current spot price of USD106.00 per pound is at its highest level since 2007.

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7 Feb 2024 10:56

Cobra Resources begins sonic core drilling at Boland rare earths asset

(Alliance News) - Cobra Resources PLC on Wednesday said it has begun sonic core drilling at the Boland rare earths prospect in Australia.

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9 Jan 2024 10:36

Cobra Resources granted two new tenements in South Australia

(Alliance News) - Cobra Resources PLC on Tuesday said it has been granted two rare earth tenements totalling 1,512 square kilometres in South Australia.

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22 Nov 2023 12:21

TRADING UPDATES: Accrol to beat consensus; Plant Health cautions

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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15 Nov 2023 12:13

IN BRIEF: Cobra Resources shares up on fully subscribed share placing

Cobra Resources PLC - South Australia-focused gold and rare earth exploration company - Says that a previously announced placing is fully subscribed, and will raise the maximum amount of GBP991,300 through the issue of 99.1 million new shares. The issue price of one pence per share represents an 11% premium to the mid-market closing price on November 14. Each share will be issued with a warrant attached, with an exercise price of two pence.

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14 Nov 2023 18:43

TRADING UPDATES: Petra Diamonds chair to retire

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and Monday and not separately reported by Alliance News:

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28 Sep 2023 13:07

TRADING UPDATES: Zoo Digital expects revenue drop on Hollywood strikes

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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28 Sep 2023 09:49

SMALL-CAP WINNERS & LOSERS: Hansard Global shares rise as profit jumps

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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19 Sep 2023 14:42

TRADING UPDATES: Chill Brands unphased by regulations; Cobra inks deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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11 Sep 2023 10:46

Cobra records high mineralisation at Boland prospect

(Alliance News) - Cobra Resources PLC on Monday reported high ionic rare earth mineralisation at the Wudinna project, after test work carried out at the Boland prospect found ionic adsorption rare earth clays.

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7 Sep 2023 17:04

TRADING UPDATES: Corcel spuds well; Touchstone celebrates production

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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