Cobra Resources Advances with LSE Main Market Placing

Deal News | Mar 21, 2025 | Orrick

Cobra Resources Advances with LSE Main Market Placing

Orrick has advised Cobra Resources plc on its successful placing on the London Stock Exchange's Main Market, which includes a secondary prospectus connected to a £1.7 million capital raise. Cobra Resources, a mineral exploration company, is focused on its Boland Project in South Australia, where it aims to develop a significant discovery of Rare Earth Elements. The prospectus was published on 20 March 2025, following shareholder approval earlier in the month. A total of 77,992,439 new ordinary shares will be added to the Financial Conduct Authority's Official List and begin trading on the LSE on 25 March 2025. This development marks a significant milestone for Cobra Resources as it continues to advance its critical mineral projects.

Sectors

  • Mineral Exploration and Development
  • Financial Services - Capital Markets

Geography

  • United Kingdom – The listing of Cobra Resources' shares is on the London Stock Exchange, which is based in the United Kingdom.
  • Australia – Cobra Resources' Boland Project, a significant component of their operations, is located in South Australia.

Industry

  • Mineral Exploration and Development – This industry is relevant as Cobra Resources is focused on the exploration and development of mineral resources, particularly Rare Earth Elements.
  • Financial Services - Capital Markets – The article discusses Cobra Resources listing on the London Stock Exchange and a secondary prospectus, which are activities within capital markets.

Financials

  • £1.7 million – The amount raised by Cobra Resources through the capital raising activity.

Participants

NameRoleTypeDescription
Cobra Resources plcTarget CompanyCompanyA mineral exploration and development company focused on Rare Earth Elements.
OrrickLegal AdvisorCompanyProvided legal advisory services for the Cobra Resources LSE listing.