REG - Cobra Resources PLC - Exercise of Warrants, Block Listing & TVR

Cobra ResourcesAnnouncement

09/09/2025 13:00

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RNS Number : 6354Y  Cobra Resources PLC  09 September 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET
ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE
PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK
MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE
REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

 

9 September 2025

Cobra Resources plc

("Cobra" or "Company")

 

Exercise of Warrants, Block Listing and Total Voting Rights

 

Cobra (https://cobraplc.com/) (LSE: COBR)
(https://www.londonstockexchange.com/stock/COBR/cobra-resources-plc/company-page)
, a mineral exploration and development company, announces that it has
received notice of exercise of a total of 1,084,783 warrants with an exercise
price of 2.3p per share, raising £24,950 for the Company. The Company has
also received a further notice of exercise of a total of 1,666,667 warrants
with an exercise price of 3p per share, raising £50,000 for the Company
(together the "Warrant Exercise")

 

The Company's issued share capital currently consists of 877,863,899 ordinary
shares of 1 pence each ("Ordinary Shares"), each with voting rights. The
Company does not hold any shares in treasury. The total number of voting
rights in the Company following the Warrant Exercise will be 880,615,349. The
above figure of 880,615,349 may be used by shareholders of the Company as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the Financial Conduct Authority's ("FCA") Disclosure Guidance
and Transparency Rules.

 

An application has been made to the London Stock Exchange for a block
admission of 47,698,117 Ordinary Shares to be admitted to listing on the
equity shares (transition) category of the Official List of the FCA and to
trading on the main market for listed securities of London Stock Exchange plc
(the "Block Listing").

 

The Block Listing relates to Ordinary Shares that will be issued from time to
time in accordance with the exercise of warrants issued by the Company, which
includes the admission of the new Ordinary Shares to be issued on pursuant to
the Warrant Exercise. All Ordinary Shares issued pursuant to the Block Listing
above will rank pari passu with the existing Ordinary Shares.

 

It is expected that the Block Listing will become effective on or around 11
September 2025 and allows for the conversion of an outstanding 43,280,000
warrants at an exercise price at 3p whose exercise period expires on 26
October 2025.

 

The Company further advises that it has granted an extension to the expiry of
certain options held by directors that were due to expire in July. The expiry
date has been extended to the 14 July 2026, as these options are held by
parties who were deemed to be in possession of inside information (as defined
in UK MAR) when the options originally expired, where under the terms of the
Option Scheme Rules the exercise period shall be extended to 365 days to
enable the holders to be able to exercise the options during a period that
that would no longer constitute a breach of the UK MAR. The extensions of
these options are set out below:

 

 

                                     No. of Existing Options

 Name                                                         Exercise price   Grant date   Existing Expiry date   New Expiry
 Greg Hancock....................    3,000,000                3p               15/07/2020   14/07/2025             14/07/2026
                                     2,000,000                4p               15/07/2020   14/07/2025             14/07/2026
 Daniel Maling.....................  3,000,000                2p               15/07/2020   14/07/2025             14/07/2026
                                     2,000,000                3p               15/07/2020   14/07/2025             14/07/2026
 David Clarke.                       3,000,000                2p               15/07/2020   14/07/2025             14/07/2026
                                     2,000,000                3p               15/07/2020   14/07/2025             14/07/2026

 

 

For the purposes of UK MAR, the person responsible for arranging for the
release of this announcement on behalf of the Company is Rupert Verco,
Managing Director.

 

  Enquiries:

 

 Cobra Resources plc                           via Vigo Consulting

 Rupert Verco (Australia)                      +44 (0)20 7390 0234

 Dan Maling (UK)

 SI Capital Limited (Joint Broker)             +44 (0)1483 413 500

 Nick Emerson

 Sam Lomanto

 Global Investment Strategy (Joint Broker)     +44 (0)20 7048 9437

 James Sheehan                                 james.sheehan@gisukltd.com
 Vigo Consulting (Financial Public Relations)  +44 (0)20 7390 0234

 Ben Simons                                    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 projects - The Boland Rare Earth Project &
The Manna Hill Copper Project

 

 

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