Cobre Limited announced on 13 June 2025 that it has completed a two-tranche capital placement that successfully raised AU$500,000 before costs. The placement comprised a AU$150,000 tranche taken by a mining‐focused family office and a AU$350,000 tranche subscribed by its largest shareholder, Strata Investment Holdings Plc, pending shareholder approval. The company’s refreshed strategy centers on a capital‐light, catalyst‐rich approach to unlock the potential of its Tier‐1 targeted copper assets in Botswana’s Kalahari Copper Belt. In a further effort to support its growth strategy and reward loyal investors, Cobre Limited is conducting a fully underwritten, pro-rata, non-renounceable entitlement offer that provides one New Option for every three shares held. Each option is priced at AU$0.008, with each exercisable at AU$0.066 until its expiry on 21 November 2028. The offer is designed to raise up to approximately AU$1.18 million before costs and will see the new options listed on the ASX, subject to meeting listing requirements. CPS Capital Group is acting as both lead manager and underwriter for the offer and will receive option grants in addition to an underwriting fee. The refreshed growth strategy outlines a three-pronged plan focused on large-scale, technology-driven exploration for Tier-1 discoveries, high-impact strategic drilling adjacent to existing production areas, and pursuing a low-cost development opportunity that leverages in-situ copper recovery technologies. With a US$25 million earn-in agreement with a global mining giant to advance its Kitlanya Projects, Cobre Limited is positioning itself for sustainable growth through partner-funded exploration while preserving shareholder value. Bullish sentiment may be derived from the company’s strategic alliances, especially the partnership with a major global mining company, and the targeted approach to developing high-potential copper assets in a resource-rich region. The capital-light model and commitment to preserving shareholder value add further appeal from an investment perspective. On the other hand, concerns remain regarding the dilution effects from the new options issuance and the dependency on shareholder approvals, as well as execution risks in realizing the anticipated exploration outcomes. Overall, while the strategic initiatives bolster optimism for future prospects, cautious investors may wish to monitor the developments closely as the company embarks on its enhanced growth trajectory.