ASX Mining Stock Doubles in 30 Minutes Following BHP Deal Announcement
The ASX trading floor witnessed a spectacle as both Cobre Ltd (ASX: CBE) and BHP ( ASX: BHP ) experienced unprecedented surges. Cobre soared by an impressive 112.2% in less than half an hour, propelled by a groundbreaking announcement. This unexpected turn of events saw Cobre's shares rise from the previous day's closing at 4.1 cents to the current 8.7 cents per share. Image Credit: Pexels BHP's 2024 Xplor Program The spotlight is on Cobre as it secures a coveted spot in BHP Group Ltd's (ASX: BHP) prestigious 2024 Xplor program. Tailored for emerging players in critical minerals, this initiative is a catalyst for accelerating operations and fostering potential long-term collaborations. With a six-month duration, the program includes a substantial non-dilutive funding injection of US$500,000 from BHP, complemented by access to internal expertise and a global supplier network. Turbocharging Kitlanya West Project Cobre strategically earmarks the funds for its Kitlanya Wes...