Chilean Cobalt COBA

Chilean Cobalt Corp. is a critical minerals exploration and development company focused on the La Cobaltera and El Cofre copper cobalt projects located in the San Juan District of northern Chile’s Atacama Region. The company controls 6,377 hectares of 100 % owned and unencumbered mining concessions that encompass historical workings, surface exposures and deep target zones with copper oxide, cobalt cobalt oxide and sulphide mineralization, as well as indications of gold at depth. In addition, Chilean Cobalt holds an option to acquire approximately 6,300 hectares of rare earth element concessions in south central Chile through its agreement with NeoRe SpA, targeting ionic adsorption clay style deposits enriched in yttrium, neodymium, dysprosium and terbium.

The company has not generated any operating revenue to date, as its activities remain limited to exploration, data collection, permitting efforts and securing financing. It intends to generate future revenue from the sale of cobalt and copper concentrate produced at its projects, supported by preliminary off take discussions with downstream processors. To date, Chilean Cobalt has financed its work through private placements of common and preferred stock, as well as debt instruments, raising a total of approximately $34.1 million from inception through March 2026. The proceeds have been used to acquire concessions, conduct geophysical and geochemical surveys, drill programs, AI based studies and to build its environmental, social and governance framework.

Within the global cobalt market, Chilean Cobalt seeks to position itself as a supplier of responsibly sourced metal outside the Democratic Republic of the Congo and Indonesia, which together account for roughly 86 % of current production. The company’s competitive advantages stem from its location in Chile, a mining friendly jurisdiction with strong rule of law, established infrastructure and free trade agreements with the United States and other Western nations. Its early adoption of the IRMA and Digbee ESG frameworks provides a transparent sustainability profile that differentiates it from many peers that rely on less verified sources. Chilean Cobalt faces competition from large integrated producers such as Glencore and CMOC, as well as from artisanal miners in the DRC Indonesia, but it aims to compete on the basis of traceable supply, lower geopolitical risk and compliance with evolving customer expectations for responsible sourcing. Only one primary cobalt mine operates outside the DRC Indonesia corridor (the Bou Azzer mine in Morocco), highlighting the potential value of a new, low risk source such as the projects Chilean Cobalt is developing.

Chilean Cobalt has secured a non binding letter of intent with US Strategic Metals to process and refine the cobalt and copper concentrate it expects to produce from its projects. It has also executed a deed of undertaking with Glencore that grants the trading house a right of first and last refusal on any future cobalt and copper output from the La Cobaltera and El Cofre sites. While no definitive off take contracts are currently in place, these agreements indicate that the company’s primary customers would be battery material suppliers, electric vehicle manufacturers and industrial users of cobalt and copper. Additionally, the rare earth element option, if exercised, could open sales channels to manufacturers of permanent magnets, defense contractors and other high tech industries that require neodymium, dysprosium and terbium.