Chilean Cobalt Corp Stock Price, News & Analysis

Chilean Cobalt Corp. (OTCQB:COBA) has received its first Digbee ESG rating of BB for both corporate and project performance, demonstrating its commitment to sustainable practices. The rating, awarded by independent sustainability experts, indicates meaningful integration of ESG principles into the company's strategy and operations.

The assessment evaluated various factors including biodiversity, water stewardship, community engagement, and governance at the company's La Cobaltera project. Key highlights include brownfield redevelopment initiatives, infrastructure optimization, and the exploration of innovative technologies like bioleaching and AI-assisted exploration to reduce environmental impact.

The company views this rating as a baseline for future improvements and has committed to conducting an IRMA self-assessment to further strengthen its ESG capabilities.

Chilean Cobalt Corp. (OTCQB:COBA) has appointed Ash Lazenby to its Board of Directors. Lazenby brings significant expertise as a critical minerals trader and battery supply chain investor, having spent eight years at Glencore in key roles including senior critical minerals trader.

During his tenure at Glencore, Lazenby managed the North American cobalt business, expanded the lithium portfolio, and established crucial trading partnerships with Tesla and General Motors. His background includes experience as a natural resources sector analyst and investment banker, complemented by a Master of Physics from Oxford University.

Chilean Cobalt Corp. (OTCQB:COBA) has announced the launch of an AI-driven mineral exploration pilot program at its La Cobaltera cobalt-copper project in northern Chile. The company is partnering with three specialized AI firms: Mineral Forecast, MinersAI, and TerraSpace to enhance exploration decision-making through advanced data analytics.

The program will integrate historical exploration data, 2018-19 campaign results, and public geological datasets to identify new high-potential target zones. Additionally, the company is restarting field activities and has appointed two new Technical Advisors: Dr. Brian Townley and Mr. César Vargas. Board member Geraldine Barnuevo has stepped down effective immediately.

Chilean Cobalt Corp. (COBA) has secured an extension of a non-binding Letter of Interest from the US Export-Import Bank (EXIM) for potential debt funding of up to $317.4 million. The proposed 15-year loan would support the development of the La Cobaltera cobalt-copper project in Chile. The LOI, originally issued in July 2024, falls under EXIM's China and Transformational Exports Program, aimed at competing with China in strategic sectors. The funding would cover most construction and development costs for Phase 1 of La Cobaltera, focusing on cobalt-copper oxide zones. Due to depressed cobalt prices, the company has adopted a cautious approach but plans to submit a formal EXIM application within 12 months. Chilean Cobalt also maintains non-binding strategic partnerships with Glencore AG and US Strategic Metals for project off-take and domestic processing.

Chilean Cobalt Corp. (OTCQB:COBA) announced the successful re-election of four directors - Geraldine Barnuevo, Fiona Clouder, Greg Levinson, and Andy Sloop - for three-year terms. The company's Chairman and CEO, Duncan T. Blount, was not up for re-election this year. The Board expressed gratitude to shareholders for their support and emphasized their commitment to developing and executing the company's strategy to deliver shareholder value.

Chilean Cobalt Corp (OTCQB:COBA) has appointed Dr. Lawrence W. Snee as Executive Vice President of Exploration. Dr. Snee, who has been serving as Technical Advisor since November 2023, brings over 40 years of global experience in geology and mineral resources.

As EVP of Exploration, Dr. Snee will lead the company's exploration activities, from greenfield to advanced-stage exploration and near-mine resource expansion, while contributing to corporate strategy. His extensive background includes roles as Geological Director at John T. Boyd Company, Exploration Manager at Crest International Investments, and VP of Exploration at Central Asian Minerals and Resources.

Previously, Dr. Snee spent 32 years (1974-2006) at the US Geological Survey, managing over 100 personnel as Chief Scientist for the National Cooperative Geologic Mapping Team. He has authored over 300 publications and conducted geological consulting across multiple countries. Dr. Snee holds a PhD and MS in Geology from The Ohio State University and a BS in Geology, Biology, and Chemistry from Florida State University.

Chilean Cobalt Corp (COBA) reported significant progress in 2024 for its La Cobaltera cobalt-copper project in Chile. The company secured key strategic partnerships with Glencore AG for concentrate offtake and US Strategic Metals (USSM) for US-based processing. A major milestone was receiving a Letter of Interest from US EXIM Bank for USD $317 million in potential debt funding, which could cover up to 80% of Phase 1 construction costs.

Despite facing challenging cobalt market conditions with prices near record lows, copper prices reached all-time highs in 2024. The company established an Advisory Board including experts in mining, sustainability, and government affairs. Looking forward, Chilean Cobalt plans a 2025 exploration campaign focusing on greenfield areas, implementing AI technology for exploration, and advancing technologies like bioleaching and surgical mining.

US Strategic Metals (USSM) has announced a three-way strategic partnership with Glencore AG and Chilean Cobalt Corp. (OTCQB: COBA) to explore domestic US downstream processing of cobalt and copper intermediate products from C3's La Cobaltera project in Chile. This agreement builds upon a previous LOI between C3 and Glencore, aiming to establish an Americas-centric cobalt supply chain.

The partnership may include developing a dedicated processing line for La Cobaltera concentrate at USSM's integrated critical minerals processing site in Missouri. This collaboration is expected to strengthen US critical minerals supply chains and provide sustainable raw materials for the growing domestic lithium-ion battery manufacturing and high-performance metal alloy markets.