Welcome to our dedicated page for Chilean Cobalt news (Ticker: COBA), a resource for investors and traders seeking the latest updates and insights on Chilean Cobalt stock.
Chilean Cobalt Corp. develops critical minerals exploration projects centered on cobalt-copper assets in Chile. Company news includes updates on the La Cobaltera and El Cofre projects, the NeoRe rare earth project, project financing readiness, responsible-sourcing governance, and work to recover cobalt from tailings and mining waste.
Coverage also includes board and advisory appointments, governance-framework changes, material agreements, shareholder voting matters, capital-structure actions, and operating or financial disclosures tied to its OTCQB-traded common stock.
Chilean Cobalt (OTCQB: COBA) announced completion of the Phase 1 (Tranche 1) work program under its Binding Earn-In and Option Agreement with NeoRe SpA for the NeoRe Rare Earth Project in southern Chile and confirmed active execution of the Phase 2 (Tranche 2) program.
Phase 1 met initial technical objectives, including geological data collection, preliminary modeling, and assessment of mineral continuity and project potential. Phase 2 focuses on expanded exploration, metallurgical testing, engineering studies, and permitting to support further project evaluation and development.
Exploration drilling has reached about 2,000 meters year-to-date. A pilot plant is continuously producing rare earth carbonate concentrate, with initial batches shipped to prospective U.S. processing and off-take partners. Mine Conceptual Engineering is evaluating scenarios of roughly 5,000 and 10,000 tonnes per month, while Chilean Cobalt advances environmental rankings, permitting roadmaps, and an Industrial Plant permitting strategy across a ranked portfolio of 168 exploration targets.
Chilean Cobalt (OTCQB:COBA) signed a non-binding MOU with Gold Express Mines SpA, a Key Mining Corp subsidiary, to negotiate long-term desalinated water supply for the La Cobaltera and El Cofre projects in Chile's Atacama Desert.
Water would come from the proposed Cerro Blanco Water SWRO desalination project, with approved EIS and progress on permits, targeting ~440 L/s capacity to support mining and regional demand.
Chilean Cobalt (OTCQB:COBA) announced key progress at its NeoRe rare earth project in southern Chile. The project has started pilot plant commissioning and produced its first rare earth carbonate concentrate, supporting deployment of the first Modular Extraction Plant (MEP-1).
NeoRe is advancing a rare earth separation pilot plant in Chile’s Biobío region to process heavy rare earth concentrate and use solvent extraction technology. Initial separation results are expected by late 2026. Drilling has exceeded 1,800 meters in 2026 across two programs, and the company is in discussions with potential U.S. strategic partners on processing, separation, and offtake to support a Western REE supply chain.
Chilean Cobalt (OTCQB:COBA) reported progress at its NeoRe Rare Earth Project in southern Chile, supporting plans for the first Modular Extraction Plant (MEP-1).
NeoRe has completed 133 drill holes totaling 1,504 meters, advanced work on 14 of 35 targets, and continues surface sampling that highlights REE anomalies across several areas.
Basic engineering, led by Equalitas Ingeniería, is nearly 25% complete, and pilot-scale downstream processing has shown encouraging REE recovery across multiple mineralized layers.
The project is engaging Mineral Forecast SpA to apply AI for target generation and exploration prioritization, while also adding key staff in supply chain and data science. Any definitive acquisition agreement would include standard conditions and a shared sustainability and community framework.
Chilean Cobalt (OTCQB:COBA) closed a private placement equity financing with subsidiaries of Glencore and Madesal, strengthening both as strategic shareholders.
According to Chilean Cobalt, Glencore now owns about 5.6% and Madesal about 7.4% of common shares. Proceeds will fund district consolidation, exploration, ESG work, and general corporate purposes.
Chilean Cobalt Corp. (OTCQB:COBA) announced it has joined the U.S. Defense Industrial Base Consortium (DIBC), a collaborative initiative focused on secure, innovative and resilient defense supply chains.
The company aims to contribute critical minerals expertise in cobalt, copper and rare earth elements for energy, aerospace, defense and electrification applications, and to collaborate with U.S. agencies, defense contractors and industry on supply chain resilience.
Chilean Cobalt (OTCQB:COBA) updated development at the NeoRe rare earth project, advancing drilling, engineering, permitting and commercialization steps toward a first Modular Extraction Plant (MEP-1).
Key facts: ~622 metres drilled across 90 holes YTD; conceptual MEP-1 engineering completed; preliminary OPEX estimated; patenting initiated; land package refined; target first production in H1 2027, subject to milestones.
Chilean Cobalt (OTCQB:COBA) reports accelerated progress at the NeoRe rare earth project, including 426 m drilled YTD, validated intercepts up to 535 ppm TREE and an average grade of ~358 ppm. Esperanza 7 is identified as the initial development target for MEP-1.
Engineering advanced to pre-feasibility stage with one processing flowsheet selected, pilot plant collaboration started, environmental permitting initiated, and plans targeting first production in ~12 months subject to access and approvals.
Chilean Cobalt (OTCQB:COBA) announced its Board unanimously approved a new Governance Framework on April 1, 2026 to strengthen financing readiness and support potential uplisting. The Framework aligns with OECD/UN due diligence, Glencore supplier standards, and ESG assurance methodologies, and supports engagement on a $317 million non-binding EXIM Letter of Interest.
Implementation authority was delegated to the executive team to scale oversight, disclosure, and responsible-sourcing systems across La Cobaltera, El Cofre, and NeoRe opportunities.
Chilean Cobalt (OTCQB:COBA) announced board realignment on March 20, 2026, appointing Michael Caperonis and Tom Diffely as directors. Both are long-time supporters and significant shareholders and are expected to qualify as independent to strengthen governance in connection with any potential uplisting.
The appointments add capital markets and institutional finance expertise to support access to broader capital markets and the development of the La Cobaltera, El Cofre and NeoRe projects. Founder Greg Levinson will step down from the board and remain a supporting shareholder.