Chilean Cobalt Corp. Announces Acquisition of an Additional 3,742 Hectares in the San Juan District
Chilean Cobalt Corp. (OTCQB:COBA) has signed a definitive agreement to acquire 3,742 hectares of exploitation claims in the San Juan district from Cobalt Chile SpA, a subsidiary of Fuerte Metals. The acquisition includes the El Cofre copper-cobalt-gold project and additional properties in the La Cobaltera area, expanding COBA's total mining concessions to 6,377 hectares.
The transaction terms include the issuance of 4.5 million common shares of Chilean Cobalt and reimbursement of 2025/26 annual patent payments. The acquired properties feature historic mine sites with cobalt and copper-bearing veins ranging from 0.5 to 20 meters in width. The El Cofre project, situated along a 25 km strike of the Atacama Fault Zone, includes three drill-ready targets identified through previous exploration work.
Chilean Cobalt Corp. (OTCQB:COBA) ha firmato un accordo definitivo per acquisire 3.742 ettari di diritti di sfruttamento nel distretto di San Juan da Cobalt Chile SpA, una controllata di Fuerte Metals. L'acquisizione comprende il progetto El Cofre di rame-cobalto-oro e ulteriori proprietà nell'area La Cobaltera, ampliando le concessioni minerarie totali di COBA a 6.377 ettari.
Le condizioni della transazione prevedono l'emissione di 4,5 milioni di azioni ordinarie di Chilean Cobalt e il rimborso dei pagamenti annuali delle tasse di brevetto per il 2025/26. Le proprietà acquisite presentano siti minerari storici con vene di cobalto e rame che variano da 0,5 a 20 metri di larghezza. Il progetto El Cofre, situato lungo una striscia di faglia di Atacama di circa 25 km, comprende tre obiettivi pronti per trivellazioni identificati tramite precedenti lavori esplorativi.
Chilean Cobalt Corp. (OTCQB:COBA) ha firmado un acuerdo definitivo para adquirir 3.742 hectáreas de derechos de explotación en el distrito de San Juan de Cobalt Chile SpA, una subsidiaria de Fuerte Metals. La adquisición incluye el proyecto El Cofre de cobre-cobalto-oro y propiedades adicionales en el área de La Cobaltera, ampliando las concesiones mineras totales de COBA a 6.377 hectáreas.
Los términos de la operación contemplan la emisión de 4,5 millones de acciones comunes de Chilean Cobalt y el reembolso de los pagos anuales de patentes 2025/26. Las propiedades adquiridas presentan sitios mineros históricos con venas de cobalto y cobre que oscilan entre 0,5 y 20 metros de anchura. El proyecto El Cofre, situado a lo largo de una franja de fallas de Atacama de 25 km, incluye tres objetivos listos para perforaciones identificados mediante trabajos de exploración previos.
Chilean Cobalt Corp. (OTCQB:COBA)가 Cobalt Chile SpA( Fuerte Metals의 자회사)로부터 산원 지역의 3,742헥타르의 채굴 권리를 최종 계약으로 인수했습니다. 인수에는 엘 코프레 구리-코발트-금 프로젝트와 라 카볼테라 지역의 추가 자산이 포함되어 COBA의 총 채굴 허가면적이 6,377헥타르로 확대됩니다.
거래 조건은 칠레 코발트의 4.5백만 주 보통주 발행 및 2025/26년 연간 특허료 상환을 포함합니다. 인수된 자산은 폭이 0.5~20미터인 코발트와 구리 매장광을 가진 역사적 광산 현장을 특징으로 합니다. 엘 코프레 프로젝트는 아타카마 단층대의 약 25km에 걸친 스트라이크를 따라 위치하며, 이전 탐사 작업을 통해 확인된 3개의 시추 가능 목표를 포함합니다.
Chilean Cobalt Corp. (OTCQB:COBA) a signé un accord définitif pour acquérir 3 742 hectares de droits d’exploitation dans le district de San Juan auprès de Cobalt Chile SpA, filiale de Fuerte Metals. L’acquisition comprend le projet El Cofre cuivre-cobalt-or et des propriétés supplémentaires dans la zone La Cobaltera, élargissant les concessions minières totales de COBA à 6 377 hectares.
Les conditions de la transaction prévoient l’émission de 4,5 millions d’actions ordinaires de Chilean Cobalt et le remboursement des paiements annuels de brevets 2025/26. Les propriétés acquises présentent des sites miniers historiques avec des veines de cobalt et de cuivre mesurant entre 0,5 et 20 mètres de largeur. Le projet El Cofre, situé le long d’un faisceau de faille d’Atacama d’environ 25 km, comprend trois cibles prêtes à être forées identifiées lors des travaux d’exploration antérieurs.
Chilean Cobalt Corp. (OTCQB:COBA) hat eine rechtsverbindliche Vereinbarung zum Erwerb von 3.742 Hektar exploitation Rechte im San Juan Distrikt von Cobalt Chile SpA, einer Tochtergesellschaft von Fuerte Metals, unterzeichnet. Die Übernahme umfasst das El Cofre Kupfer-Cobalt-Gold-Projekt und zusätzliche Liegenschaften im La Cobaltera Gebiet, wodurch sich COBA's gesamte Bergbaulizenzfläche auf 6.377 Hektar erweitert.
Die Transaktionsbedingungen sehen die Ausgabe von 4,5 Millionen Stammaktien von Chilean Cobalt sowie die Rückerstattung der Jahrespatente für 2025/26 vor. Die erworbenen Grundstücke weisen historische Minenstandorte mit Zonen von Kobald- und Kupferadern von 0,5 bis 20 Metern Breite auf. Das El Cofre-Projekt, das sich entlang einer ca. 25 km langen Linie der Atacama-Verwerfung erstreckt, umfasst drei bohrbereite Ziele, die durch frühere Explorationsarbeiten identifiziert wurden.
Chilean Cobalt Corp. (OTCQB:COBA) وقعت اتفاقية نهائية للاستحواذ على 3,742 هكتاراً من حقوق الاستغلال في منطقة سان خوان من شركة Cobalt Chile SpA، وهي شركة فرعية لشركة Fuerte Metals. يشمل الاستحواذ مشروع El Cofre بالرصاد النحاس-الكوبالت-الذهب وملكيات إضافية في منطقة La Cobaltera، مما يوسع إجمالي امتيازات التعدين لدى COBA إلى 6,377 هكتاراً.
تشمل شروط الصفقة إصدار 4.5 مليون سهم عادي من Chilean Cobalt واسترداد دفعات براءات الاختراع السنوية لعامي 2025/26. تتميز الممتلكات المكتسبة بمواقع مناجم تاريخية مع عروق من الكوبالت والذهب تتراوح عرضها من 0.5 إلى 20 متراً. يقع مشروع El Cofre على طول خط كسر فاصل بطول 25 كم من فاغلة أتاقاما، ويشمل ثلاث أهداف جاهزة للحفر حُدِّدت من خلال أعمال استكشافية سابقة.
Chilean Cobalt Corp. (OTCQB:COBA) 已签署最终协议，拟从 Fuerte Metals 的子公司 Cobalt Chile SpA 购买 3,742 公顷的 San Juan 区勘探权。此次收购包括 El Cofre 铜-钴-金项目及 La Cobaltera 区域的其他资产，将 COBA 的总矿权扩展至 6,377 公顷。
交易条款包括发行 450 万股 Chilean Cobalt 普通股，以及偿还 2025/26 年的年度专利费。所收购的资产具有历史矿山现场，含宽度为 0.5 至 20 米 的钴铜脉。El Cofre 项目位于 阿塔卡马断層带约 25 公里的线段上，包含通过先前勘探工作已确定的三处钻探就绪目标。
- Strategic expansion increases total mining concessions by 142% to 6,377 hectares
- Excellent infrastructure with access to roads, power, and proximity to Port of Huasco (25 km)
- Properties include multiple documented cobalt and copper-bearing veins up to 20 meters wide
- Three drill-ready targets already identified at El Cofre project through previous exploration work
- Share dilution through issuance of 4.5 million common shares
- Additional costs required for patent payment reimbursements
- Significant exploration expenditure needed for upcoming geological mapping and surveys
BERWYN, PA / ACCESS Newswire / September 15, 2025 / Chilean Cobalt Corp. (OTCQB:COBA) ("Chilean Cobalt" or the "Company") is pleased to announce it has finalized a definitive agreement with Cobalt Chile SpA ("Cobalt Chile"), a wholly-owned subsidiary of Fuerte Metals Corp. (TSX-Venture:FMT) ("Fuerte Metals") to acquire a
The acquisition includes 3,742 hectares of exploitation claims, comprising approximately 372 hectares adjacent to Chilean Cobalt's existing La Cobaltera project area and the 3,370 hectare El Cofre project, located in the northeast extension of the San Juan district. The region is strategically located near excellent infrastructure, including access to roads, power, and proximity to the Port of Huasco, just 25 km away.
The additional claims near the La Cobaltera area include several historic mine sites along with multiple well-documented cobalt and copper-bearing veins ranging in width from 0.5 to 20 meters, visible from the surface down to at least 50 meters. These claims further consolidate Chilean Cobalt's presence in the brownfield segment of the district.
The El Cofre project, located along a 25 km strike of the Atacama Fault Zone, is a potential extension or geologic analogue to the broader San Juan district. Historical work on the property includes airborne geophysics, geochemical surveys, an induced polarization (IP) survey, and trenching, which have collectively identified three drill-ready targets along with several additional zones of interest.
Under the terms, Cobalt Chile SpA, a wholly-owned subsidiary of Fuerte Metals, will transfer
Chilean Cobalt plans to incorporate the newly acquired claims into its next phase of exploration, scheduled to commence in the second half of 2025. The upcoming program is expected to include detailed geological mapping, trenching, and additional geophysical and IP surveys, with the goal of identifying additional drill-ready targets.
This press release does not constitute an offer or sale of, or the solicitation of an offer to buy, securities of the Company nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Chilean Cobalt Corp.
Chilean Cobalt Corp. is a US-based and US-listed critical minerals exploration and development company focused on the La Cobaltera cobalt-copper project in northern Chile, one of the world's few primary cobalt districts. Chilean Cobalt is committed to creating ecological and social value for all stakeholders; economic value for Chile and the Chilean communities in which it operates; and financial value for its shareholders.
Safe Harbor Statement
This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results) and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Examples of forward-looking statements, include, among others, statements the Company makes regarding its ability to incorporate the newly acquired claims into its next phase of exploration, ability to establish "Proven" or "Probable" Reserves, as defined by the SEC under Industry Guide 7, through the completion of a Definitive Feasibility Study for the minerals that the Company seeks to produce and the inherent risks of mining, exploration, development, and processing operations that may negatively impact the business. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the Company. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
CONTACTS:
Chilean Cobalt Corp.
Duncan T. Blount
Chairman & CEO
Duncan.Blount@chileancobaltcorp.com
SOURCE: Chilean Cobalt Corp.
View the original press release on ACCESS Newswire
FAQ
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What are the key features of the El Cofre project acquired by COBA?
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