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) signed a binding earn-in and option agreement with NeoRe to advance a 4,250-hectare ionic adsorption clay rare earth project in southern Chile. The phased deal lets Chilean Cobalt fund exploration, metallurgical work, a mineral resource estimate and a scoping-level technical, economic and ESG assessment to de-risk the asset.
Upon meeting milestones, Chilean Cobalt may acquire 100% of NeoRe in exchange for 6,000,000 common shares. Targeted near-term commissioning and scale-up are noted as a 12–24 month objective, subject to technical, regulatory and market conditions. Partnering and offtake discussions are underway.
Chilean Cobalt (OTCQB:COBA) closed a brokered private placement with Glencore and Madesal, raising USD $3,000,000 by issuing 6,000,000 common shares at $0.50 per share on December 3, 2025. DA Davidson acted as lead agent and bookrunner.
Net proceeds will fund exploration fieldwork at La Cobaltera and El Cofre, pursue district consolidation opportunities, advance ESG diligence and continuous improvement, and support general corporate and working capital needs. Management described Glencore and Madesal as strategic investors expected to add market expertise and local capability.
Chilean Cobalt (OTCQB:COBA) entered an offtake arrangement with a Glencore subsidiary on November 13, 2025 granting Glencore an irrevocable, exclusive right to purchase up to 100% of cobalt and/or copper products and other materials produced from the La Cobaltera and El Cofre projects for the life of mine. The parties anticipate the majority of intermediate cobalt and copper product streams sold to Glencore will be shipped to the United States for processing and refining.
Glencore is expected to provide strategic support for La Cobaltera Phase 1 and collaborate on initiatives to develop US-based processing and refining capabilities, which Chilean Cobalt says may help satisfy a condition precedent for pursuing strategic project financing.
Chilean Cobalt (OTCQB:COBA) entered a non-binding Letter of Intent on November 12, 2025 to seek an exclusive option to acquire up to 100% of NeoRe's ionic adsorption clay rare earth project in southern Chile.
The Project covers approximately 4,250 hectares near Concepción and has historical soil sampling, analytical programs and pilot-scale downstream testing that produced a rare earth oxide concentrate. Chilean Cobalt will carry out an exclusive due diligence period and a phased exploration program to define resources, evaluate economics, and pursue US downstream processing and offtake discussions. A final definitive agreement would include customary conditions precedent, termination rights and a jointly developed sustainability strategy.
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) 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. (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.