Chilean Cobalt Corp. (NASDAQ: COBA) completes $3M PIPE with Glencore unit

Rhea-AI Filing Summary

Chilean Cobalt Corp. announced a private investment in public equity (PIPE), selling 6,000,000 shares of its equity securities for $3,000,000 in gross proceeds to two investors. The buyers are a wholly owned subsidiary of Glencore plc, together with its subsidiaries, and Madesal SpA, together with its subsidiaries.

The company expects to use the net proceeds, after placement agent expenses and fees, to fund exploration work, continue consolidating its project district, advance environmental, social and governance (ESG) diligence, and for general corporate and working capital purposes.

Insights

Equity Capital Markets Analyst

Chilean Cobalt raises $3,000,000 via PIPE to fund exploration and ESG work.

Chilean Cobalt Corp. completed a PIPE financing involving the sale of 6,000,000 shares for $3,000,000 in gross proceeds to a Glencore subsidiary and Madesal SpA. A PIPE is a private sale of public stock to selected investors, which can provide quicker access to capital than a public offering.

The company states that net proceeds, after placement agent expenses and fees, will support exploration, further district consolidation, ESG diligence, and general corporate and working capital needs. This links the new capital directly to advancing its project portfolio and sustaining operations, rather than to debt repayment or distributions.

Because the excerpt does not quantify current shares outstanding or project budgets, the exact dilution and funding runway cannot be gauged here. Future disclosures in periodic reports may provide additional detail on how the new funds translate into specific exploration milestones and ESG initiatives.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): December 3, 2025

CHILEAN COBALT CORP.

(Exact name of registrant as specified in its charter)

Nevada		333-268335		82-3590294
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)

1199 Lancaster Ave, Suite 107

Berwyn, Pennsylvania 19312

(Address of principal executive offices)

(484) 580-8697

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions.

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
None.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

On December 3, 2025, the Company issued a press release announcing the PIPE sales of equity securities consisting of 6,000,000 shares sold for a total of $3,000,000 in gross proceeds with two investors, a wholly-owned subsidiary of Glencore plc (LSE: GLEN), together with its subsidiaries, “Glencore”) and Madesal SpA (together with its subsidiaries, “Madesal”). The net proceeds after placement agent expenses and fees are expected to be used for exploration, additional district consolidation, advancement of ESG diligence and for general corporate and working capital purposes.

The information contained in the press release attached hereto is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that Section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number		Description
99.1		Press release issued by Chilean Cobalt Corp. on December 3, 2025.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CHILEAN COBALT CORP
Dated: December 3, 2025	By:	/s/ Duncan T. Blount
	Name:	Duncan T. Blount
	Title:	Chief Executive Officer

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FAQ

What did Chilean Cobalt Corp. (COBA) announce in its latest 8-K?

Chilean Cobalt Corp. reported a PIPE financing involving the sale of 6,000,000 shares of equity securities for $3,000,000 in gross proceeds to two investors.

How much capital did Chilean Cobalt Corp. (COBA) raise in the PIPE transaction?

The company raised $3,000,000 in gross proceeds by selling 6,000,000 shares of its equity securities in a PIPE transaction.

Who invested in the Chilean Cobalt Corp. (COBA) PIPE financing?

The PIPE investors are a wholly owned subsidiary of Glencore plc, together with its subsidiaries, and Madesal SpA, together with its subsidiaries.

How will Chilean Cobalt Corp. (COBA) use the PIPE proceeds?

Net proceeds, after placement agent expenses and fees, are expected to be used for exploration, additional district consolidation, advancement of ESG diligence, and general corporate and working capital purposes.

Does the Chilean Cobalt Corp. (COBA) 8-K include the full PIPE details?

The 8-K states that more information is contained in a press release furnished as Exhibit 99.1 and clarifies that this press release is furnished rather than filed under the Exchange Act.

Is the Chilean Cobalt Corp. (COBA) PIPE press release incorporated into other SEC filings?

The company notes that the press release is not incorporated by reference into any registration statement or other document under the Securities Act or Exchange Act, unless specifically referenced in a future filing.