Financing ·
Chilean Cobalt Corp. completed Phase 2 of its earn-in agreement with NeoRe SpA, earning an additional 1% net smelter…
COBAChilean Cobalt Corp.
Chilean Cobalt Corp. completed Phase 2 of its earn-in agreement with NeoRe SpA, earning an additional 1% net smelter royalty to total a 2% interest in the NeoRe Rare Earth Project and advancing into negotiations for a definitive acquisition of 100% ownership for 6,000,000 shares. Concurrently, the company secured $1.5 million in gross proceeds from Madesal SpA through an unregistered sale of 750,000 common shares at $2.00 per share. Proceeds will fund district consolidation, exploration, and working capital. Chilean Cobalt Corp. operates as a critical minerals exploration and development company focused on cobalt-copper projects in Chile.