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) 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.
Chilean Cobalt (OTCQB:COBA) appointed Paul Smith to its Advisory Board on March 10, 2026.
Paul brings 15 years of resource-sector leadership, having led in excess of USD $100 billion of capital raisings and M&A and most recently oversaw a $1.1 billion sale while chairing Solgold.
He will advise on development, financing and commercial strategy for La Cobaltera, El Cofre and the NeoRe Rare Earth earn-in program.
Chilean Cobalt (OTCQB:COBA) updated progress at the NeoRe Rare Earth Project in southern Chile, reporting expanded on‑site work, district land consolidation and an accelerated development program.
Key facts: ~192 metres drilled year‑to‑date, surface samples to 1,060 ppm TREE, seven new concessions adding ~2,100 hectares, >100 analytical samples, CORFO award, and plan to complete Tranche 1 by July 2026.
Chilean Cobalt (OTCQB:COBA) commenced the Tranche 1 earn-in work program at the NeoRe rare earth project in southern Chile on February 11, 2026. Activities include initial drilling (first 60m), geological modelling, expanded land position (~5,750 hectares), and funding transfers to NeoRe. NeoRe received ~$4 million from Corfo to support pilot extraction and processing development.
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.