Exchange: OTC·Updated 04:06 PM EDT

COBA Chilean Cobalt Corp

$2.15
$0.00
(0.00%)
Today
Closed $2.15
$0.00
(0.00%)
After Hours
Mkt Cap$124.64M
Vol1,100.00

About COBA

Chilean Cobalt Corp. operates as a mining company. It engages in the exploration and development of critical minerals. Its portfolio includes the La Cobaltera project. The company was founded in January 2018 and is headquartered in Berwyn, PA.
50

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METALSALPHA
$COBA Any definitive acquisition agreement, if completed, will include customary conditions precedent, termination rights, and a jointly developed sustainability and community engagement framework, consistent with Chilean regulatory requirements and industry best practices. 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.
METALSALPHA
$COBA "Ordering long-lead equipment marks a tangible step forward as NeoRe shifts from technical evaluation toward construction readiness," said Duncan T. Blount, Chairman and CEO of Chilean Cobalt. "Together with the completed MEP-1 drilling campaign, expanded exploration footprint, and continued production of MREC samples for prospective U.S. partners, these activities support a scalable development pathway and our broader objective of building an integrated Chile-U.S. supply chain for strategically important rare earth elements, with particular emphasis on the heavy rare earths." NeoRe continues to target first MREC production from MEP-1 during early 2027, subject to permitting, financing, construction, equipment delivery, commissioning, and other development requirements. (MORE)
METALSALPHA
$COBA Construction preparation has also advanced through completion of a constructability workshop and initiation of geotechnical drilling. Permitting activities remain focused on the approvals required for construction and operation. NeoRe's pilot program has now produced 12 batches of MREC, processing approximately 650 kilograms of ionic clay, cumulatively. Samples continue to be sent to prospective processing and offtake partners in the United States for analysis and evaluation, supporting ongoing discussions regarding downstream processing and potential commercial arrangements. (MORE)

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