Chilean Cobalt Corp.

Chilean Cobalt Corp. announced the completion of Phase 2 of its earn-in and option agreement with NeoRe SpA for the NeoRe Rare Earth Project, earning an additional 1% net smelter royalty (NSR). The company will now proceed to Phase 3 to negotiate a definitive agreement for the acquisition of 100% of NeoRe. In parallel, Madesal SpA, a significant shareholder, made a strategic investment of $1.5 million into Chilean Cobalt. The funds will be used for further exploration, ESG initiatives, and general corporate purposes. NeoRe continues to advance its project, targeting initial MREC production in early 2027.

Chilean Cobalt Corp. announced changes to the compensation packages for its Chief Executive Officer, Duncan T. Blount, and Chief Financial Officer, Jim Van Horn, effective August 2026. Mr. Blount's annual base salary increased to $162,000 and his monthly medical reimbursement rose to $2,583. Mr. Van Horn's annual base salary increased to $124,000. Additionally, both executives were approved for a $7,000 discretionary bonus.

Chilean Cobalt Corp. announced that its Letter of Interest (LOI) from the Export-Import Bank of the United States (EXIM Bank) expired on July 22, 2026, and was not renewed. This was due to EXIM's policy limiting LOIs to a single 12-month extension, which the company had already utilized. The company has submitted a new application to EXIM for an LOI with substantially similar terms, but there is no guarantee of issuance or comparable terms.

Chilean Cobalt Corp. announced the closing of a $2.5 million private placement financing with strategic investors Glencore plc and Madesal SpA. The company sold 1,562,500 shares of common stock at a price of $1.60 per share. The proceeds will be used to pursue additional district consolidation opportunities, exploration, support early ESG-related work, and for general corporate and working capital purposes. This investment further strengthens the company's relationship with Glencore and Madesal, who were already strategic shareholders.

Chilean Cobalt Corp. reported a net loss of $328,367 for the three months ended March 31, 2026, a slight improvement from the $334,298 loss in the same period last year. The company continues to operate without generating revenue and has an accumulated deficit of over $36.9 million. Despite a cash balance of $1.87 million and a recent $2.5 million capital raise, management expressed substantial doubt about the company's ability to continue as a going concern.