Chilean Cobalt is a pre-revenue exploration and development company focused on cobalt and copper mining in northern Chile. Its primary assets are the La Cobaltera and El Cofre projects — two adjacent properties covering roughly 6,400 hectares in the San Juan District of Chile's Atacama Region. No drilling has been completed, no mineral resource has been estimated, and the company has generated no revenue. Current activities consist of non-invasive surveys — drone magnetics, geochemical sampling, AI-assisted data analysis, and geologic mapping — to identify priority drill targets. The company estimates it needs approximately $400M in total to reach feasibility and production. Chilean Cobalt's intended model is to mine cobalt-copper ore, process it into concentrate on-site, and ship that concentrate to US Strategic Metals in Missouri for refining. Glencore holds a right of first and last refusal to purchase cobalt and copper product from the projects for the life of mine. Chilean Cobalt also holds an option on a ~6,300-hectare rare earth elements property near Concepcion, Chile, though this is an early-stage secondary opportunity. The company's core argument is that it offers a primary cobalt deposit — not a byproduct — in a stable jurisdiction, with no Chinese ownership, at a time when cobalt supply is heavily concentrated in the DRC and Indonesia.
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