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Chilean Cobalt Corp. Announces Completion of Strategic Equity Investment by Glencore and Madesal
Chilean Cobalt Corp. Announces Completion of Strategic Equity Investment by Glencore and Madesal.
About this update from Chilean Cobalt Corp.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Chilean Cobalt Corp. Announces Completion of Strategic Equity Investment by Glencore and Madesal\r\n \r\n \r\n\r\n\r\nChilean Cobalt Corp. Announces Completion of Strategic Equity Investment by Glencore and Madesal\r\n\r\n\r\n\r\n\r\n\r\nBERWYN, PA / ACCESS Newswire / December 3, 2025 / Chilean Cobalt Corp. (OTCQB:COBA) (\"Chilean Cobalt\" or the \"Company\") is pleased to announce it has closed a brokered private placement financing (the \"Offering\") with a wholly-owned subsidiary of Glencore plc (LSE:GLEN) (together, with its subsidiaries, \"Glencore\") and Madesal SpA (together, with its subsidiaries, \"Madesal\"), raising gross proceeds of USD $3,000,000. Under the Offering, the Company issued 6,000,000 common shares (\"Common Shares\") at a price of $0.50 per share (the \"Offering Price\"). DA Davidson acted as lead agent and bookrunner.\r\n The net proceeds from the Offering will be used for exploration fieldwork at La Cobaltera and El Cofre, to pursue additional district consolidation opportunities, advance ESG diligence and continuous improvement, and for general corporate and working capital purposes.\r\n \"We are delighted to welcome Glencore and Madesal as strategic investors in Chilean Cobalt. Their participation represents a strong endorsement of our assets and our vision to establish Chile as a key supplier of responsibly sourced cobalt, while also establishing Chilean Cobalt as a significant copper producer, in one of the world's premier mining districts,\" said Duncan T. Blount, Chairman and CEO of Chilean Cobalt. \"Glencore brings deep global expertise in critical minerals markets, while Madesal's extensive experience in construction and industrial activities across Chile is expected to add valuable on-the-ground capability as we advance our projects. This investment strengthens our ability to accelerate work at La Cobaltera and El Cofre and supports our broader district consolidation efforts.\"\r\n 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.\r\n About Chilean Cobalt Corp.\r\n Chil...