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Chilean Cobalt Corp. Commences Earn-In Work Program at NeoRe Rare Earth Project in Southern Chile
BERWYN, PA / ACCESS Newswire / February 11, 2026 / Chilean Cobalt Corp. (OTCQB:COBA) ("Chilean Cobalt" or the "Company") is pleased to announce the commencement of the initial work program under the binding earn-in and option agreement (the "Agreement") ...
About this update from Chilean Cobalt Corp.
[{"type":"text","content":"BERWYN, PA / ACCESS Newswire / February 11, 2026 / Chilean Cobalt Corp. (OTCQB:COBA) ("Chilean Cobalt" or the "Company") is pleased to announce the commencement of the initial work program under the binding earn-in and option agreement (the "Agreement") with NeoRe SpA, a privately-held Chilean company (together, with its subsidiaries, "NeoRe"), previously announced on January 14, 2026.","length":428,"tagName":"p"},{"type":"text","content":"The initial phase represents Tranche 1 of the earn-in structure and has been jointly approved by Chilean Cobalt and NeoRe. The program is designed to systematically advance the NeoRe Project (the "Project") through early-stage technical evaluation, including the compilation of geological and assay data under industry-standard QA/QC protocols, development of a preliminary geological model, and an initial assessment of mineral continuity and overall project potential.","length":480,"tagName":"p"},{"type":"text","content":"NeoRe completed the recruitment and mobilization of its core geology and exploration team during December 2025, enabling the formal launch of on-site activities. Drilling is now underway, with the first 60 meters completed. Preliminary geological observations indicated encouraging Total Rare Earth Element ("TREE") signatures, with laboratory assay results pending.","length":376,"tagName":"p"},{"type":"text","content":"In January 2026, NeoRe significantly expanded its land position through the acquisition of approximately 1,500 hectares of additional exploration tenements, increasing the total project area to nearly 5,750 hectares. Early surface sampling across the newly acquired areas, subject to preliminary analytical review, returned rare earth concentrations exceeding 500 ppm, further reinforcing the geological potential of the broader project area and supporting continued exploration.","length":479,"tagName":"p"},{"type":"text","content":"Chilean Cobalt has also completed the first transfer of committed funds to NeoRe, in accordance with the Agreement. This milestone reflects tangible progress under the earn-in strategy and supports the acceleration of exploration and technical work programs.","length":258,"tagName":"p"},{"type":"text","content":"In parallel, NeoRe advanced the legal formation of REES (Rare Earth E...