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Chilean Cobalt Corp. Signs Binding Earn-in And Option Agreement For Neore Rare Earth Project In Southern Chile
Chilean Cobalt Corp. Signs Binding Earn-in And Option Agreement For Neore Rare Earth Project In Southern Chile.
About this update from Chilean Cobalt Corp.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Chilean Cobalt Corp. Signs Binding Earn-in And Option Agreement For Neore Rare Earth Project In Southern Chile\r\n \r\n \r\n\r\n\r\nChilean Cobalt Corp. Signs Binding Earn-in And Option Agreement For Neore Rare Earth Project In Southern Chile\r\n\r\n\r\n\r\n\r\n\r\nBERWYN, PA / ACCESS Newswire / January 14, 2026 / Chilean Cobalt Corp. (OTCQB:COBA) (\"Chilean Cobalt\" or the \"Company\") is pleased to announce that it has entered into a binding earn-in and option agreement (the \"Agreement\") with NeoRe SpA, a privately-held Chilean company (together, with its subsidiaries, \"NeoRe\"), following the successful execution of the previously-announced Letter of Intent.\r\n This Agreement defines a clear, phased pathway under which Chilean Cobalt may advance technical work, de-risk the Project, and subject to achieving specific milestones, acquire up to 100% ownership of NeoRe and its rare earth element (\"REE\") project located in southern Chile (the \"Project\").\r\n The Project comprises approximately 4,250 hectares within the coastal belt region near Concepción, Chile and hosts an ionic adsorption clay-style REE system enriched with yttrium, neodymium, dysprosium, and terbium - elements critical to defense and advanced manufacturing supply chains.\r\n Based on geological characteristics, infrastructure access, and prior technical work completed by NeoRe, the Project is considered well-suited to a low-complexity mining and processing approach. The parties intend to pursue a phased development strategy, designed to limit environmental footprint and upfront capital intensity, while targeting the potential for near-term commissioning and production scale-up within approximately 12 to 24 months, subject to technical, regulatory, and market conditions.\r\n Under the Agreement, Chilean Cobalt will collaborate with NeoRe's in-country technical team to execute a staged exploration and evaluation plan. Planned work includes:\r\n \r\n Additional exploration drilling\r\n Metallurgical optimization and bulk sample testing\r\n Preparation and publication of an independent Mineral Resource Estimate\r\n Completion of a scoping-level technical, economic, and ESG assessment\r\n \r\n These milestones are designed to systematically evaluate the Project's scale, metallurgy, and economic potential, while advancing it towards dev...