Chilean Cobalt Corp (COBA) is a mineral exploration and development company focused on cobalt and critical minerals assets in Chile. The company generates no operating revenue as of the 10-K filed 2026-03-31; it is pre-revenue and funds operations through equity issuances, including $3,000,000 raised via the sale of 6,000,000 shares of common stock in the year ended December 31, 2025. Chilean Cobalt holds the La Cobaltera cobalt property in Chile and, as of January 8, 2026, entered a binding earn-in and option agreement with NeoRe SpA covering approximately 6,300 hectares of mining concessions near Concepcion, Chile targeting ionic adsorption clay-style rare earth elements. The company participates in a CORFO-funded R&D consortium, backed by a $3,000,000 grant from Albemarle Limitada, to evaluate cobalt and copper recovery from legacy waste at La Cobaltera. Duncan T. Blount serves as Chairman, CEO, and President. The company is incorporated in Nevada and classified as a smaller reporting company.

Revenue model

Pre-revenue as of the 10-K filed 2026-03-31. Operations are funded through equity issuances. In the year ended December 31, 2025, financing activities provided $3,583,445, including $2,752,500 net proceeds from common stock sales and $830,945 from preferred stock sales. The company has working capital of $2,793,881 and cash used in operating activities of $1,146,473 for the year ended December 31, 2025.

Products and services

La Cobaltera cobalt mineral property in Chile; a CORFO R&D consortium project evaluating biotechnological cobalt and copper recovery from mining tailings and waste (three-year project, total budget $3,950,000, grant-funded at $3,000,000 by Albemarle Limitada as of January 6, 2026); an earn-in and option agreement on approximately 6,300 hectares of rare earth element mining concessions near Concepcion, Chile via NeoRe SpA (entered January 8, 2026).

Customers and end markets

No customers or product sales as of the 10-K filed 2026-03-31. Target end markets include cobalt for lithium-ion battery cathode chemistries (NCM, NCA, LCO) serving electric vehicles, smartphones, and tablets, and rare earth elements for energy applications.

Value-chain role

Early-stage mineral explorer and project developer. The company is upstream in the critical minerals supply chain, with no mining, processing, or sales operations active as of the filing date. Participates in an R&D consortium evaluating recovery of cobalt from legacy tailings at La Cobaltera.

Geographic exposure

Operations focused in Chile. La Cobaltera property and the NeoRe SpA rare earth concessions (approximately 6,300 hectares near Concepcion, Chile) represent the primary asset base. Incorporated in Nevada, USA.

Source: SEC 10-K, filed 2026-03-31

Industry: Metal Mining