regulatory
confidence high
sentiment negative
materiality 0.60
Chilean Cobalt dismisses auditor BF Borgers; auditor had going concern opinion
Chilean Cobalt Corp.
- On May 6, 2024, Audit Committee approved dismissal of BF Borgers CPA PC as independent auditor, effective immediately.
- Borgers' reports for FY2023 and FY2022 contained going concern explanatory paragraph due to recurring losses and need for additional capital.
- No disagreements or reportable events between company and auditor during 2023, 2022, and interim period through May 6, 2024.