Chilean Cobalt signs exclusive life-of-mine offtake deal with Glencore for cobalt/copper

Chilean Cobalt Corp.

Entered into Deed of Undertaking with Glencore subsidiary for exclusive right to purchase up to 100% of cobalt/copper from La Cobaltera and El Cofre projects for life of mine.
Majority of future cobalt and copper intermediate products expected to be shipped to US for processing and refining.
Glencore to provide strategic support for La Cobaltera Phase 1 development and collaborate on US-based processing capabilities.
Future purchase prices to be mutually agreed at least three months before deliveries, based on benchmark index such as Fastmarkets cobalt price.

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