Chilean Cobalt closes $2.5M private placement with Glencore and Madesal; each expands stake

Chilean Cobalt Corp.

Sold 1,562,500 shares at $1.60/sh for gross proceeds of $2.5M to a Glencore subsidiary and Madesal SpA.
Glencore and Madesal now own ~5.6% and ~7.4%, respectively, of outstanding common shares, deepening strategic positions.
Proceeds to be used for district consolidation, exploration, early ESG work, and general corporate/working capital.
Investors are existing strategic partners with offtake arrangements; CEO cites acceleration at La Cobaltera, El Cofre, NeoRe.

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