---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-26-004209"
form_type: "8-K"
ticker: "COBA"
cik: "0001727255"
company_name: "Chilean Cobalt Corp."
filed_at: "2026-05-21T13:01:16+00:00"
generated_at: "2026-05-21T13:02:47.768389+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001683168-26-004209
- form_type: 8-K
- ticker: COBA
- cik: 0001727255
- company_name: Chilean Cobalt Corp.
- filed_at: 2026-05-21T13:01:16+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1727255/000168316826004209/0001683168-26-004209-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1727255/000168316826004209/chilean_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-26-004209
- JSON: https://secwatch.observer/filing/0001683168-26-004209.json
- Plain text: https://secwatch.observer/filing/0001683168-26-004209.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.