Chilean Cobalt completes Phase 2 at NeoRe rare earth project, advances acquisition, secures $1.5M investment

Chilean Cobalt Corp.

Completed Phase 2 earn-in with NeoRe; earned additional 1% NSR, total 2% NSR on NeoRe Rare Earth Project.
Moving to Phase 3 to negotiate definitive acquisition of 100% of NeoRe for 6,000,000 common shares.
Madesal SpA invested $1.5M (750k shares at $2.00) as follow-on strategic investment.
NeoRe drilled ~2,500m across 250+ drillholes YTD; pilot processed ~500kg ionic clays; targets first MREC production early 2027.
Heavy REEs (Y, Dy, Tb) ~30% of basket; NdPr ~25%; plans 50t MREC in 2027, 300t in 2028, 500-1000t later.

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