Chilean Cobalt Corp. Signs Binding Earn‑in and Option Agreement for NeoRe Rare Earth Project in Southern Chile

Chilean Cobalt Corp. (OTCQB: COBA) has entered into a binding earn‑in and option agreement with NeoRe SpA, the privately‑held Chilean company behind a large rare earth element (REE) project in southern Chile. The deal follows the previously announced non‑binding letter of intent and sets a clear, phased pathway for Chilean Cobalt to **advance technical work, de‑risk the project, and — if milestones are met — acquire up to 100% ownership of NeoRe and its rare earth project. The Project covers about 4,250 hectares near Concepción and contains an ionic adsorption clay‑style REE system enriched in critical elements like yttrium, neodymium, dysprosium, and terbium, which are vital for defense and advanced manufacturing supply chains. The companies plan a staged exploration and evaluation program, including drilling, metallurgical optimization, bulk sample testing, independent resource estimation, and ESG assessments, targeting potential commissioning and production scale‑up in the next 12–24 months, subject to technical and regulatory conditions. If Chilean Cobalt successfully completes the agreed milestones, it will have the option to acquire 100% of NeoRe in exchange for 6,000,000 common shares. Parallel to technical work, both firms are engaging with potential processing partners and offtake groups to support future development, funding, and commercialization, especially with a focus on the United States. NeoRe’s technical team brings strong experience in ionic adsorption clay deposits and emphasizes environmental stewardship and community involvement. #ChileanCobalt #RareEarthElements #MiningNews #CriticalMinerals #SlimScan #GrowthStocks #CANSLIM