Chilean Cobalt Corp. (COBA) Form 8-K — Nov 3, 2026
Chilean Cobalt Corp. signed a definitive option agreement on October 28, 2026 to acquire roughly 4,281 hectares of mining concessions in Chile's San Juan district. To complete the acquisition, the company must pay staged installments of $1.5M (Dec 2026), $6M (Apr 2027), $10M (Dec 2027), and $10M (Dec 2028), against a 1.5% NSR royalty retained by sellers. The option is executory: failure to pay an installment carries no liability beyond forfeiture of amounts already paid, including a $500,000 term-sheet advance and the $300,000 signing payment.
Key figures
- Bonus shares
- 2000000
- Monthly lease
- 25000
- Nsr buyback cost
- 10000000
- Neore funding cap
- 2104000
- Nsr royalty percent
- 1.5
- Consideration shares
- 6000000
- Neore earn in cap usd
- 2044000
- Option signing payment
- 300000
- Neore election deadline
- 2027-03-31
- Extension cost per month
- 150000
- Installment due apr 2027
- 6000000
- Installment due dec 2026
- 1500000
- Installment due dec 2027
- 10000000
- Installment due dec 2028
- 10000000
- Concessions exploration hectares
- 2900
- Neore tranche1 2 committed funds
- 1460712
- Concessions exploitation hectares
- 1381
- Production net sales share percent
- 20
- Resale incremental value share percent
- 5
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