Chilean Cobalt Corp Signs Offtake Deal With Glencore for La Cobaltera and El Cofre Projects
Chilean Cobalt Corp. has signed an offtake deal with Glencore for its La Cobaltera and El Cofre projects in northern Chile. Glencore will have the exclusive right to purchase up to 100% of cobalt, copper, and other materials from these projects for the life of the mines. The materials will be shipped to the US for processing. Glencore will also support the development of the La Cobaltera Phase 1 project and collaborate on US-based processing initiatives.
Chilean Cobalt Corp. has announced it has entered into an offtake arrangement with a wholly-owned subsidiary of Glencore plc for its La Cobaltera and El Cofre projects in northern Chile. Under this agreement, Glencore will have an irrevocable and exclusive right to purchase up to 100% of cobalt and copper containing products, as well as other materials and byproducts derived from these projects, for the life of the mines. The majority of these materials are expected to be shipped to the United States for processing and refining. Glencore is also expected to provide strategic support for the development of the La Cobaltera Phase 1 project and collaborate on initiatives to develop US-based processing and refining capabilities. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chilean Cobalt Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-25-008291), on November 13, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
