Chilean Cobalt extends NeoRe project option deadline to March 31, 2027
COBA•Chilean Cobalt amended the NeoRe rare earth project option, extending its election deadline to March 31, 2027. The company also signed an option to acquire San Juan mining concessions for staged payments, including $1.5 million due December 30, 2026.
1. Option terms
An October 29, 2026, amendment extended the NeoRe project option election deadline to March 31, 2027. To acquire the project, Chilean Cobalt must forfeit an earned 2% net smelter return royalty and issue 6,000,000 restricted common shares, with 2,000,000 potential bonus shares. The company signed a separate option for San Juan mining concessions on October 28, with $1.5 million due December 30, 2026, followed by payments of $6 million by April 29, 2027, and $10 million each by December 30, 2027, and December 30, 2028. The concessions cover about 1,381 exploitation-level hectares and 2,900 exploration-level hectares; acquisition triggers a 1.5% net smelter return royalty.
