Chilean Cobalt Corp. 8-K

What Happened
Chilean Cobalt Corp. (COBA) filed an 8-K on January 20, 2026 announcing it is part of a consortium awarded a $3,000,000 USD grant from Corfo (the Chilean Economic Development Agency) to fund a Sustainable Cobalt Project to recover cobalt from tailings and mining waste. The consortium includes Universidad Andrés Bello (Center for Systems Biotechnology), Pucobre (SSE: PUCOBRE), ENAMI (Chile’s state-owned mining company), and Albemarle Limitada (providing the $3.0M under agreement with Corfo). The project is expected to run about three years with total costs of $3,950,000 USD.

Key Details

• Total project cost: $3,950,000 USD; Corfo-funded amount: $3,000,000 USD (provided by Albemarle Limitada under agreement with Corfo).
• Consortium contribution: $950,000 USD expected, comprised of ~$600,000 USD in in‑kind support and ~$350,000 USD in direct cash.
• Chilean Cobalt’s expected share: approximately 21% of the consortium support, split roughly half in‑kind and half cash over the project term.
• Project focus: sustainable recovery of cobalt from tailings and mining waste; expected duration ~3 years.

Why It Matters
This filing signals Chilean Cobalt’s involvement in a government‑backed R&D project that could advance methods to recover cobalt from mining waste—potentially relevant to the company’s technical capabilities and future resource access. The grant covers the large majority of project costs, limiting the company’s direct cash burden to its share of the $950,000 consortium contribution (about 21%). Investors should note this is an R&D collaboration announcement (press release furnished in Exhibit 99.1) and not an operational or revenue report; the 8-K does not provide production, revenue, or definitive commercial outcomes.