Chilean Cobalt Corp. has finalized a definitive agreement with Cobalt Chile SpA to acquire a 100% interest in 3,742 hectares of exploitation claims in the historic San Juan district.
The acquisition includes the El Cofre copper-cobalt-gold project and additional properties in the La Cobaltera project area, expanding the company's mining concessions in the region to 6,377 hectares.
The region offers strategic advantages such as proximity to infrastructure like roads, power, and the Port of Huasco.
Expansion in Mining Concessions
The acquisition increases Chilean Cobalt's mining concessions in the region to a total of 6,377 hectares.
Strategic Location
The region is strategically located near infrastructure and the Port of Huasco, providing logistical advantages.
Historic Mine Sites
The additional claims include historic mine sites with documented cobalt and copper-bearing veins, enhancing the company's presence in the district.
- The acquisition enhances Chilean Cobalt's position in the brownfield segment of the district by consolidating its presence and expanding its exploration opportunities.
- The El Cofre project presents significant potential as a geological extension to the San Juan district, with historical work identifying drill-ready targets and zones of interest.
Chilean Cobalt Corp.'s acquisition of additional mining concessions and strategic assets marks a significant step forward in its exploration and development plans. The company's focus on expanding its presence and identifying new exploration targets positions it well for future growth and success in the critical minerals sector.