Chilean Cobalt Corp. closed a brokered private placement financing with Glencore and Madesal, raising $3,000,000.
The net proceeds will be used for exploration fieldwork, district consolidation opportunities, ESG diligence, and working capital.
The investment strengthens Chilean Cobalt's projects and broader district consolidation efforts.
Strategic Investors
Glencore and Madesal are strategic investors endorsing Chilean Cobalt's assets and vision.
Use of Proceeds
Funds will support exploration, ESG diligence, and general corporate purposes.
CEO's Statement
Duncan T. Blount highlighted the expertise Glencore and Madesal bring to accelerate projects.
- The participation of Glencore and Madesal strengthens Chilean Cobalt's capabilities.
- The investment will accelerate work at key projects, enhancing the company's position in the mining district.
The strategic equity investment by Glencore and Madesal marks a significant endorsement of Chilean Cobalt Corp.'s projects and goals, propelling the company towards its vision of becoming a key supplier of responsibly sourced cobalt.