Chilean Cobalt Corp. is a US-based exploration and development company focused on critical minerals, primarily cobalt and secondary copper, with a key project located in northern Chile.

# Company Overview - Chilean Cobalt Corp.

## Core Business Purpose
- **Type:** US-based, publicly traded exploration and development company.
- **Focus:** Critical minerals exploration, primarily cobalt and secondary copper.
- **Main Project:** La Cobaltera cobalt-copper project located in the San Juan District in northern Chile.
- **Ownership of land:** 2,635 hectares of fully exploitable mining concessions in the Atacama Region (northern Chile).
- **Industry:** Mines, metals, and energy materials, especially for EV batteries and high-performance alloys.

## Key Operations and Activities
- **Exploration:** Assessing, acquiring, and consolidating mining concessions within the San Juan District.
- **Development:** Planning to develop a phased approach toward proving resource feasibility, starting of mining operations, and producing saleable mineral concentrates.
- **Partnerships:**
  - **Glencore:** Non-binding LOI to purchase all cobalt and copper minerals from La Cobaltera, expected to ship to U.S. or US free trade agreement countries.
  - **US Strategic Metals (USSM):** Non-binding LOI to process and refine cobalt and copper concentrates into metals and battery chemistry intermediates at a facility in Missouri.
- **Market Focus:** Strengthening supply chain for US critical mineral needs, linking Chilean project with US processing capabilities.

## Financial and Operational Status
- **Revenues:** None generated to date.
- **Employees:** 3 full-time and 2 part-time employees as of April 2, 2025.
- **Revenue:** $0 for fiscal years 2023 and 2024.
- **Net Loss:** 
  - 2023: $1,292,742
  - 2024: $882,574
- **Assets:** 
  - December 31, 2024: $472,114
  - December 31, 2023: $859,830
- **Liabilities:** 
  - December 31, 2024: $34,569
  - December 31, 2023: $20,989
- **Share Count:**
  - As of April 2, 2025: 43,502,145 common shares outstanding.
  - Held by non-affiliates (as of June 30, 2024): 28,229,259 shares (~$35.2 million market value at ~$1.2465/share).

## Business Stage and Financials
- **Stage:** Exploration stage, with no proven or probable reserves established.
- **Operations:** Limited to land acquisition, exploration activities, and business development.
- **Funding:** Raised over $31.3 million from private placements, debt, and stock issuance since inception.
- **Current financial outlook:** Operating with recurring losses, no revenue, and a going concern warning from auditors due to limited capital and ongoing expenses.

## Strategic Goals
- Expand land holdings and resource evaluation.
- Enter offtake agreements for mineral sale and downstream processing.
- Develop a sustainable and environmentally responsible operation aligned with IRMA principles.
- Seek additional capital (targeting $5 million+ in upcoming financings) to fund exploration, potential mining, and project development activities.

Chilean Cobalt Corp. is a US-based company focused on exploring and developing critical materials mining, specifically cobalt and copper, in Northern Chile.

# Chilean Cobalt Corp. Overview

## Company Profile
Chilean Cobalt Corp. ("C3") is a US-based and US-listed critical materials exploration and development company focused on cobalt and copper mining. The company is primarily engaged with its flagship project, the **La Cobaltera** project, located in the San Juan District of Northern Chile, one of the world's leading cobalt districts. 

### Focus Areas
- **Mining Operations**: C3 holds rights to **2,635 hectares** of fully exploitable mining concessions in the Atacama region. 
- **Cobalt and Copper Reserves**: Emphasis on extracting cobalt, a critical component in lithium-ion batteries used in electric vehicles (EVs), along with copper.
- **Environmental Stewardship**: The company prioritizes environmental, social, and corporate governance (ESG) practices in its operations.

## Business Activities
- **Exploration and Development**: C3 conducts exploration activities to assess and develop its cobalt and copper resources.
- **Research and Development**: Pursuing innovations in resource extraction and processing to increase efficiency and sustainability.

## Financials and Operations
- **Revenue**: C3 has **not generated revenue** to date; its primary activities since incorporation have focused on exploration, development, and capital raising.
- **Net Income/Loss**: For the fiscal year ended **December 31, 2023**, C3 reported a net loss of **$1,292,742**, an increase from a loss of **$1,032,295** the previous year.
- **Accumulated Deficit**: As of December 31, 2023, the company has an accumulated deficit of approximately **$32,500,238**.
- **Cash Resources**: At the end of the fiscal year, C3 reported **cash totaling $799,871** and total current assets of **$856,872**.

## Staffing
- **Employees**: The company has a relatively small workforce, with **3 full-time employees** as of April 1, 2024. None of the employees are unionized.
- **Growth Plans**: C3 intends to hire additional personnel as it progresses with its business strategy and operational goals.

## Business Model and Market Opportunity
- **Target Market**: C3 targets the rapidly growing electric vehicle market, driven by global shifts towards clean energy and reduced reliance on fossil fuels. The cobalt and copper extracted are critical in battery production, with increasing demand projections for EVs.
- **Market Stats**: The company is focused on capitalizing on a predicted surge in demand for cobalt due to the electrification of transportation and energy storage solutions. 

## Strategic Goals
- In the upcoming years, C3 aims to solidify its market presence by securing funding and further consolidating mining rights, with an estimated **$325 million** needed to complete its operational plans.

C3’s strategic direction is aligned with global trends towards sustainable energy, making it well-positioned as a potential key player in the critical materials market, specifically for battery production.

Chilean Cobalt Corp.

10-K / April 2, 2025

10-K / April 1, 2024

10-K / April 2, 2025

Company Overview - Chilean Cobalt Corp.

Core Business Purpose

Key Operations and Activities

Financial and Operational Status

Business Stage and Financials

Strategic Goals