Chilean Cobalt COBA

Chilean Cobalt acquires mining concessions

Item 1.01 Enters material agreement

Form: 8-K
Filed: Nov 3, 2026, 4:27 pm ET
Importance: Major
Accession: 0001683168-26-008267

Paid $300,000 to extend Option agreement
Will pay $1.5M by Dec 30, 2026 to exercise Option
Acquires 1,381 hectares of mining concessions

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For the quarter ended June 30, 2026, Chilean Cobalt Corp. reported: Revenue $0.
Net income -$401,809.

From the filing

Item 1.01

Entry into a Material Definitive Agreement.

On October 28, 2026 (the "Signing Date"), the Company entered into a definitive option agreement (the "Option") with counter-parties to acquire approximately 1,381 hectares of exploitation-level mining concessions and approximately 2,900 hectares of exploration-level mining concessions in the San Juan mining district in northern Chile. Under the terms of the Option, the Company paid $300,000 upon signing to extend all future installment payments and the effective date ("Effective Date") of the Option by approximately 60 days. In order to fully exercise the Option and acquire title to the mining concessions, the Company will pay $1,500,000 by no later than December 30, 2026, with the payment of this installment defined as the Effective Date of the Option, another $6,000,000 by no later than April 29, 2027, but with a right to buy up to two 30-day extensions on that payment at a cost of $150,000 per month, another $10,000,000 by no later than December 30, 2027, and another $10,000,000 by no later than December 30, 2028. Upon exercise of the Option, the counter-parties receive an overall 1.5% NSR royalty, valid for 99 years from the date of first commercial production. The Company may purchase back half (0.75% of the 1.5%) of the NSR royalty by paying $10,000,000 to the counter-parties within three years from the date of first commercial production. The Company also has a right of first refusal on the initial sales of any NSR royalty share by each of the NSR royalty beneficiaries, with the exception of those to other NSR royalty beneficiaries or generally to any familial related parties. The Option is executory in nature and any failure to pay installments when due is completely at the discretion of the Company and does not create any further liability or obligation, other than the forfeiture of all previous monies paid, including the $500,000 advance paid at the time of signing a term sheet (the "Terms of Reference

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.

Exhibit

Number

Description

10.1

Form of Amendment No. 1, To Amended Binding Earn-in and Option Agreement - Neore Rare Earth Project in Southern Chile.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CHILEAN COBALT CORP

Dated: November 3, 2026

By:

/s/ Duncan T. Blount

Name:

Duncan T. Blount

Title:

Chief Executive Officer

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