Chilean Cobalt Corp Signs Offtake Deal With Glencore for La Cobaltera and El Cofre Projects
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Chilean Cobalt Corp. has signed an offtake deal with Glencore for its La Cobaltera and El Cofre projects in northern Chile. Glencore will have the exclusive right to purchase up to 100% of cobalt, copper, and other materials from these projects for the life of the mines. The materials will be shipped to the US for processing. Glencore will also support the development of the La Cobaltera Phase 1 project and collaborate on US-based processing initiatives.
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