Chilean Cobalt Corp. Announces Follow-on Strategic Equity Investment by Glencore and Madesal

BERWYN, PA / ACCESS Newswire / May 21, 2026 / Chilean Cobalt Corp. (OTCQB:COBA) ("Chilean Cobalt" or the "Company") is pleased to announce it has closed a private placement financing (the "Offering") with a wholly-owned subsidiary of Glencore plc (LSE: GLEN) (together, with its subsidiaries, "Glencore") and Madesal SpA (together, with its subsidiaries, "Madesal"). Following completion of the Offering, Glencore and Madesal beneficially own approximately 5.6% and 7.4% of the Company's issued and outstanding common shares, respectively, further strengthening their position as strategic shareholders.