$COBA

Chilean Cobalt Corp.

CIK:0001727255|SEC Filings

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues	$ 0	$ 0	$ 0	$ 0
Operating expenses:
Cost of mineral exploration	18,000	19,798	40,000	19,798
General and administrative	398,842	295,741	754,817	635,398
Foreign currency transaction loss	507	424	1,285	2,596
Total operating expenses	417,349	315,963	796,102	657,792
Loss from operations	(417,349)	(315,963)	(796,102)	(657,792)
Other income	0	0	32,835	0
Interest income	15,540	5,452	33,091	12,983
Loss before income taxes	(401,809)	(310,511)	(730,176)	(644,809)
Net loss	$ (401,809)	$ (310,511)	$ (730,176)	$ (644,809)
Basic loss per common share	$ (0.01)	$ (0.01)	$ (0.01)	$ (0.01)
Diluted loss per common share	$ (0.01)	$ (0.01)	$ (0.01)	$ (0.01)
Weighted-average number of shares outstanding, basic	57,165,425	43,502,145	56,789,764	43,502,145
Weighted-average number of shares outstanding, diluted	57,165,425	43,502,145	56,789,764	43,502,145
Comprehensive loss:
Foreign currency translation adjustments	$ 3,765	$ (1,133)	$ (76)	$ 1,344
Comprehensive loss	$ (398,044)	$ (311,644)	$ (730,252)	$ (643,465)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (730,176)	$ (644,809)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock based compensation	105,618	110,435
Changes in operating assets and liabilities:
Prepaid expenses and other assets	(110,407)	(21,950)
Accounts payable and accrued liabilities	24,921	(5,536)
Net cash used in operating activities	(710,044)	(561,860)
Cash flows from investing activities:
Cash paid for the purchase of mining concessions	(505,235)	0
Cash paid for the purchase of NSR Royalty Asset	(1,025,757)	0
Net cash (used in) investing activities	(1,530,992)	0
Cash flows from financing activities:
Proceeds from issuance of Series B Convertible Preferred Stock	0	830,945
Proceeds from issuance of Common Stock	2,500,000	0
Cash paid for direct acquisition costs for issuances	(9,870)	0
Net cash provided by financing activities	2,490,130	830,945
Effect of foreign exchange rate on cash	2,868	714
Net increase in cash	251,962	269,799
Cash at beginning of period	2,772,082	331,309
Cash at end of period	3,024,044	601,108
Supplemental disclosure of non-cash investing and financing activities:
Capitalized other assets acquired through accounts payable and accrued expenses	36,150	0
Issuance costs included in accounts payable	$ 23,310	$ 0

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash	$ 3,024,044	$ 2,772,082
Prepaid expenses	179,438	72,231
Total current assets	3,203,482	2,844,313
Other assets	743,906	0
NSR royalty asset	851,043	0
Property and equipment, net	2,958	2,958
Total assets	4,801,389	2,847,271
Current liabilities:
Accounts payable	75,759	35,388
Accrued service expenses	53,425	15,044
Total current liabilities	129,184	50,432
Total liabilities	129,184	50,432
Commitments and contingencies	0	0
Stockholders’ Equity:
Common Stock, $0.0001 par value; 100,000,000 shares authorized and 57,972,430 and 56,409,930 issued and outstanding at June 30, 2026 and December 31, 2025, respectively	5,797	5,641
Additional paid-in capital	41,797,027	39,191,565
Accumulated other comprehensive income	245,509	245,585
Accumulated deficit	(37,376,128)	(36,645,952)
Total stockholders’ equity	4,672,205	2,796,839
Total liabilities and stockholders’ equity	4,801,389	2,847,271
Series A Preferred Stock [Member]
Stockholders’ Equity:
Preferred stock, value	0	0
Series B Preferred Stock [Member]
Stockholders’ Equity:
Preferred stock, value	$ 0	$ 0