Chilean Cobalt Corp. Announces Strategic Board Realignment, Targeting Future Uplisting and Enhanced Capital Access

Key Developments for Investors

• Major Board Appointments: Michael Caperonis and Tom Diffely join the Board of Directors, each bringing over 25 years of financial and capital markets experience.
• Increased Capital Markets Expertise: These additions are strategically aimed at supporting the company’s ambitions for a potential uplisting to a national securities exchange.
• Transition in Leadership: Company founder and long-serving board member, Greg Levinson, steps down but remains a supportive shareholder.
• Project Progression: The company continues advancing its flagship La Cobaltera and El Cofre cobalt-copper projects, as well as the NeoRe rare earth project.

Detailed Board Changes

In a move that signals a new strategic direction, Chilean Cobalt Corp. (OTCQB: COBA) has appointed two new independent directors, Michael Caperonis and Tom Diffely, to its Board. Both are longstanding shareholders and bring a wealth of experience in equity capital markets, institutional finance, and capital raising. Their expertise is expected to be highly valuable as Chilean Cobalt evaluates a possible uplisting to a national securities exchange—a move that could significantly boost the company’s visibility and liquidity.

The board realignment is also timed to support ongoing efforts to broaden access to capital and expand the investor base, which management believes is critical as the company accelerates the development of its mineral projects and explores additional growth opportunities.

Background of New Directors

Michael Caperonis

• More than 25 years in finance and capital markets.
• Former Americas Head of Equities Trading and Global Head of Convertible Bonds at Citi.
• Head of Credit and Equities Trading at Nomura, overseeing major trading operations and syndication of capital raises for top corporations globally.
• Partner at Apollo Global Management and current Portfolio Manager at a large family office, focusing on investment strategy and capital markets opportunities.
• Holds a Bachelor of Arts from Yale University.

Tom Diffely

• Over 25 years in finance and equity capital markets.
• 16 years at D.A. Davidson & Co., most recently Director of Institutional Research; previously a senior research analyst covering technology sectors.
• 10 years at Merrill Lynch in equity research, specializing in the semiconductor sector.
• Earlier career includes engineering and general management roles, prior to moving to Wall Street.
• Bachelor of Science in Engineering (Harvey Mudd College), MBA (Haas School of Business, UC Berkeley), CFA Charterholder, and previously held a Professional Engineer (PE) license.

Leadership Transition

Greg Levinson, a founder and instrumental board member since the company’s inception, is stepping down to pursue other interests but will continue as a supportive shareholder. The company expresses its gratitude for his foundational contributions.

Strategic Implications for Shareholders

The appointments of Caperonis and Diffely are seen as a clear effort to position Chilean Cobalt for its next phase of growth. Their combined expertise in capital markets and institutional finance could be pivotal as the company seeks to:

• Access broader capital markets and attract new investors
• Enhance corporate governance with more independent directors—often a prerequisite for uplisting to a major exchange
• Accelerate the development of critical mineral assets (La Cobaltera, El Cofre, and NeoRe projects)
• Evaluate and potentially capitalize on additional growth opportunities in the critical minerals sector

For shareholders, these moves could be price-sensitive. Progress toward an uplisting or improved access to larger pools of capital may positively impact the company’s valuation and liquidity. However, investors should be aware of the inherent risks in mining, exploration, and the uncertainties around meeting listing requirements.

About Chilean Cobalt Corp.

Chilean Cobalt Corp. is a US-based critical minerals exploration and development company, with a primary focus on the La Cobaltera cobalt-copper project in northern Chile—one of the world’s few primary cobalt districts. The company is committed to delivering ecological and social value for stakeholders, economic value for Chile and local communities, and financial value for its shareholders.

Forward-Looking Statements Disclaimer

This article contains forward-looking statements that involve expectations, plans, intentions, and other factors subject to risks and uncertainties. Actual outcomes may differ materially from those anticipated due to factors outside the company’s control. Investors are cautioned not to place undue reliance on forward-looking statements. The company assumes no obligation to update or revise such statements, except as required by law.

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