Chilean Cobalt Corp. (OTCQB: COBA) has announced that a consortium including the company has been awarded funding by Corfo for a research and development project focused on sustainable cobalt recovery from mining waste. Other beneficiaries of the grant include Universidad Andrés Bello (UNAB), Universidad de Chile (through UNTEC), Pucobre (SSE: PUCOBRE), and Empresa Nacional de Minería (ENAMI). The project, titled "Sustainable Cobalt: a semi-industrial validation of the green cobalt biotechnological process integrated into an extractive metallurgical strategy with a focus on tailings and circular mining," aims to validate a biotechnological process for extracting cobalt from residual materials. The funding is part of Corfo's "R&D Challenges for Sustainable Productive Development" program, which supports the adoption of advanced technologies in critical minerals supply chains.

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