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Hot Chili Limited ( (AU:HCH) ) has provided an announcement.
Hot Chili Limited has announced a A$14 million rights issue to fund its strategic partnering process and the maiden resource estimate for its La Verde copper-gold discovery. This funding aims to remove near-term financial uncertainty and support key initiatives, including the completion of strategic partnerships for its Costa Fuego and Huasco Water projects, and the commencement of phase-two diamond drilling at La Verde. The rights issue offers eligible shareholders the opportunity to participate in the company’s growth at a pivotal time, potentially enhancing its operational capabilities and market positioning.
More about Hot Chili Limited
Hot Chili Limited is a mining company operating in the copper and gold sector, with a focus on developing projects in the Atacama region of Chile. The company is engaged in the exploration and development of its Costa Fuego and La Verde projects, aiming to expand its resource base and enhance its market position in the mining industry.
YTD Price Performance: -15.71%
Average Trading Volume: 263,697
Technical Sentiment Signal: Sell
Current Market Cap: A$90.49M
For detailed information about HCH stock, go to TipRanks’ Stock Analysis page.