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The latest announcement is out from Hot Chili Limited ( (AU:HCH) ).
Hot Chili Limited announced the successful closure of its entitlement offer, raising A$14.1 million. The funds will support the growth and development of the Costa Fuego copper-gold project, including strategic partnering processes and phase-two drilling at the La Verde discovery. This financial boost positions the company strongly in a favorable copper and gold price environment, enhancing its operational capabilities and market competitiveness.
More about Hot Chili Limited
Hot Chili Limited is a company operating in the mining industry, focusing on the exploration and development of copper and gold projects. Its primary market focus is on the Costa Fuego copper-gold project located in the coastal range of Chile, which is one of the few large-scale copper projects in the development pipeline with near-term production timelines.
Average Trading Volume: 302,534
Technical Sentiment Signal: Hold
Current Market Cap: A$141M
Learn more about HCH stock on TipRanks’ Stock Analysis page.