Hot Chili Limited (AU:HCH) has released an update.
Hot Chili Limited has secured a robust A$29.9 million funding package to fast-track the development of its Costa Fuego Copper Hub in Chile. The funding includes a A$24.9 million private placement strongly supported by Australian, Canadian, and international investors, matched with a share purchase plan for existing shareholders to raise an additional A$5 million. This financial injection is slated to cover key project milestones including a pre-feasibility study, a water supply study, and up to 25,000 meters of drilling over the next 18 months.
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