Hot Chili Raises A$14.1M and Advances Drilling at Costa Fuego

Reuters10-30

<a href="https://laohu8.com/S/HHLKF">Hot Chili</a> Raises A$14.1M and Advances Drilling at Costa Fuego

Hot Chili Limited reported strong progress in the quarter ending 30 September 2025, with the successful completion of a fully subscribed A$14.1 million Entitlement Offer to eligible shareholders. The proceeds will fund key milestones, including advancing the company's strategic asset-level partnering process and commencing phase-two diamond drilling at the La Verde copper-gold discovery. Three diamond drill holes have been completed so far, with results pending. The company also received regulatory approval for expanded drilling at La Verde, enabling exploration of lateral and along-strike extensions as well as three additional targets. Hot Chili ended the quarter with A$13.8 million cash and no debt, and noted heightened interest in its ongoing partnering process for the Costa Fuego and Huasco Water projects.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hot Chili Limited published the original content used to generate this news brief via CNW (Ref. ID: C6924) on October 30, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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