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Hot Chili Raises A$40M to Fast-Track Fuego Copper Project

12:12pm on Monday 2nd of February, 2026 AEDT Mining
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Hot Chili Raises A$40M to Fast-Track Fuego Copper Project

12:12pm on Monday 2nd of February, 2026 AEDT
Key Points
  • A$40 million private placement via 24.27 million shares at A$1.65 each
  • Shares issued at 13.6-15% discount to recent trading prices
  • Placement targets institutional and professional investors across Australia, Canada, and the US
  • Proceeds to fund accelerated exploration, maiden resource, and feasibility studies at Fuego copper project
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