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