Welcome to our dedicated page for Hot Chili news (Ticker: HHLKF), a resource for investors and traders seeking the latest updates and insights on Hot Chili stock.
Hot Chili Ltd New (OTCQX: HHLKF) news on Stock Titan aggregates company announcements and market updates relating to Hot Chili Limited’s copper-gold activities in Chile. The releases provided by the company focus on the Costa Fuego Copper-Gold Project and the La Verde copper-gold porphyry discovery, both located in the Atacama region.
Recent news items describe drilling progress at La Verde, including phase-one reverse circulation drilling that outlined a +0.2% Cu discovery footprint and phase-two diamond drilling designed to extend higher-grade centres at depth and from near surface. Updates also cover regulatory milestones such as the granting of a Sectoral Permit to expand drilling, and regional exploration work that has identified three additional porphyry targets adjacent to La Verde using geophysical and geochemical modelling.
Investors following HHLKF can also see corporate and capital markets developments, including quarterly activity reports, details of a fully subscribed A$14.1 million entitlement offer, and information on an asset-level strategic partnering process for the Costa Fuego and Huasco Water projects. Governance-related announcements, such as notices and results of the company’s Annual General Meeting, are also part of the news flow.
This news page allows readers to track how Hot Chili reports exploration results, pre-feasibility study commentary, regulatory approvals and financing activities over time. By reviewing the sequence of releases, users can understand how the company’s copper-gold projects and associated studies are progressing, and how Hot Chili communicates technical, financial and corporate developments to the market.
Hot Chili (ASX: HCH, TSXV: HCH, OTCQX: HHLKF) has appointed Mrs Fiona Van Maanen as an Independent Non-Executive Director, effective March 17, 2025. Van Maanen brings over 30 years of executive experience in corporate governance, financial management, and accounting in the mining industry.
Van Maanen currently serves as Non-Executive Director at several mining companies including Westgold Resources (ASX: WGX), Wildcat Resources (ASX: WC8), and Pantoro (ASX: PNR). In her new role at Hot Chili, she will Chair the Company's Audit & Risk Committee. She will stand for election as a director at the Company's 2025 Annual General Meeting.
Hot Chili has announced significant developments in its Costa Fuego copper hub project for the half-year ended December 31, 2024. The company confirmed a major copper-gold porphyry discovery at the newly acquired La Verde Copper Mine, with drilling results showing broad mineralization extending over 300m vertically.
Key highlights include:
- Cash position of A$19 million as of December 31, 2024
- La Verde acquisition secured through option agreement worth US$8.89 million total
- Pre-feasibility Study (PFS) for Costa Fuego Cu-Au project in final stages
- Completion of key workstreams in metallurgy, mining, and infrastructure
- Progress on Huasco Water Supply PFS with potential for third-party water supply opportunities
The La Verde discovery shows promising results with mineralization footprint extending 550m by 400m, remaining open in all directions. The company completed 19 RC drill holes totaling 5,700m, with assays from 12 holes confirming significant copper-gold mineralization.
Hot Chili (ASX: HCH, TSXV: HCH, OTCQX: HHLKF) announced immediate board changes with the resignation of Dr Nicole Adshead-Bell (Non-Executive Chair) and Stephen Quin (Non-Executive Director). The company is preparing for its next development phase with upcoming Pre-feasibility Studies for the Chilean Costa Fuego copper-gold project and Huasco Water project.
The company plans to strengthen its board capabilities at this important growth period, particularly following the recent significant porphyry copper gold discovery at La Verde, which adds potential upside to Costa Fuego's scale.
Hot Chili (HHLKF) has confirmed a major copper-gold porphyry discovery at La Verde in coastal Chile through additional drilling results. The discovery shows broad mineralizations extending over 300m vertically, starting at shallow depths. Key intersections include 320m grading 0.3% Cu and 0.1 g/t Au and 200m grading 0.4% Cu and 0.1 g/t Au.
The discovery footprint currently extends 550m by 400m and remains open in all directions. Eight of twelve drill holes ended in mineralization, suggesting deeper potential. The company has completed 19 RC drill holes totaling 5,700m, with results from 12 holes reported so far. Hot Chili has A$19 million in cash as of December 31, 2024, and Pre-Feasibility Studies for Costa Fuego and Huasco Water are nearing completion.
Hot Chili has confirmed a significant copper-gold discovery at La Verde, located 30km south of their Costa Fuego Project in Chile. Key drilling results include a 202m intersection grading 0.6% copper and 0.3g/t gold from 70m depth. The first two drill holes of a 4,000m program have shown promising results, with DKP002 recording 308m grading 0.5% Cu and 0.3g/t Au.
La Verde's porphyry footprint measures approximately 850m by 700m, comparable to the Company's Cortadera Cuerpo 3 deposit. The program has been expanded to 6,000m with results pending for 10 more drill holes. The company maintains a strong financial position with A$25.7 million in treasury as of September 2024, and plans to release the Costa Fuego PFS and Water Supply Business Case Study PFS in Q1 2025.
Hot Chili (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) announces its 2024 Annual General Meeting scheduled for Thursday, November 28, 2024, at 9:30am AWST. Shareholders can attend either in person at the company's office in Applecross, WA, or participate online through the Teams Platform. The virtual format will allow for real-time written questions during the meeting regarding resolutions outlined in the October 25, 2024 Notice of Meeting. In-person registration begins at 9:15am AWST.
Hot Chili has executed an Option Agreement to acquire a 100% interest in the historical La Verde Copper Mine, located 30 km south of its Costa Fuego copper-gold project in Chile. La Verde includes 800m of open pit workings previously exploited for shallow porphyry copper-style oxide mineralization.
This agreement, along with the Domeyko Option Agreement, consolidates a larger potential porphyry copper deposit footprint of approximately 1.4km by 1.2km. A first-pass, 4,000m drill program began on 30th October 2024, with two drill holes already completed.
Hot Chili has updated the timing for its next key catalysts, bringing forward the Water Supply Business Case Study (PFS) for Huasco Water to Q1 2025, which will be released in parallel with the Costa Fuego PFS. The company holds a strong treasury of approximately A$25.7 million as of 30 September 2024.
Hot Chili provided updates on its Costa Fuego Copper-Gold Project's Pre-Feasibility Study (PFS), which is scheduled for completion in late 2024. Key developments include confirmation that optimal processing will use raw seawater, potential improvements in molybdenum flotation and copper oxide leach recoveries, and reduced treatment and refining costs compared to the 2023 PEA. The company is advancing its Environmental Impact Assessment for submission in mid-2025 and developing Huasco Water, a strategic water supply business. The company maintains a strong cash position of A$25.7 Million.
Hot Chili (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) has entered into a consulting agreement with 49 North Investor Relations to provide investor relations services. The agreement, compliant with TSXV policies, involves a CAD$10,000 monthly fee for an initial 12-month period. 49 North, a Toronto-based firm with over 20 years of experience, will assist Hot Chili with preparing corporate materials, press releases, coordinating roadshows, managing social media outreach, and facilitating investor communications. This strategic move aims to enhance Hot Chili's investor relations capabilities and support its growth as a publicly-listed small cap company.
Hot Chili has secured A$31.9 million in funding to accelerate its Costa Fuego Copper Hub project in Chile. The company raised A$24.9 million through a private placement and an additional A$7 million via a Share Purchase Plan. This funding will support the completion of the Costa Fuego Pre-Feasibility Study, Water Supply Business Case Study, Environmental Impact Assessment, and the commencement of a bankable feasibility study.
Hot Chili has also created a new water company, Huasco Water, in partnership with Compania Minera del Pacifico. The company holds an 80% interest in Huasco Water, which aims to supply sea water and desalinated water to the Huasco Valley region. The Costa Fuego Pre-Feasibility Study is on track for completion in late 2024. Exploration activities are underway, including geophysical surveys and geological mapping. Hot Chili's cash position stands at A$33.8 million.
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