Copper Explorer Hot Chili launches $9m capital raising

Copper Explorer Hot Chili is targeting its first recourse estimate for 2 projects in South America after announcing an oversubscribed $5 million placement and $3.9 million rights issue, with the majority of the funds going towards a drilling restart at the Cortadera project in Chile. Hot Chili is also looking to complete metallurgical testwork and a preliminary economic assessment for Cortadera as well as other projects.

Source: Business News